AdvisorShares Investments LLC Invests $565,000 in UP Fintech Holding Limited (NASDAQ:TIGR)

AdvisorShares Investments LLC bought a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 87,498 shares of the company’s stock, valued at approximately $565,000.

Several other large investors also recently added to or reduced their stakes in TIGR. Tower Research Capital LLC TRC raised its holdings in shares of UP Fintech by 527.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $30,000 after buying an additional 3,901 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of UP Fintech in the 4th quarter valued at approximately $34,000. GAMMA Investing LLC boosted its holdings in UP Fintech by 51.5% during the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock valued at $59,000 after acquiring an additional 3,105 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in shares of UP Fintech during the 4th quarter worth $91,000. Finally, Alliance Wealth Advisors LLC UT acquired a new position in UP Fintech during the fourth quarter worth approximately $92,000. 9.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on TIGR. Bank of America started coverage on UP Fintech in a research note 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 increased their price target for the company from $5.80 to $9.50 in a report on Wednesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on UP Fintech in a research note on Thursday, January 2nd. They set a “buy” rating and a $9.40 price objective for the company.

UP Fintech Stock Performance

Shares of NASDAQ:TIGR opened at $8.25 on Tuesday. The business has a 50-day moving average price of $7.66 and a two-hundred day moving average price of $7.05. The stock has a market capitalization of $1.52 billion, a P/E ratio of 41.25 and a beta of 0.65. UP Fintech Holding Limited has a 1-year low of $3.36 and a 1-year 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 released its quarterly earnings data on Tuesday, March 18th. The company reported $0.17 EPS 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 company had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million.

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.