Y Intercept Hong Kong Ltd Has $2.32 Million Stock Position in UP Fintech Holding Limited $TIGR

Y Intercept Hong Kong Ltd decreased its stake in UP Fintech Holding Limited (NASDAQ:TIGR) by 60.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 216,940 shares of the company’s stock after selling 329,539 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.12% of UP Fintech worth $2,315,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its position in UP Fintech by 282.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,247,099 shares of the company’s stock valued at $31,335,000 after acquiring an additional 2,397,261 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of UP Fintech in the 2nd quarter valued at about $12,993,000. Jupiter Asset Management Ltd. bought a new stake in UP Fintech in the 2nd quarter valued at approximately $24,456,000. Envestnet Asset Management Inc. lifted its position in shares of UP Fintech by 21.2% in the second quarter. Envestnet Asset Management Inc. now owns 218,480 shares of the company’s stock worth $2,108,000 after purchasing an additional 38,148 shares in the last quarter. Finally, Quinn Opportunity Partners LLC boosted its holdings in UP Fintech by 9.3% during the second quarter. Quinn Opportunity Partners LLC now owns 628,921 shares of the company’s stock worth $6,069,000 after purchasing an additional 53,409 shares during the last quarter. Institutional investors own 9.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TIGR. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “sell” rating and set a $4.73 price target on shares of UP Fintech in a research report on Friday, December 5th. UBS Group began coverage on UP Fintech in a report on Thursday, October 23rd. They issued a “buy” rating and a $13.10 price objective for the company. Citigroup raised their target price on shares of UP Fintech to $17.50 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Wall Street Zen lowered shares of UP Fintech from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.83.

UP Fintech Stock Down 0.5%

TIGR opened at $8.77 on Thursday. UP Fintech Holding Limited has a 12-month low of $6.38 and a 12-month high of $13.55. The business has a 50 day moving average of $9.14 and a 200-day moving average of $10.06. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 0.27 and a beta of 0.29.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.08. The firm had revenue of $175.16 million during the quarter, compared to the consensus estimate of $132.76 million. UP Fintech had a net margin of 27.42% and a return on equity of 21.09%. During the same period last year, the business posted $0.11 earnings per share.

UP Fintech Profile

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.