Virtu Financial LLC Sells 19,154 Shares of UP Fintech Holding Limited (NASDAQ:TIGR)

Virtu Financial LLC trimmed its position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,868 shares of the company’s stock after selling 19,154 shares during the period. Virtu Financial LLC’s holdings in UP Fintech were worth $529,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in UP Fintech during the fourth quarter valued at about $34,000. GAMMA Investing LLC grew its position in shares of UP Fintech by 51.5% during the fourth quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after purchasing an additional 3,105 shares in the last quarter. Burns Matteson Capital Management LLC bought a new stake in UP Fintech during the 4th quarter valued at approximately $91,000. Alliance Wealth Advisors LLC UT purchased a new position in UP Fintech in the 4th quarter worth approximately $92,000. Finally, Truist Financial Corp purchased a new stake in UP Fintech during the 4th quarter valued at approximately $116,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on TIGR shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of UP Fintech in a research report on Thursday, January 2nd. They set a “buy” rating and a $9.40 target price for the company. Citigroup upgraded UP Fintech from a “sell” rating to a “neutral” rating and raised their price objective for the company from $5.80 to $9.50 in a research report on Wednesday, March 19th. Finally, Bank of America assumed coverage on UP Fintech in a research report on Monday, March 17th. They issued a “buy” rating on the stock.

UP Fintech Price Performance

TIGR stock opened at $9.01 on Wednesday. UP Fintech Holding Limited has a 52 week low of $3.10 and a 52 week high of $14.48. The firm has a market capitalization of $1.66 billion, a P/E ratio of 45.05 and a beta of 0.87. The company has a fifty day simple moving average of $7.57 and a two-hundred day simple moving average of $6.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30.

UP Fintech (NASDAQ:TIGR) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. UP Fintech had a net margin of 9.14% and a return on equity of 6.09%. The firm had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million.

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.