Alliance Wealth Advisors LLC UT Invests $92,000 in UP Fintech Holding Limited (NASDAQ:TIGR)

Alliance Wealth Advisors LLC UT purchased a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,240 shares of the company’s stock, valued at approximately $92,000.

Several other large investors also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in shares of UP Fintech by 110.7% during the 4th quarter. Blue Trust Inc. now owns 30,876 shares of the company’s stock worth $199,000 after purchasing an additional 16,219 shares during the last quarter. Shilanski & Associates Inc. purchased a new position in UP Fintech in the 4th quarter valued at approximately $120,000. Diversify Advisory Services LLC purchased a new position in UP Fintech in the 4th quarter valued at approximately $119,000. Diversify Wealth Management LLC purchased a new position in UP Fintech in the 4th quarter valued at approximately $742,000. Finally, Claro Advisors LLC purchased a new position in UP Fintech in the 4th quarter valued at approximately $238,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Stock Up 7.8 %

Shares of NASDAQ:TIGR opened at $7.22 on Wednesday. The firm has a fifty day moving average price of $6.67 and a two-hundred day moving average price of $5.74. 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. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 36.10 and a beta of 0.86.

Wall Street Analysts Forecast Growth

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

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.