Jupiter Asset Management Ltd. Increases Stake in UP Fintech Holding Limited $TIGR

Jupiter Asset Management Ltd. grew its stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 157.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,216,229 shares of the company’s stock after buying an additional 2,577,459 shares during the period. Jupiter Asset Management Ltd. owned 2.28% of UP Fintech worth $40,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in UP Fintech during the second quarter valued at $33,000. SBI Securities Co. Ltd. boosted its holdings in shares of UP Fintech by 21.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company’s stock valued at $83,000 after purchasing an additional 1,355 shares during the last quarter. Stonehaven Wealth & Tax Solutions LLC bought a new position in shares of UP Fintech during the 4th quarter valued at about $100,000. Quarry LP purchased a new position in shares of UP Fintech during the third quarter valued at about $121,000. Finally, Cibc World Market Inc. bought a new stake in shares of UP Fintech in the third quarter worth about $124,000. Institutional investors own 9.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.83.

UP Fintech Price Performance

TIGR stock opened at $5.01 on Friday. UP Fintech Holding Limited has a 52 week low of $4.00 and a 52 week high of $13.55. The firm has a market capitalization of $950.40 million, a P/E ratio of 5.51, a price-to-earnings-growth ratio of 0.18 and a beta of 0.53. The company has a fifty day simple moving average of $6.39 and a two-hundred day simple moving average of $7.91. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.06.

UP Fintech (NASDAQ:TIGR) last announced its 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. UP Fintech had a net margin of 28.82% and a return on equity of 21.87%. The firm had revenue of $156.54 million for the quarter, compared to analysts’ expectations of $142.01 million. Analysts anticipate that UP Fintech Holding Limited will post 0.78 earnings per share for the current fiscal year.

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.