Diversify Wealth Management LLC Makes New Investment in UP Fintech Holding Limited (NASDAQ:TIGR)

Diversify Wealth Management LLC acquired a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 114,899 shares of the company’s stock, valued at approximately $742,000. Diversify Wealth Management LLC owned approximately 0.06% of UP Fintech at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in UP Fintech by 53.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after buying an additional 2,104 shares in the last quarter. Blue Trust Inc. grew its position in shares of UP Fintech by 198.6% in the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock valued at $78,000 after purchasing an additional 9,748 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of UP Fintech by 38.5% in the third quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock valued at $84,000 after purchasing an additional 4,377 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of UP Fintech in the third quarter valued at approximately $121,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of UP Fintech in the second quarter valued at approximately $129,000. 9.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

UP Fintech Trading Down 4.7 %

TIGR opened at $6.45 on Wednesday. UP Fintech Holding Limited has a one year low of $3.10 and a one year high of $14.48. The stock has a market capitalization of $1.19 billion, a PE ratio of 32.25 and a beta of 0.86. The business’s 50 day moving average price is $6.40 and its 200 day moving average price is $5.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11.

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.