Diversify Wealth Management LLC Sells 129,598 Shares of UP Fintech Holding Limited $TIGR

Diversify Wealth Management LLC cut its position in UP Fintech Holding Limited (NASDAQ:TIGR) by 74.3% during the 1st quarter, HoldingsChannel reports. The firm owned 44,841 shares of the company’s stock after selling 129,598 shares during the quarter. Diversify Wealth Management LLC’s holdings in UP Fintech were worth $292,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Hsbc Holdings PLC bought a new position in shares of UP Fintech during the 1st quarter valued at about $67,000. Dorsey Wright & Associates grew its holdings in shares of UP Fintech by 2.6% during the fourth quarter. Dorsey Wright & Associates now owns 204,132 shares of the company’s stock worth $1,952,000 after buying an additional 5,144 shares in the last quarter. XTX Topco Ltd raised its position in UP Fintech by 615.1% in the 4th quarter. XTX Topco Ltd now owns 78,916 shares of the company’s stock valued at $754,000 after buying an additional 67,881 shares during the last quarter. Numerai GP LLC acquired a new position in UP Fintech during the fourth quarter worth $329,000. Finally, Oxford Asset Management LLP acquired a new position in UP Fintech during the fourth quarter valued at approximately $232,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on TIGR shares. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research note on Monday, April 20th. Citigroup lowered their price target on shares of UP Fintech to $7.10 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Bank of America reaffirmed a “buy” rating on shares of UP Fintech in a report on Monday, June 1st. Finally, Wall Street Zen lowered UP Fintech from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, UP Fintech currently has an average rating of “Moderate Buy” and a consensus target price of $9.23.

Insider Buying and Selling at UP Fintech

In other news, Director Jian Liu sold 9,333 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $4.60, for a total value of $42,931.80. Following the sale, the director directly owned 62,665 shares in the company, valued at approximately $288,259. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 50.90% of the company’s stock.

UP Fintech Trading Down 0.4%

Shares of TIGR opened at $4.61 on Friday. The business’s fifty day moving average is $4.96 and its 200-day moving average is $6.82. The firm has a market cap of $874.51 million, a price-to-earnings ratio of 7.68 and a beta of 0.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.10 and a current ratio of 1.10. UP Fintech Holding Limited has a 52-week low of $4.00 and a 52-week high of $13.55.

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.