State Street Corp Raises Stock Holdings in UP Fintech Holding Limited (NASDAQ:TIGR)

State Street Corp raised its position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 742,452 shares of the company’s stock after purchasing an additional 34,186 shares during the quarter. State Street Corp’s holdings in UP Fintech were worth $3,965,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in UP Fintech by 53.6% in the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock valued at $32,000 after buying an additional 2,104 shares during the last quarter. Blue Trust Inc. lifted its position in UP Fintech by 198.6% during the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock valued at $78,000 after purchasing an additional 9,748 shares during the period. Asset Management One Co. Ltd. boosted its holdings in UP Fintech by 38.5% in the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock valued at $84,000 after purchasing an additional 4,377 shares during the last quarter. Headlands Technologies LLC grew its position in UP Fintech by 100.6% during the 2nd quarter. Headlands Technologies LLC now owns 19,954 shares of the company’s stock worth $84,000 after purchasing an additional 10,006 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of UP Fintech during the 2nd quarter valued at about $129,000. 9.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. China Renaissance raised UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price on the stock in a report on Thursday, October 24th. Citigroup reaffirmed a “sell” rating and set a $5.50 target price (up from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.

UP Fintech Stock Performance

NASDAQ TIGR opened at $6.51 on Tuesday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 32.55 and a beta of 0.88. The stock has a 50-day moving average of $6.45 and a 200 day moving average of $5.33. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. UP Fintech Holding Limited has a twelve month low of $3.10 and a twelve month high of $14.48.

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.