Jupiter Asset Management Ltd. Boosts Holdings in UP Fintech Holding Limited $TIGR

Jupiter Asset Management Ltd. raised its position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 157.3% during the fourth quarter, HoldingsChannel reports. The fund owned 4,216,229 shares of the company’s stock after acquiring an additional 2,577,459 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in UP Fintech were worth $40,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of UP Fintech by 66.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company’s stock worth $57,705,000 after purchasing an additional 2,161,023 shares during the period. Bank of America Corp DE lifted its stake in UP Fintech by 122.6% in the second quarter. Bank of America Corp DE now owns 2,282,337 shares of the company’s stock worth $22,025,000 after purchasing an additional 1,257,251 shares during the last quarter. National Bank of Canada FI boosted its position in shares of UP Fintech by 450.4% during the third quarter. National Bank of Canada FI now owns 1,976,720 shares of the company’s stock valued at $21,092,000 after buying an additional 1,617,600 shares during the period. Man Group plc grew its stake in shares of UP Fintech by 139.2% during the third quarter. Man Group plc now owns 1,790,546 shares of the company’s stock valued at $19,105,000 after buying an additional 1,042,043 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of UP Fintech by 15.6% during the second quarter. Canada Pension Plan Investment Board now owns 1,274,250 shares of the company’s stock valued at $12,297,000 after buying an additional 172,200 shares during the last quarter. Hedge funds and other institutional investors own 9.03% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.83.

UP Fintech Trading Down 1.8%

NASDAQ:TIGR opened at $5.01 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a 50-day simple moving average of $6.39 and a 200-day simple moving average of $7.91. UP Fintech Holding Limited has a one year low of $4.00 and a one year high of $13.55. The firm has a market cap of $950.40 million, a P/E ratio of 5.51, a P/E/G ratio of 0.18 and a beta of 0.53.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings data on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. The company had revenue of $156.54 million for the quarter, compared to analyst estimates of $142.01 million. UP Fintech had a net margin of 28.82% and a return on equity of 21.87%. Equities analysts anticipate that UP Fintech Holding Limited will post 0.78 EPS for the current fiscal year.

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.