GAMMA Investing LLC Acquires 3,105 Shares of UP Fintech Holding Limited (NASDAQ:TIGR)

GAMMA Investing LLC lifted its stake in UP Fintech Holding Limited (NASDAQ:TIGR) by 51.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,136 shares of the company’s stock after buying an additional 3,105 shares during the period. GAMMA Investing LLC’s holdings in UP Fintech were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TIGR. Sparta 24 Ltd. raised its position in shares of UP Fintech by 113.7% in the 3rd quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock valued at $16,811,000 after buying an additional 1,675,296 shares in the last quarter. Marshall Wace LLP lifted its position in shares of UP Fintech by 52.8% during the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock worth $4,671,000 after buying an additional 384,213 shares during the last quarter. State Street Corp lifted its holdings in shares of UP Fintech by 4.8% in the third quarter. State Street Corp now owns 742,452 shares of the company’s stock worth $3,965,000 after acquiring an additional 34,186 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of UP Fintech by 10.1% in the 3rd quarter. GSA Capital Partners LLP now owns 675,961 shares of the company’s stock valued at $3,610,000 after purchasing an additional 62,145 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in UP Fintech by 66.2% during the 3rd 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 purchasing an additional 81,300 shares in the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Trading Down 7.7 %

NASDAQ:TIGR opened at $5.76 on Monday. The firm has a fifty day simple moving average of $6.44 and a two-hundred day simple moving average of $5.46. UP Fintech Holding Limited has a 12 month low of $3.10 and a 12 month high of $14.48. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 28.80 and a beta of 0.86. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TIGR shares. China Renaissance raised 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. Citigroup reiterated a “sell” rating and set a $5.50 target price (up from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target on the stock.

About UP Fintech

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.