Nomura Holdings Inc. Takes Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Nomura Holdings Inc. purchased a new stake in UP Fintech Holding Limited (NASDAQ:TIGR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 24,272 shares of the company’s stock, valued at approximately $157,000.

Several other hedge funds have also made changes to their positions in the company. Marshall Wace LLP boosted its position in shares of UP Fintech by 492.4% during the 4th quarter. Marshall Wace LLP now owns 5,599,514 shares of the company’s stock worth $36,173,000 after purchasing an additional 4,654,351 shares during the period. Millennium Management LLC boosted its position in shares of UP Fintech by 2,631.2% during the 4th quarter. Millennium Management LLC now owns 1,620,968 shares of the company’s stock worth $10,471,000 after purchasing an additional 1,561,617 shares during the period. Contrarius Group Holdings Ltd acquired a new stake in UP Fintech during the 4th quarter worth approximately $8,105,000. Dorsey Wright & Associates acquired a new stake in UP Fintech during the 4th quarter worth approximately $2,579,000. Finally, Jump Financial LLC acquired a new stake in UP Fintech during the 4th quarter worth approximately $2,069,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Price Performance

Shares of TIGR opened at $8.75 on Friday. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 43.75 and a beta of 0.70. The firm’s fifty day simple moving average is $8.25 and its 200-day simple moving average is $7.35. UP Fintech Holding Limited has a twelve month low of $3.36 and a twelve month high of $14.48. 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 earnings results on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%. The firm had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TIGR shares. Citigroup upgraded shares of UP Fintech from a “sell” rating to a “neutral” rating and increased their target price for the stock from $5.80 to $9.50 in a report on Wednesday, March 19th. Bank of America started coverage on shares of UP Fintech in a report on Monday, March 17th. They set a “buy” rating on the stock.

UP Fintech 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.