UP Fintech Holding Limited (NASDAQ:TIGR) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in UP Fintech Holding Limited (NASDAQ:TIGR) by 49.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,198 shares of the company’s stock after purchasing an additional 24,726 shares during the quarter. JPMorgan Chase & Co.’s holdings in UP Fintech were worth $402,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TIGR. Virtu Financial LLC purchased a new stake in shares of UP Fintech in the third quarter valued at about $539,000. Geode Capital Management LLC increased its position in UP Fintech by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 81,842 shares of the company’s stock valued at $437,000 after acquiring an additional 4,082 shares during the period. Public Employees Retirement System of Ohio acquired a new position in UP Fintech in the 3rd quarter valued at about $121,000. State Street Corp raised its stake in 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 acquiring an additional 34,186 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in UP Fintech during the 3rd quarter worth approximately $516,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TIGR. Citigroup reissued a “sell” rating and issued a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of UP Fintech in a research note on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price objective on the stock. Finally, China Renaissance upgraded shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price for the company in a research note on Thursday, October 24th.

UP Fintech Stock Performance

Shares of TIGR stock opened at $6.82 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. UP Fintech Holding Limited has a 12-month low of $3.10 and a 12-month high of $14.48. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 34.10 and a beta of 0.86. The stock has a 50 day simple moving average of $6.55 and a 200-day simple moving average of $5.65.

UP Fintech 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.