Caitong International Asset Management Co. Ltd Buys 3,427 Shares of UP Fintech Holding Limited $TIGR

Caitong International Asset Management Co. Ltd grew its stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 205.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 5,094 shares of the company’s stock after acquiring an additional 3,427 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in UP Fintech were worth $49,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bingham Private Wealth LLC bought a new position in shares of UP Fintech during the first quarter valued at $90,000. GAMMA Investing LLC increased its holdings in shares of UP Fintech by 17.4% during the first quarter. GAMMA Investing LLC now owns 10,728 shares of the company’s stock valued at $92,000 after acquiring an additional 1,592 shares in the last quarter. Ieq Capital LLC bought a new position in shares of UP Fintech during the first quarter valued at $109,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of UP Fintech by 14.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,517 shares of the company’s stock valued at $130,000 after acquiring an additional 1,676 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in UP Fintech by 15.3% in the 2nd quarter. Asset Management One Co. Ltd. now owns 13,749 shares of the company’s stock worth $133,000 after buying an additional 1,826 shares in the last quarter. 9.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on TIGR shares. Citigroup upgraded UP Fintech from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $9.50 to $14.00 in a report on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a report on Friday. Wall Street Zen downgraded UP Fintech from a “buy” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group started coverage on UP Fintech in a report on Monday, September 29th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, UBS Group started coverage on UP Fintech in a report on Thursday. They issued a “buy” rating and a $13.10 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.13.

UP Fintech Stock Performance

Shares of NASDAQ:TIGR opened at $10.28 on Friday. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 0.67 and a beta of 0.55. The stock’s 50-day simple moving average is $10.88 and its two-hundred day simple moving average is $9.64. UP Fintech Holding Limited has a 52-week low of $5.36 and a 52-week high of $13.55.

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.