Diversify Wealth Management LLC Sells 129,598 Shares of UP Fintech Holding Limited $TIGR

Diversify Wealth Management LLC decreased its holdings in UP Fintech Holding Limited (NASDAQ:TIGR) by 74.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,841 shares of the company’s stock after selling 129,598 shares during the quarter. Diversify Wealth Management LLC’s holdings in UP Fintech were worth $292,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. bought a new position in UP Fintech during the second quarter worth about $33,000. GeoWealth Management LLC bought a new stake in UP Fintech in the fourth quarter valued at $35,000. Brooklyn Investment Group bought a new stake in UP Fintech in the fourth quarter valued at $94,000. Stonehaven Wealth & Tax Solutions LLC bought a new position in shares of UP Fintech during the fourth quarter valued at $100,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of UP Fintech in the 1st quarter valued at $67,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of UP Fintech from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research note on Monday, April 20th. Bank of America reaffirmed a “buy” rating on shares of UP Fintech in a report on Monday, June 1st. Finally, Citigroup decreased their target price on UP Fintech to $7.10 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.23.

Insiders Place Their Bets

In other UP Fintech news, Director Jian Liu sold 9,333 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $4.60, for a total value of $42,931.80. Following the transaction, the director directly owned 62,665 shares of the company’s stock, valued at approximately $288,259. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 50.90% of the stock is owned by corporate insiders.

UP Fintech Stock Down 0.4%

NASDAQ TIGR opened at $4.61 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.10. UP Fintech Holding Limited has a 52 week low of $4.00 and a 52 week high of $13.55. The stock has a market capitalization of $874.51 million, a P/E ratio of 7.68 and a beta of 0.45. The stock has a fifty day moving average of $4.96 and a 200-day moving average of $6.82.

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.