Renaissance Technologies LLC Buys 1,006,566 Shares of UP Fintech Holding Limited $TIGR

Renaissance Technologies LLC lifted its stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 129.8% during the first quarter, Holdings Channel reports. The fund owned 1,782,066 shares of the company’s stock after buying an additional 1,006,566 shares during the quarter. Renaissance Technologies LLC’s holdings in UP Fintech were worth $11,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in UP Fintech in the second quarter worth $33,000. GeoWealth Management LLC bought a new stake in UP Fintech in the fourth quarter valued at $35,000. Brooklyn Investment Group acquired a new position in shares of UP Fintech during the fourth quarter valued at about $94,000. Stonehaven Wealth & Tax Solutions LLC acquired a new position in shares of UP Fintech during the fourth quarter valued at about $100,000. Finally, Hsbc Holdings PLC bought a new position in shares of UP Fintech during the 1st quarter worth about $67,000. 9.03% of the stock is owned by institutional investors.

Insider Transactions at UP Fintech

In other UP Fintech news, Director Jian Liu sold 9,333 shares of UP Fintech stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $4.60, for a total transaction of $42,931.80. Following the transaction, the director directly owned 62,665 shares of the company’s stock, valued at $288,259. The trade was a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 50.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TIGR. Bank of America reissued a “buy” rating on shares of UP Fintech in a research note on Monday, June 1st. Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Citigroup decreased their target price on shares of UP Fintech to $7.10 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Finally, Wall Street Zen cut shares of UP Fintech from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, UP Fintech has an average rating of “Moderate Buy” and a consensus target price of $9.23.

UP Fintech Trading Up 0.4%

Shares of UP Fintech stock opened at $4.90 on Friday. The company has a market capitalization of $929.53 million, a P/E ratio of 8.17 and a beta of 0.45. The stock has a fifty day simple moving average of $4.73 and a 200 day simple moving average of $6.46. UP Fintech Holding Limited has a 12-month low of $4.00 and a 12-month high of $13.55. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.06.

About UP Fintech

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.