Central Asset Investments & Management Holdings HK Ltd Buys New Position in UP Fintech Holding Limited (NASDAQ:TIGR)

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

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of UP Fintech by 51.5% in the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock valued at $59,000 after acquiring an additional 3,105 shares during the last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of UP Fintech during the fourth quarter valued at approximately $91,000. Alliance Wealth Advisors LLC UT purchased a new stake in shares of UP Fintech in the 4th quarter worth about $92,000. Blue Trust Inc. grew its holdings in UP Fintech by 198.6% in the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after purchasing an additional 9,748 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of UP Fintech by 38.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after buying an additional 4,377 shares during the last quarter. Institutional investors own 9.03% of the company’s stock.

Analyst Ratings Changes

Separately, 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 price objective on the stock.

UP Fintech Stock Up 9.5 %

TIGR stock opened at $7.73 on Thursday. The business’s 50-day moving average is $7.10 and its two-hundred day moving average is $6.17. UP Fintech Holding Limited has a fifty-two week low of $3.10 and a fifty-two week high of $14.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 38.65 and a beta of 0.86.

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.