SG Americas Securities LLC Takes Position in UP Fintech Holding Limited $TIGR

SG Americas Securities LLC purchased a new stake in UP Fintech Holding Limited (NASDAQ:TIGR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 545,900 shares of the company’s stock, valued at approximately $5,219,000. SG Americas Securities LLC owned approximately 0.30% of UP Fintech as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of TIGR. Arrowstreet Capital Limited Partnership raised its stake in UP Fintech by 66.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company’s stock worth $57,705,000 after purchasing an additional 2,161,023 shares in the last quarter. Bank of America Corp DE grew its position in shares of UP Fintech by 122.6% during the 2nd quarter. Bank of America Corp DE now owns 2,282,337 shares of the company’s stock worth $22,025,000 after purchasing an additional 1,257,251 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of UP Fintech by 450.4% during the third quarter. National Bank of Canada FI now owns 1,976,720 shares of the company’s stock worth $21,092,000 after purchasing an additional 1,617,600 shares during the period. Man Group plc increased its holdings in shares of UP Fintech by 139.2% during the third quarter. Man Group plc now owns 1,790,546 shares of the company’s stock worth $19,105,000 after purchasing an additional 1,042,043 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of UP Fintech in the second quarter valued at approximately $12,993,000. 9.03% of the stock is owned by institutional investors.

UP Fintech Price Performance

Shares of NASDAQ:TIGR opened at $6.43 on Thursday. The firm has a 50 day moving average of $7.68 and a 200-day moving average of $8.99. UP Fintech Holding Limited has a 12 month low of $5.95 and a 12 month high of $13.55. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.20 billion, a PE ratio of 7.07, a PEG ratio of 0.22 and a beta of 0.60.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share (EPS) for the quarter, topping 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 business had revenue of $156.54 million for the quarter, compared to analyst estimates of $142.01 million.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TIGR shares. Citigroup boosted their price target on UP Fintech to $17.50 and gave the company a “buy” rating in a research note on Friday, December 5th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $4.73 price objective on shares of UP Fintech in a report on Friday, December 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.83.

About UP Fintech

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.