Atria Investments Inc Invests $321,000 in UP Fintech Holding Limited (NASDAQ:TIGR)

Atria Investments Inc acquired a new stake in UP Fintech Holding Limited (NASDAQ:TIGR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 49,619 shares of the company’s stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Diversify Wealth Management LLC acquired a new stake in shares of UP Fintech in the fourth quarter valued at approximately $742,000. Virtu Financial LLC bought a new stake in UP Fintech during the 3rd quarter worth about $539,000. Quadrature Capital Ltd acquired a new position in shares of UP Fintech during the 3rd quarter worth about $516,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of UP Fintech by 66.2% in 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 valued at $1,090,000 after acquiring an additional 81,300 shares in the last quarter. Finally, Nkcfo LLC acquired a new stake in shares of UP Fintech in the fourth quarter valued at about $323,000. 9.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Bank of America began coverage on UP Fintech in a research note on Monday. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price on the stock.

UP Fintech Price Performance

NASDAQ:TIGR opened at $7.97 on Tuesday. UP Fintech Holding Limited has a 12-month low of $3.10 and a 12-month high of $14.48. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 39.85 and a beta of 0.87. The stock’s 50 day moving average price is $7.20 and its two-hundred day moving average price is $6.51. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30.

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 services.