30,000 Shares in UP Fintech Holding Limited (NASDAQ:TIGR) Bought by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $194,000.

A number of other institutional investors also recently modified their holdings of TIGR. Quadrature Capital Ltd acquired a new position in shares of UP Fintech during the third quarter worth $516,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in UP Fintech by 66.2% in the third 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 purchasing an additional 81,300 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of UP Fintech during the 3rd quarter valued at $539,000. Nkcfo LLC bought a new position in shares of UP Fintech during the 4th quarter worth about $323,000. Finally, Diversify Wealth Management LLC bought a new position in UP Fintech in the fourth quarter worth approximately $742,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price objective for the company.

UP Fintech Stock Performance

Shares of TIGR opened at $7.73 on Thursday. UP Fintech Holding Limited has a 12 month low of $3.10 and a 12 month high of $14.48. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 38.65 and a beta of 0.86. The stock has a 50 day moving average of $7.10 and a 200 day moving average of $6.17. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.

About UP Fintech

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.