Claro Advisors LLC Invests $238,000 in UP Fintech Holding Limited (NASDAQ:TIGR)

Claro Advisors LLC purchased a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,782 shares of the company’s stock, valued at approximately $238,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of UP Fintech by 51.5% during the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after purchasing an additional 3,105 shares during the last quarter. JPMorgan Chase & Co. lifted its position in UP Fintech by 49.0% during the third quarter. JPMorgan Chase & Co. now owns 75,198 shares of the company’s stock worth $402,000 after buying an additional 24,726 shares in the last quarter. Virtu Financial LLC acquired a new position in UP Fintech during the third quarter worth $539,000. Geode Capital Management LLC grew its holdings in UP Fintech by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 81,842 shares of the company’s stock valued at $437,000 after buying an additional 4,082 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of UP Fintech in the 3rd quarter worth $121,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. China Renaissance raised shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price objective for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a research note on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price target for the company. Finally, Citigroup reiterated a “sell” rating and issued a $5.50 price objective (up from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.

UP Fintech Stock Up 0.5 %

Shares of TIGR opened at $6.19 on Thursday. The company’s 50-day moving average price is $6.41 and its 200 day moving average price is $5.49. UP Fintech Holding Limited has a 12-month low of $3.10 and a 12-month high of $14.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.14 billion, a P/E ratio of 30.95 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.