Capital International Investors Makes New $47.86 Million Investment in UP Fintech Holding Limited $TIGR

Capital International Investors bought a new position in UP Fintech Holding Limited (NASDAQ:TIGR) during the fourth quarter, Holdings Channel.com reports. The fund bought 5,005,706 shares of the company’s stock, valued at approximately $47,855,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its stake in UP Fintech by 8.8% in the 4th quarter. Sanctuary Advisors LLC now owns 14,306 shares of the company’s stock worth $137,000 after acquiring an additional 1,159 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in UP Fintech by 21.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company’s stock worth $83,000 after acquiring an additional 1,355 shares in the last quarter. Jones Financial Companies Lllp grew its stake in UP Fintech by 11.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,906 shares of the company’s stock worth $131,000 after acquiring an additional 1,364 shares in the last quarter. Cetera Investment Advisers grew its stake in UP Fintech by 2.8% in the 2nd quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock worth $484,000 after acquiring an additional 1,385 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its stake in UP Fintech by 10.4% in the 4th quarter. Personal CFO Solutions LLC now owns 32,372 shares of the company’s stock worth $309,000 after acquiring an additional 3,046 shares in the last quarter. 9.03% of the stock is currently owned by institutional investors.

UP Fintech Price Performance

NASDAQ TIGR opened at $4.72 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s 50 day moving average price is $6.11 and its 200-day moving average price is $7.63. UP Fintech Holding Limited has a 52-week low of $4.00 and a 52-week high of $13.55. The company has a market cap of $895.38 million, a PE ratio of 7.87 and a beta of 0.45.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. UP Fintech had a net margin of 17.64% and a return on equity of 13.90%. The firm had revenue of $156.54 million for the quarter, compared to the consensus estimate of $142.01 million.

Analyst Ratings Changes

TIGR has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of UP Fintech from a “hold” rating to a “sell” rating in a research note on Saturday. Bank of America restated a “buy” rating on shares of UP Fintech in a research note on Monday, June 1st. Citigroup dropped their price objective on shares of UP Fintech to $7.10 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research note on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.23.

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.