Sparta 24 Ltd. Has $15.96 Million Stock Position in UP Fintech Holding Limited (NASDAQ:TIGR)

Sparta 24 Ltd. trimmed its position in UP Fintech Holding Limited (NASDAQ:TIGR) by 21.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,470,967 shares of the company’s stock after selling 677,161 shares during the period. UP Fintech comprises approximately 19.8% of Sparta 24 Ltd.’s holdings, making the stock its 3rd largest holding. Sparta 24 Ltd. owned about 1.34% of UP Fintech worth $15,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TIGR. Diversify Advisory Services LLC acquired a new stake in shares of UP Fintech during the 4th quarter worth approximately $119,000. Diversify Wealth Management LLC acquired a new stake in UP Fintech during the 4th quarter worth $742,000. Claro Advisors LLC bought a new stake in shares of UP Fintech during the 4th quarter valued at $238,000. GAMMA Investing LLC lifted its stake in shares of UP Fintech by 51.5% in the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock valued at $59,000 after purchasing an additional 3,105 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of UP Fintech by 49.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 75,198 shares of the company’s stock worth $402,000 after purchasing an additional 24,726 shares during the last quarter. 9.03% of the stock is owned by institutional investors and hedge funds.

UP Fintech Stock Up 8.5 %

NASDAQ:TIGR opened at $6.77 on Tuesday. UP Fintech Holding Limited has a 1 year low of $3.10 and a 1 year high of $14.48. The stock has a 50-day moving average price of $6.40 and a two-hundred day moving average price of $5.53. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 33.85 and a beta of 0.86. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TIGR shares. Citigroup reiterated a “sell” rating and issued a $5.50 price objective (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 set a “buy” rating and a $9.40 price objective on the stock. Finally, China Renaissance raised 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 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.