Bank of America began coverage on shares of UP Fintech (NASDAQ:TIGR – Free Report) in a report issued on Monday, MarketBeat reports. The brokerage issued a buy rating on the stock.
Separately, Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price for the company.
View Our Latest Stock Analysis on TIGR
UP Fintech Trading Up 4.2 %
Institutional Investors Weigh In On UP Fintech
Several hedge funds have recently modified their holdings of the business. Voloridge Investment Management LLC bought a new stake in shares of UP Fintech in the fourth quarter valued at approximately $321,000. Vident Advisory LLC raised its stake in shares of UP Fintech by 15.0% in the fourth quarter. Vident Advisory LLC now owns 74,172 shares of the company’s stock valued at $479,000 after purchasing an additional 9,680 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of UP Fintech by 841.6% in the fourth quarter. Two Sigma Advisers LP now owns 888,900 shares of the company’s stock valued at $5,742,000 after purchasing an additional 794,500 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of UP Fintech by 808.5% in the fourth quarter. Two Sigma Investments LP now owns 1,817,787 shares of the company’s stock valued at $11,743,000 after purchasing an additional 1,617,702 shares in the last quarter. Finally, Tairen Capital Ltd acquired a new position in shares of UP Fintech in the fourth quarter valued at $68,000. 9.03% of the stock is owned by institutional investors.
UP Fintech Company Profile
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.
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