Two Sigma Investments LP Buys 1,617,702 Shares of UP Fintech Holding Limited (NASDAQ:TIGR)

Two Sigma Investments LP raised its stake in UP Fintech Holding Limited (NASDAQ:TIGR) by 808.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,817,787 shares of the company’s stock after purchasing an additional 1,617,702 shares during the period. Two Sigma Investments LP owned approximately 0.98% of UP Fintech worth $11,743,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in shares of UP Fintech by 527.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock valued at $30,000 after buying an additional 3,901 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of UP Fintech in the 4th quarter valued at $34,000. Deutsche Bank AG acquired a new position in shares of UP Fintech in the 4th quarter valued at $38,000. Tairen Capital Ltd acquired a new position in shares of UP Fintech in the 4th quarter valued at $68,000. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of UP Fintech in the 4th quarter valued at $91,000. 9.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TIGR. Bank of America began coverage on shares of UP Fintech in a research note on Monday, March 17th. They issued a “buy” rating for the company. Citigroup upgraded shares of UP Fintech from a “sell” rating to a “neutral” rating and increased their price objective for the company from $5.80 to $9.50 in a research note on Wednesday, March 19th.

UP Fintech Trading Down 1.2%

Shares of UP Fintech stock opened at $8.75 on Friday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 43.75 and a beta of 0.70. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a 50-day simple moving average of $8.25 and a 200 day simple moving average of $7.35. UP Fintech Holding Limited has a 12-month low of $3.36 and a 12-month high of $14.48.

UP Fintech (NASDAQ:TIGR) last announced its 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. The business had revenue of $124.10 million during the quarter, compared to analysts’ expectations of $73.60 million. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%.

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.