Capital International Investors Makes New $47.86 Million Investment in UP Fintech Holding Limited $TIGR

Capital International Investors purchased a new position in UP Fintech Holding Limited (NASDAQ:TIGR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,005,706 shares of the company’s stock, valued at approximately $47,855,000. Capital International Investors owned approximately 2.71% of UP Fintech as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Sanctuary Advisors LLC lifted its stake in UP Fintech by 8.8% in the 4th quarter. Sanctuary Advisors LLC now owns 14,306 shares of the company’s stock worth $137,000 after purchasing an additional 1,159 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in UP Fintech by 21.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company’s stock worth $83,000 after purchasing an additional 1,355 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in UP Fintech by 11.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,906 shares of the company’s stock worth $131,000 after purchasing an additional 1,364 shares in the last quarter. Cetera Investment Advisers lifted its stake in UP Fintech by 2.8% in the 2nd quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock worth $484,000 after purchasing an additional 1,385 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its position in shares of UP Fintech by 10.4% during the 4th quarter. Personal CFO Solutions LLC now owns 32,372 shares of the company’s stock valued at $309,000 after buying an additional 3,046 shares in the last quarter. Hedge funds and other institutional investors own 9.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TIGR. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Citigroup decreased their target price on shares of UP Fintech to $7.10 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Wall Street Zen cut shares of UP Fintech from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Bank of America restated a “buy” rating on shares of UP Fintech in a research report on Monday, June 1st. Four research 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. Based on data from MarketBeat.com, UP Fintech has a consensus rating of “Moderate Buy” and a consensus target price of $9.23.

UP Fintech Stock Performance

Shares of NASDAQ:TIGR opened at $4.72 on Wednesday. The company has a market capitalization of $895.38 million, a price-to-earnings ratio of 7.87 and a beta of 0.45. UP Fintech Holding Limited has a 12 month low of $4.00 and a 12 month high of $13.55. The firm’s 50-day moving average is $6.11 and its 200 day moving average is $7.63. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.06.

UP Fintech (NASDAQ:TIGR) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. The company had revenue of $156.54 million for the quarter, compared to the consensus estimate of $142.01 million. UP Fintech had a net margin of 17.64% and a return on equity of 13.90%.

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.