30,638 Shares in UP Fintech Holding Limited (NASDAQ:TIGR) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 30,638 shares of the company’s stock, valued at approximately $129,000.

Several other hedge funds have also modified their holdings of TIGR. GAMMA Investing LLC raised its holdings 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 stake in shares of UP Fintech during the first quarter valued at approximately $34,000. SG Americas Securities LLC purchased a new stake in shares of UP Fintech in the 2nd quarter valued at approximately $78,000. Virtu Financial LLC boosted its stake in UP Fintech by 61.3% in the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock worth $93,000 after purchasing an additional 10,329 shares during the period. Finally, Cetera Advisors LLC purchased a new position in UP Fintech during the 1st quarter worth approximately $117,000. 9.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup reduced their target price on 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 Price Performance

Shares of TIGR opened at $12.39 on Friday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 53.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.15 and a quick ratio of 1.15. The business’s 50-day moving average is $4.23 and its 200-day moving average is $4.09. UP Fintech Holding Limited has a fifty-two week low of $3.10 and a fifty-two week high of $12.42.

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). UP Fintech had a net margin of 8.59% and a return on equity of 5.35%. The business had revenue of $87.44 million for the quarter.

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; and account management services.