Virtu Financial LLC Takes Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Virtu Financial LLC acquired a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 101,022 shares of the company’s stock, valued at approximately $539,000. Virtu Financial LLC owned 0.05% of UP Fintech at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of UP Fintech by 53.6% in the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after purchasing an additional 2,104 shares in the last quarter. SG Americas Securities LLC purchased a new stake in UP Fintech in the 2nd quarter worth about $78,000. Blue Trust Inc. raised its stake in shares of UP Fintech by 198.6% during the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after purchasing an additional 9,748 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of UP Fintech by 38.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after purchasing an additional 4,377 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of UP Fintech by 100.6% during the 2nd quarter. Headlands Technologies LLC now owns 19,954 shares of the company’s stock valued at $84,000 after acquiring an additional 10,006 shares during the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TIGR. Citigroup reaffirmed a “sell” rating and issued a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. China Renaissance upgraded UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price objective for the company in a research report on Thursday, October 24th.

UP Fintech Stock Performance

Shares of UP Fintech stock opened at $7.65 on Monday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 38.25 and a beta of 0.88. The stock’s 50-day moving average is $6.64 and its 200-day moving average is $5.13. UP Fintech Holding Limited has a one year low of $3.10 and a one year high of $14.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11.

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.