Shilanski & Associates Inc. Acquires Shares of 18,514 UP Fintech Holding Limited (NASDAQ:TIGR)

Shilanski & Associates Inc. purchased a new position in UP Fintech Holding Limited (NASDAQ:TIGR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,514 shares of the company’s stock, valued at approximately $120,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of UP Fintech by 53.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock valued at $32,000 after buying an additional 2,104 shares during the period. Blue Trust Inc. lifted its position in UP Fintech by 198.6% in the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock valued at $78,000 after buying an additional 9,748 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in UP Fintech by 38.5% during the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after buying an additional 4,377 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of UP Fintech during the fourth quarter valued at about $119,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of UP Fintech in the 3rd quarter valued at approximately $121,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price on the stock in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price objective on the stock. Finally, Citigroup restated a “sell” rating and set a $5.50 target price (up from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.

UP Fintech Price Performance

UP Fintech stock opened at $6.91 on Friday. The company’s 50 day moving average is $6.46 and its two-hundred day moving average is $5.58. The firm has a market cap of $1.28 billion, a PE ratio of 34.55 and a beta of 0.86. 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 Holding Limited has a 52-week low of $3.10 and a 52-week high of $14.48.

About UP Fintech

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.