Marshall Wace LLP Acquires 384,213 Shares of UP Fintech Holding Limited (NASDAQ:TIGR)

Marshall Wace LLP increased its stake in UP Fintech Holding Limited (NASDAQ:TIGR) by 52.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,112,172 shares of the company’s stock after acquiring an additional 384,213 shares during the quarter. Marshall Wace LLP owned 0.67% of UP Fintech worth $4,671,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TIGR. GAMMA Investing LLC raised its stake in UP Fintech by 308.9% during the 1st quarter. GAMMA Investing LLC now owns 7,683 shares of the company’s stock worth $26,000 after buying an additional 5,804 shares during the period. Headlands Technologies LLC acquired a new position in shares of UP Fintech during the first quarter worth approximately $34,000. SG Americas Securities LLC bought a new position in shares of UP Fintech in the 2nd quarter worth $78,000. Virtu Financial LLC grew its position in UP Fintech by 61.3% in the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock valued at $93,000 after purchasing an additional 10,329 shares during the period. Finally, Cetera Advisors LLC bought a new stake in UP Fintech during the 1st quarter valued at $117,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Stock Performance

Shares of UP Fintech stock opened at $6.23 on Wednesday. The company has a market cap of $977.42 million, a PE ratio of 27.09 and a beta of 0.90. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.32. UP Fintech Holding Limited has a 52 week low of $3.10 and a 52 week high of $6.27. The business has a 50 day moving average price of $3.88 and a 200-day moving average price of $3.97.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings data on Friday, August 30th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $87.44 million for the quarter. UP Fintech had a net margin of 8.59% and a return on equity of 5.35%.

Analysts Set New Price Targets

Separately, Citigroup reduced their price objective on shares of UP Fintech from $6.49 to $5.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd.

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; and account management services.