Citigroup Inc. Has $11.49 Million Stock Position in UP Fintech Holding Limited $TIGR

Citigroup Inc. raised its holdings in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 2,580.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,077,258 shares of the company’s stock after buying an additional 1,037,076 shares during the quarter. Citigroup Inc. owned about 0.58% of UP Fintech worth $11,494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in UP Fintech during the 2nd quarter valued at $33,000. First Horizon Advisors Inc. acquired a new position in shares of UP Fintech during the second quarter valued at about $52,000. Bayforest Capital Ltd bought a new stake in shares of UP Fintech in the third quarter valued at about $66,000. SBI Securities Co. Ltd. grew its position in UP Fintech by 22.7% during the second quarter. SBI Securities Co. Ltd. now owns 6,382 shares of the company’s stock worth $62,000 after buying an additional 1,179 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in UP Fintech during the second quarter valued at about $103,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TIGR. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $4.73 target price on shares of UP Fintech in a research report on Friday, December 5th. Finally, Citigroup boosted their price target on shares of UP Fintech to $17.50 and gave the company a “buy” rating in a report on Friday, December 5th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, UP Fintech has a consensus rating of “Moderate Buy” and a consensus price target of $11.83.

UP Fintech Price Performance

Shares of TIGR stock opened at $7.82 on Friday. The stock’s fifty day simple moving average is $8.84 and its 200 day simple moving average is $9.75. UP Fintech Holding Limited has a one year low of $6.38 and a one year high of $13.55. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 0.24 and a beta of 0.49.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. UP Fintech had a return on equity of 21.09% and a net margin of 27.42%.The company had revenue of $175.16 million during the quarter, compared to analysts’ expectations of $132.76 million. During the same period last year, the business earned $0.11 earnings per share.

UP Fintech Profile

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.