UP Fintech Holding Limited (NASDAQ:TIGR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in UP Fintech Holding Limited (NASDAQ:TIGR) by 42.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,802 shares of the company’s stock after selling 5,033 shares during the period. Rhumbline Advisers’ holdings in UP Fintech were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TIGR. Diversify Wealth Management LLC acquired a new stake in UP Fintech during the 4th quarter worth about $742,000. Virtu Financial LLC acquired a new stake in UP Fintech during the 3rd quarter worth about $539,000. Quadrature Capital Ltd acquired a new stake in UP Fintech during the 3rd quarter worth about $516,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in UP Fintech by 66.2% during 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 purchasing an additional 81,300 shares during the period. Finally, GSA Capital Partners LLP grew its position in 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 purchasing an additional 62,145 shares during the period. 9.03% of the stock is owned by institutional investors and hedge funds.

UP Fintech Price Performance

NASDAQ:TIGR opened at $7.07 on Wednesday. UP Fintech Holding Limited has a 52 week low of $3.10 and a 52 week high of $14.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.31 billion, a PE ratio of 35.35 and a beta of 0.87. The stock’s 50-day moving average price is $7.13 and its 200-day moving average price is $6.40.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target on the 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.