UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) shares saw strong trading volume on Tuesday . 725,717 shares traded hands during trading, a decline of 31% from the previous session’s volume of 1,046,585 shares.The stock last traded at $4.22 and had previously closed at $4.48.
Wall Street Analyst Weigh In
Separately, Citigroup dropped their price objective on shares of UP Fintech from $8.01 to $6.22 and set a “buy” rating for the company in a research note on Thursday, March 21st.
Read Our Latest Research Report on UP Fintech
UP Fintech Price Performance
UP Fintech (NASDAQ:TIGR – Get Free Report) last released its earnings results on Wednesday, March 20th. The company reported ($0.01) EPS for the quarter. UP Fintech had a return on equity of 6.88% and a net margin of 11.95%. The firm had revenue of $69.98 million during the quarter.
Institutional Trading of UP Fintech
Institutional investors have recently made changes to their positions in the stock. Walleye Capital LLC acquired a new position in UP Fintech in the 3rd quarter worth $1,886,000. Pathstone Family Office LLC acquired a new position in UP Fintech in the 3rd quarter worth $64,000. Acadian Asset Management LLC acquired a new position in UP Fintech in the 3rd quarter worth $2,896,000. Asset Management One Co. Ltd. raised its stake in shares of UP Fintech by 32.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 14,028 shares of the company’s stock valued at $61,000 after purchasing an additional 3,446 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of UP Fintech in the 3rd quarter valued at about $187,000. 9.03% of the stock is owned by hedge funds and other institutional investors.
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; and account management services.
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