Deutsche Bank Aktiengesellschaft assumed coverage on shares of UP Fintech (NASDAQ:TIGR – Get Free Report) in a research note issued on Thursday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $9.40 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 47.57% from the stock’s current price.
Other analysts also recently issued research reports about the stock. China Renaissance raised shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price on the stock in a report on Thursday, October 24th. Citigroup reaffirmed a “sell” rating and set a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.
Get Our Latest Research Report on TIGR
UP Fintech Stock Down 1.4 %
Institutional Investors Weigh In On UP Fintech
Several hedge funds have recently made changes to their positions in the business. Sparta 24 Ltd. boosted its position in shares of UP Fintech by 113.7% in the third quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock worth $16,811,000 after acquiring an additional 1,675,296 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of UP Fintech by 52.8% in the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock valued at $4,671,000 after purchasing an additional 384,213 shares during the last quarter. State Street Corp grew its stake in shares of UP Fintech by 4.8% during the 3rd quarter. State Street Corp now owns 742,452 shares of the company’s stock valued at $3,965,000 after buying an additional 34,186 shares during the period. GSA Capital Partners LLP increased its holdings in shares of UP Fintech by 10.1% during the 3rd quarter. GSA Capital Partners LLP now owns 675,961 shares of the company’s stock worth $3,610,000 after buying an additional 62,145 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of UP Fintech by 66.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock worth $1,090,000 after buying an additional 81,300 shares during the period. Institutional investors and hedge funds own 9.03% of the company’s stock.
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.
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