14,119 Shares in UP Fintech Holding Limited (NASDAQ:TIGR) Bought by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC bought a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 14,119 shares of the company’s stock, valued at approximately $91,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Sparta 24 Ltd. raised its position in shares of UP Fintech by 113.7% during the third quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock valued at $16,811,000 after buying an additional 1,675,296 shares during the last quarter. State Street Corp increased its stake in UP Fintech by 4.8% during the third quarter. State Street Corp now owns 742,452 shares of the company’s stock valued at $3,965,000 after acquiring an additional 34,186 shares during the period. GSA Capital Partners LLP raised its holdings in UP Fintech by 10.1% in the 3rd quarter. GSA Capital Partners LLP now owns 675,961 shares of the company’s stock valued at $3,610,000 after acquiring an additional 62,145 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of UP Fintech by 66.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock worth $1,090,000 after acquiring an additional 81,300 shares during the period. Finally, Diversify Wealth Management LLC acquired a new stake in shares of UP Fintech during the 4th quarter worth approximately $742,000. 9.03% of the stock is owned by institutional investors.

UP Fintech Price Performance

Shares of TIGR stock opened at $7.73 on Monday. The stock’s fifty day simple moving average is $6.77 and its 200 day simple moving average is $5.80. UP Fintech Holding Limited has a one year low of $3.10 and a one year high of $14.48. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 38.65 and a beta of 0.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TIGR. China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price for the company in a research report on Thursday, October 24th. Citigroup restated a “sell” rating and issued a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price on the stock.

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.