Diversify Advisory Services LLC Takes Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Diversify Advisory Services LLC bought a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 18,360 shares of the company’s stock, valued at approximately $119,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its holdings in shares of UP Fintech by 162.7% during the 2nd quarter. Renaissance Technologies LLC now owns 92,441 shares of the company’s stock valued at $388,000 after purchasing an additional 57,257 shares in the last quarter. Marshall Wace LLP raised its holdings in UP Fintech by 52.8% during the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock worth $4,671,000 after buying an additional 384,213 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in UP Fintech in the second quarter valued at approximately $129,000. GAMMA Investing LLC boosted its holdings in shares of UP Fintech by 53.6% in the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock valued at $32,000 after buying an additional 2,104 shares during the period. Finally, Blue Trust Inc. increased its position in shares of UP Fintech by 198.6% during the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after acquiring an additional 9,748 shares in the last quarter. 9.03% of the stock is currently owned by institutional investors.

UP Fintech Trading Up 5.8 %

Shares of NASDAQ:TIGR opened at $6.91 on Friday. The stock has a market capitalization of $1.28 billion, a PE ratio of 34.55 and a beta of 0.86. The company’s 50-day moving average price is $6.46 and its two-hundred day moving average price is $5.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. UP Fintech Holding Limited has a one year low of $3.10 and a one year high of $14.48.

Analyst Upgrades and Downgrades

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

About UP Fintech

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.