545,900 Shares in UP Fintech Holding Limited $TIGR Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in UP Fintech Holding Limited (NASDAQ:TIGR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 545,900 shares of the company’s stock, valued at approximately $5,219,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TIGR. Wilmington Savings Fund Society FSB raised its stake in UP Fintech by 60.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 16,000 shares of the company’s stock worth $171,000 after acquiring an additional 6,000 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of UP Fintech in the 3rd quarter valued at approximately $734,000. Voloridge Investment Management LLC bought a new stake in shares of UP Fintech during the 3rd quarter valued at approximately $7,178,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of UP Fintech during the 3rd quarter valued at approximately $3,850,000. Finally, Polymer Capital Management HK LTD acquired a new position in UP Fintech during the 3rd quarter worth approximately $2,638,000. Institutional investors own 9.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UP Fintech in a research note on Wednesday, January 21st. Citigroup increased their price target on UP Fintech to $17.50 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $4.73 price objective on shares of UP Fintech in a research report on Friday, December 5th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.83.

UP Fintech Stock Up 2.1%

NASDAQ:TIGR opened at $6.43 on Thursday. The firm’s 50 day simple moving average is $7.68 and its 200 day simple moving average is $8.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.12. UP Fintech Holding Limited has a one year low of $5.95 and a one year high of $13.55. The company has a market cap of $1.20 billion, a PE ratio of 7.07, a P/E/G ratio of 0.22 and a beta of 0.60.

UP Fintech (NASDAQ:TIGR) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm had revenue of $156.54 million during the quarter, compared to analysts’ expectations of $142.01 million. UP Fintech had a net margin of 28.82% and a return on equity of 21.87%.

UP Fintech Profile

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.