Fintech
UP Fintech Holding Limited (NASDAQ:TIGR) shares sold by Russell Investments Group Ltd.
Russell Investments Group Ltd. reduced its holdings in shares of UP Fintech Holding Limited (NASDAQ:TIGR – Free report) by 83.6% in the fourth quarter, the company said in its latest filing with the Securities and Exchange Commission (SEC). The firm owned 7,013 shares of the company’s stock after selling 35,821 shares during the period. Russell Investments Group Ltd.’s holdings in UP Fintech were worth $31,000 according to its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Walleye Capital LLC acquired a new stake in shares of UP Fintech in the third quarter valued at $1,886,000. Pathstone Family Office LLC acquired a new stake in shares of UP Fintech in the third quarter worth $64,000. Acadian Asset Management LLC acquired a new stake in shares of UP Fintech in the third quarter worth $2,896,000. Asset Management One Co. Ltd. increased its stake in shares of UP Fintech by 32.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company’s stock valued at $61,000 after purchasing an additional 3,446 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of UP Fintech in the third quarter valued at approximately $187,000. Institutional investors and hedge funds own 9.03% of the company’s stock.
UP Fintech stock performance
Shares of TIGER it opened at $4.12 on Friday. The company has a 50 day simple moving average of $3.70 and a 200 day simple moving average of $4.01. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $688.61 million, a PE ratio of 20.60, and a beta of 1.18. UP Fintech Holding Limited has a 52-week low of $2.51 and a 52-week high of $5.80.
UP Fintech (NASDAQ:TIGR – Get a free report) last posted its earnings results on Wednesday, March 20th. The company reported ($0.01) earnings per share for the quarter. UP Fintech posted a net margin of 11.95% and a return on equity of 6.88%. The company posted revenue of $69.98 million for the quarter.
Analyst upgrades and downgrades
Separately, Citigroup cut their price target on shares of UP Fintech from $8.01 to $6.22 and set a “buy” rating for the company in a report on Thursday, March 21.
Check out our latest analysis for TIGR
UP Fintech Profile
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform that allows investors 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; and account management services.
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