Geode Capital Management LLC Acquires 40,802 Shares of UP Fintech Holding Limited (NASDAQ:TIGR)

Geode Capital Management LLC lifted its holdings in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 49.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 122,644 shares of the company’s stock after buying an additional 40,802 shares during the period. Geode Capital Management LLC owned about 0.07% of UP Fintech worth $792,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Virtu Financial LLC acquired a new position in UP Fintech during the third quarter worth about $539,000. JPMorgan Chase & Co. lifted its stake in UP Fintech by 49.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 75,198 shares of the company’s stock valued at $402,000 after purchasing an additional 24,726 shares during the last quarter. GAMMA Investing LLC boosted its position in UP Fintech by 51.5% in the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock valued at $59,000 after buying an additional 3,105 shares in the last quarter. Claro Advisors LLC bought a new stake in shares of UP Fintech during the fourth quarter worth $238,000. Finally, Diversify Wealth Management LLC acquired a new position in shares of UP Fintech during the fourth quarter worth $742,000. 9.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TIGR shares. Deutsche Bank Aktiengesellschaft began coverage on UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price objective on the stock. Citigroup upgraded shares of UP Fintech from a “sell” rating to a “neutral” rating and raised their price objective for the company from $5.80 to $9.50 in a report on Wednesday, March 19th. Finally, Bank of America assumed coverage on shares of UP Fintech in a report on Monday, March 17th. They set a “buy” rating on the stock.

UP Fintech Trading Up 2.2 %

Shares of TIGR stock opened at $8.43 on Friday. UP Fintech Holding Limited has a 1-year low of $3.36 and a 1-year high of $14.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 42.15 and a beta of 0.65. The stock has a 50-day moving average of $7.69 and a 200-day moving average of $7.07.

UP Fintech (NASDAQ:TIGR) last released its earnings results on Tuesday, March 18th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $73.60 million.

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.