Asset Management One Co. Ltd. Has $61,000 Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Asset Management One Co. Ltd. lifted its holdings in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 32.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,028 shares of the company’s stock after purchasing an additional 3,446 shares during the quarter. Asset Management One Co. Ltd.’s holdings in UP Fintech were worth $61,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Walleye Capital LLC acquired a new stake in shares of UP Fintech during the third quarter worth about $1,886,000. Pathstone Family Office LLC acquired a new stake in shares of UP Fintech during the third quarter worth about $64,000. Acadian Asset Management LLC acquired a new stake in shares of UP Fintech during the third quarter worth about $2,896,000. Aigen Investment Management LP acquired a new stake in shares of UP Fintech during the third quarter worth about $187,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of UP Fintech during the third quarter worth about $101,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Stock Down 2.9 %

NASDAQ:TIGR opened at $3.29 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $513.60 million, a PE ratio of 16.45 and a beta of 1.21. UP Fintech Holding Limited has a 52-week low of $2.31 and a 52-week high of $5.80. The stock has a 50-day simple moving average of $3.87 and a 200 day simple moving average of $4.23.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings data on Wednesday, March 20th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $69.98 million for the quarter. UP Fintech had a return on equity of 6.88% and a net margin of 11.95%.

Wall Street Analyst Weigh In

Separately, Citigroup decreased their price objective on UP Fintech from $8.01 to $6.22 and set a “buy” rating for the company in a report on Thursday, March 21st.

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; and account management services.