24,601 Shares in UP Fintech Holding Limited (NASDAQ:TIGR) Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC purchased a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,601 shares of the company’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TIGR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in UP Fintech by 66.2% during 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 valued at $1,090,000 after purchasing an additional 81,300 shares during the period. Centiva Capital LP acquired a new position in shares of UP Fintech during the third quarter worth approximately $209,000. Quadrature Capital Ltd acquired a new position in shares of UP Fintech during the third quarter worth approximately $516,000. State Street Corp boosted its position in shares of UP Fintech by 4.8% in 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. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of UP Fintech in the third quarter worth $121,000. 9.03% of the stock is owned by institutional investors and hedge funds.

UP Fintech Stock Up 4.2 %

Shares of TIGR stock opened at $7.97 on Tuesday. 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. The stock has a fifty day moving average price of $7.20 and a 200 day moving average price of $6.51. The stock has a market cap of $1.47 billion, a P/E ratio of 39.85 and a beta of 0.87.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Bank of America initiated coverage on shares of UP Fintech in a research note on Monday. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a research note on Thursday, January 2nd. They issued a “buy” rating and a $9.40 target price for the company.

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.