Two Sigma Securities LLC Makes New $131,000 Investment in UP Fintech Holding Limited (NASDAQ:TIGR)

Two Sigma Securities LLC bought a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 20,249 shares of the company’s stock, valued at approximately $131,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Marshall Wace LLP boosted its position in UP Fintech by 492.4% during the 4th quarter. Marshall Wace LLP now owns 5,599,514 shares of the company’s stock valued at $36,173,000 after purchasing an additional 4,654,351 shares during the period. Contrarius Group Holdings Ltd acquired a new position in shares of UP Fintech during the fourth quarter valued at $8,105,000. Dorsey Wright & Associates bought a new position in shares of UP Fintech during the fourth quarter worth about $2,579,000. Jump Financial LLC acquired a new stake in shares of UP Fintech in the 4th quarter worth about $2,069,000. Finally, Envestnet Asset Management Inc. bought a new stake in UP Fintech in the 4th quarter valued at about $1,219,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TIGR has been the topic of a number of recent analyst reports. Bank of America initiated coverage on UP Fintech in a research report on Monday, March 17th. They set a “buy” rating for the company. Citigroup upgraded UP Fintech from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $5.80 to $9.50 in a research report on Wednesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target on the stock.

UP Fintech Stock Performance

Shares of NASDAQ TIGR opened at $8.43 on Friday. UP Fintech Holding Limited has a 1 year low of $3.36 and a 1 year high of $14.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day moving average price of $7.69 and a two-hundred day moving average price of $7.07. The firm has a market cap of $1.56 billion, a P/E ratio of 42.15 and a beta of 0.65.

UP Fintech (NASDAQ:TIGR) last announced its earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $73.60 million.

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.