UP Fintech Holding Limited $TIGR Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC decreased its position in UP Fintech Holding Limited (NASDAQ:TIGR) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,799 shares of the company’s stock after selling 1,324 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in UP Fintech were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in shares of UP Fintech by 818.7% during the 1st quarter. Acadian Asset Management LLC now owns 126,596 shares of the company’s stock valued at $1,085,000 after acquiring an additional 112,816 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of UP Fintech during the 1st quarter valued at about $575,000. Canada Pension Plan Investment Board acquired a new position in shares of UP Fintech during the 1st quarter valued at about $9,467,000. Sparta 24 Ltd. increased its stake in shares of UP Fintech by 48.0% during the 1st quarter. Sparta 24 Ltd. now owns 3,657,104 shares of the company’s stock valued at $31,415,000 after acquiring an additional 1,186,137 shares during the last quarter. Finally, Eschler Asset Management LLP acquired a new position in shares of UP Fintech during the 1st quarter valued at about $1,031,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Stock Performance

Shares of NASDAQ:TIGR opened at $9.72 on Wednesday. UP Fintech Holding Limited has a 1 year low of $5.36 and a 1 year high of $13.55. The stock has a market capitalization of $1.79 billion, a P/E ratio of 14.95, a PEG ratio of 0.65 and a beta of 0.55. The stock has a 50-day simple moving average of $10.92 and a 200-day simple moving average of $9.58.

Analysts Set New Price Targets

A number of research firms have recently commented on TIGR. Jefferies Financial Group began coverage on shares of UP Fintech in a research note on Monday, September 29th. They set a “buy” rating and a $12.00 price objective for the company. Citigroup raised shares of UP Fintech from a “neutral” rating to a “buy” rating and upped their price objective for the company from $9.50 to $14.00 in a research note on Tuesday, July 22nd. Wall Street Zen raised shares of UP Fintech from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.75.

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.