Nuveen LLC Takes Position in UP Fintech Holding Limited $TIGR

Nuveen LLC bought a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 95,400 shares of the company’s stock, valued at approximately $819,000. Nuveen LLC owned about 0.05% of UP Fintech at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in UP Fintech by 527.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $30,000 after purchasing an additional 3,901 shares during the period. Deutsche Bank AG bought a new stake in shares of UP Fintech during the 4th quarter valued at about $38,000. Tairen Capital Ltd bought a new stake in UP Fintech in the 4th quarter worth approximately $68,000. Bingham Private Wealth LLC bought a new stake in UP Fintech in the 1st quarter worth approximately $90,000. Finally, GAMMA Investing LLC increased its stake in UP Fintech by 17.4% in the 1st quarter. GAMMA Investing LLC now owns 10,728 shares of the company’s stock worth $92,000 after purchasing an additional 1,592 shares during the period. Institutional investors own 9.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup raised UP Fintech from a “neutral” rating to a “buy” rating and boosted their target price for the company from $9.50 to $14.00 in a research note on Tuesday, July 22nd. Wall Street Zen raised UP Fintech from a “hold” rating to a “buy” rating in a research note on Saturday. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $10.33.

UP Fintech Price Performance

NASDAQ TIGR opened at $12.32 on Wednesday. The stock has a market capitalization of $2.27 billion, a PE ratio of 18.95, a P/E/G ratio of 0.82 and a beta of 0.64. UP Fintech Holding Limited has a 1-year low of $3.39 and a 1-year high of $14.48. The business has a 50 day simple moving average of $10.47 and a two-hundred day simple moving average of $8.95.

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 services.