Quantbot Technologies LP Invests $213,000 in UP Fintech Holding Limited (NASDAQ:TIGR)

Quantbot Technologies LP purchased a new position in UP Fintech Holding Limited (NASDAQ:TIGR) in the 4th quarter, HoldingsChannel reports. The fund purchased 32,990 shares of the company’s stock, valued at approximately $213,000.

Other hedge funds also recently bought and sold shares of the company. Contrarius Group Holdings Ltd purchased a new position in UP Fintech in the fourth quarter worth about $8,105,000. State Street Corp lifted its position in UP Fintech by 4.8% in the 3rd quarter. State Street Corp now owns 742,452 shares of the company’s stock valued at $3,965,000 after acquiring an additional 34,186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in UP Fintech by 66.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock valued at $1,090,000 after purchasing an additional 81,300 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in shares of UP Fintech in the fourth quarter worth $742,000. Finally, Virtu Financial LLC bought a new position in shares of UP Fintech during the third quarter valued at $539,000. Institutional investors own 9.03% of the company’s stock.

UP Fintech Trading Down 4.7 %

Shares of NASDAQ:TIGR opened at $8.67 on Friday. UP Fintech Holding Limited has a 12-month low of $3.10 and a 12-month high of $14.48. The company has a market cap of $1.60 billion, a PE ratio of 43.35 and a beta of 0.87. The stock has a 50 day moving average of $7.71 and a 200 day moving average of $6.83. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The business had revenue of $124.10 million during the quarter, compared to analyst estimates of $73.60 million.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TIGR shares. Deutsche Bank Aktiengesellschaft began coverage on UP Fintech in a research report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 target price for the company. Bank of America started coverage on shares of UP Fintech in a research report on Monday, March 17th. They set a “buy” rating on the stock. Finally, Citigroup upgraded shares of UP Fintech from a “sell” rating to a “neutral” rating and boosted their target price for the company from $5.80 to $9.50 in a research note on Wednesday, March 19th.

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.