Prudential PLC grew its position in UP Fintech Holding Limited (NASDAQ:TIGR – Free Report) by 44.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 477,049 shares of the company’s stock after buying an additional 147,514 shares during the period. Prudential PLC owned approximately 0.26% of UP Fintech worth $4,561,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in UP Fintech in the second quarter worth about $33,000. SBI Securities Co. Ltd. lifted its position in UP Fintech by 21.2% during the third quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company’s stock valued at $83,000 after purchasing an additional 1,355 shares during the period. Stonehaven Wealth & Tax Solutions LLC bought a new position in UP Fintech during the fourth quarter valued at approximately $100,000. Quarry LP bought a new position in UP Fintech during the third quarter valued at approximately $121,000. Finally, Cibc World Market Inc. bought a new position in UP Fintech during the third quarter valued at approximately $124,000. 9.03% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on TIGR. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Wall Street Zen downgraded shares of UP Fintech from a “hold” rating to a “sell” rating in a research report on Saturday. Bank of America restated a “buy” rating on shares of UP Fintech in a research report on Monday, June 1st. Finally, Citigroup lowered their price objective on shares of UP Fintech to $7.10 and set a “buy” rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, UP Fintech presently has an average rating of “Moderate Buy” and a consensus price target of $9.23.
UP Fintech Stock Down 5.9%
Shares of TIGR stock opened at $4.48 on Friday. UP Fintech Holding Limited has a 12 month low of $4.00 and a 12 month high of $13.55. The stock has a market cap of $849.86 million, a P/E ratio of 7.47, a P/E/G ratio of 0.30 and a beta of 0.45. The company has a current ratio of 1.10, a quick ratio of 1.12 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of $6.17 and a two-hundred day simple moving average of $7.70.
UP Fintech (NASDAQ:TIGR – Get Free Report) last announced its earnings results on Thursday, March 19th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. UP Fintech had a net margin of 17.64% and a return on equity of 13.90%. The business had revenue of $156.54 million during the quarter, compared to analysts’ expectations of $142.01 million.
UP Fintech Company Profile
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.
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