State Street Corp Raises Holdings in UP Fintech Holding Limited (NASDAQ:TIGR)

State Street Corp increased its position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 742,452 shares of the company’s stock after buying an additional 34,186 shares during the period. State Street Corp owned about 0.40% of UP Fintech worth $3,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Marshall Wace LLP increased its position in UP Fintech by 52.8% during the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock valued at $4,671,000 after purchasing an additional 384,213 shares during the period. Quadrature Capital Ltd purchased a new position in UP Fintech during the third quarter valued at approximately $516,000. Sparta 24 Ltd. raised its stake in UP Fintech by 113.7% in the third quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock worth $16,811,000 after buying an additional 1,675,296 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in UP Fintech by 66.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock worth $1,090,000 after buying an additional 81,300 shares during the period. Finally, GAMMA Investing LLC boosted its position in UP Fintech by 53.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock valued at $32,000 after acquiring an additional 2,104 shares in the last quarter. 9.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Citigroup reiterated a “sell” rating and issued a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd. China Renaissance upgraded shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price for the company in a research note on Thursday, October 24th.

UP Fintech Trading Down 5.5 %

UP Fintech stock opened at $6.51 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $1.20 billion, a PE ratio of 32.55 and a beta of 0.88. The stock has a 50-day moving average of $6.45 and a two-hundred day moving average of $5.33. UP Fintech Holding Limited has a one year low of $3.10 and a one year high of $14.48.

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 services.