Dorsey Wright & Associates Has $2.14 Million Stock Holdings in UP Fintech Holding Limited $TIGR

Dorsey Wright & Associates reduced its position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 38.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 221,433 shares of the company’s stock after selling 138,031 shares during the quarter. Dorsey Wright & Associates owned about 0.12% of UP Fintech worth $2,137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of UP Fintech by 205.6% during the second quarter. Caitong International Asset Management Co. Ltd now owns 5,094 shares of the company’s stock valued at $49,000 after acquiring an additional 3,427 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in UP Fintech during the 2nd quarter valued at $52,000. SBI Securities Co. Ltd. raised its holdings in UP Fintech by 22.7% during the second quarter. SBI Securities Co. Ltd. now owns 6,382 shares of the company’s stock worth $62,000 after buying an additional 1,179 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of UP Fintech in the second quarter valued at $103,000. Finally, Ieq Capital LLC acquired a new position in shares of UP Fintech during the first quarter valued at about $109,000. Institutional investors own 9.03% of the company’s stock.

UP Fintech Price Performance

Shares of NASDAQ:TIGR opened at $9.09 on Wednesday. UP Fintech Holding Limited has a 1 year low of $5.40 and a 1 year high of $13.55. The company has a market capitalization of $1.68 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.61 and a beta of 0.53. The business has a fifty day moving average price of $10.29 and a two-hundred day moving average price of $10.02.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TIGR. Wall Street Zen lowered shares of UP Fintech from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a research note on Wednesday, October 8th. Citigroup raised UP Fintech from a “neutral” rating to a “buy” rating and lifted their target price for the company from $9.50 to $14.00 in a research report on Tuesday, July 22nd. UBS Group started coverage on UP Fintech in a research report on Thursday, October 23rd. They issued a “buy” rating and a $13.10 price target for the company. Finally, Jefferies Financial Group initiated coverage on UP Fintech in a research note on Monday, September 29th. They set a “buy” rating and a $12.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.13.

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.