Virtu Financial LLC Lowers Holdings in UP Fintech Holding Limited (NASDAQ:TIGR)

Virtu Financial LLC reduced its stake in UP Fintech Holding Limited (NASDAQ:TIGR) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,868 shares of the company’s stock after selling 19,154 shares during the period. Virtu Financial LLC’s holdings in UP Fintech were worth $529,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TIGR. GAMMA Investing LLC grew its position 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 purchasing an additional 3,105 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of UP Fintech by 5.2% during the third quarter. Geode Capital Management LLC now owns 81,842 shares of the company’s stock valued at $437,000 after buying an additional 4,082 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of UP Fintech during the fourth quarter valued at approximately $34,000. Burns Matteson Capital Management LLC bought a new position in UP Fintech in the 4th quarter valued at approximately $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in UP Fintech during the 4th quarter valued at $92,000. 9.03% of the stock is currently owned by institutional investors.

UP Fintech Trading Up 2.0 %

UP Fintech stock opened at $9.01 on Wednesday. The business has a 50-day simple moving average of $7.57 and a two-hundred day simple moving average of $6.74. UP Fintech Holding Limited has a 52-week low of $3.10 and a 52-week high of $14.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.66 billion, a P/E ratio of 45.05 and a beta of 0.87.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate 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.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TIGR. Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a research note on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price target for the company. Citigroup raised shares of UP Fintech from a “sell” rating to a “neutral” rating and raised their price target for the company from $5.80 to $9.50 in a report on Wednesday, March 19th. Finally, Bank of America started coverage on shares of UP Fintech in a report on Monday, March 17th. They set a “buy” rating for the company.

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.