UP Fintech Holding Limited (NASDAQ:TIGR) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 49.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,198 shares of the company’s stock after purchasing an additional 24,726 shares during the quarter. JPMorgan Chase & Co.’s holdings in UP Fintech were worth $402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of UP Fintech by 53.6% during the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after buying an additional 2,104 shares during the period. Blue Trust Inc. grew its holdings in UP Fintech by 198.6% during the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after acquiring an additional 9,748 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of UP Fintech by 38.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock valued at $84,000 after purchasing an additional 4,377 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of UP Fintech in the 3rd quarter valued at $121,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of UP Fintech during the 2nd quarter worth $129,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Price Performance

Shares of TIGR opened at $6.82 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. UP Fintech Holding Limited has a 1-year low of $3.10 and a 1-year high of $14.48. The stock has a market cap of $1.26 billion, a PE ratio of 34.10 and a beta of 0.86. The firm has a fifty day moving average price of $6.55 and a 200 day moving average price of $5.65.

Wall Street Analysts Forecast Growth

TIGR has been the topic of a number of analyst reports. Citigroup restated a “sell” rating and issued a $5.50 price target (up from $5.00) on shares of UP Fintech in a research note on Tuesday, October 22nd. China Renaissance upgraded UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price objective on the stock in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on UP Fintech in a research note on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price for the company.

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.