Dorsey Wright & Associates Buys Shares of 399,219 UP Fintech Holding Limited (NASDAQ:TIGR)

Dorsey Wright & Associates purchased a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 399,219 shares of the company’s stock, valued at approximately $2,579,000. Dorsey Wright & Associates owned 0.22% of UP Fintech as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in TIGR. Contrarius Group Holdings Ltd purchased a new stake in shares of UP Fintech during the 4th quarter valued at approximately $8,105,000. Diversify Wealth Management LLC bought a new stake in UP Fintech during the 4th quarter valued at $742,000. Virtu Financial LLC purchased a new stake in shares of UP Fintech during the third quarter worth $539,000. Quadrature Capital Ltd bought a new position in shares of UP Fintech in the third quarter worth $516,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of UP Fintech by 66.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock valued at $1,090,000 after purchasing an additional 81,300 shares in the last quarter. Hedge funds and other institutional investors own 9.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America began coverage on UP Fintech in a report on Monday, March 17th. They set a “buy” rating on the stock. Citigroup raised shares of UP Fintech from a “sell” rating to a “neutral” rating and increased their price target for the stock from $5.80 to $9.50 in a report on Wednesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of 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 Price Performance

Shares of NASDAQ TIGR opened at $8.67 on Friday. The stock’s 50-day simple moving average is $7.71 and its two-hundred day simple moving average is $6.83. UP Fintech Holding Limited has a twelve month low of $3.10 and a twelve month high of $14.48. The firm has a market capitalization of $1.60 billion, a P/E ratio of 43.35 and a beta of 0.87. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30.

UP Fintech (NASDAQ:TIGR) last announced its earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, beating 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 business had revenue of $124.10 million for the quarter, compared to the consensus estimate of $73.60 million.

UP Fintech Company 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.