William Blair Investment Management LLC Purchases New Stake in UP Fintech Holding Limited $TIGR

William Blair Investment Management LLC purchased a new stake in shares of UP Fintech Holding Limited (NASDAQ:TIGR) in the 3rd quarter, Holdings Channel reports. The fund purchased 355,392 shares of the company’s stock, valued at approximately $3,792,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its position in shares of UP Fintech by 22.7% in the second quarter. SBI Securities Co. Ltd. now owns 6,382 shares of the company’s stock valued at $62,000 after purchasing an additional 1,179 shares during the period. Jones Financial Companies Lllp raised its holdings in UP Fintech by 11.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,906 shares of the company’s stock valued at $131,000 after acquiring an additional 1,364 shares during the period. Cetera Investment Advisers raised its holdings in UP Fintech by 2.8% in the 2nd quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock valued at $484,000 after acquiring an additional 1,385 shares during the period. Shilanski & Associates Inc. lifted its position in UP Fintech by 5.0% during the third quarter. Shilanski & Associates Inc. now owns 31,033 shares of the company’s stock worth $331,000 after acquiring an additional 1,487 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of UP Fintech by 7.0% during the second quarter. Personal CFO Solutions LLC now owns 30,668 shares of the company’s stock worth $296,000 after acquiring an additional 1,998 shares during the period. 9.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup increased their target price on UP Fintech to $17.50 and gave the stock a “buy” rating in a research note on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $4.73 target price on shares of UP Fintech in a report on Friday, December 5th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.83.

UP Fintech Trading Down 5.1%

Shares of TIGR stock opened at $7.41 on Wednesday. The stock has a market cap of $1.38 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. UP Fintech Holding Limited has a 1 year low of $6.38 and a 1 year high of $13.55. The stock has a 50 day simple moving average of $8.78 and a 200 day simple moving average of $9.71.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08. The firm had revenue of $175.16 million for the quarter, compared to analyst estimates of $132.76 million. UP Fintech had a return on equity of 21.09% and a net margin of 27.42%.During the same quarter last year, the company earned $0.11 EPS.

About UP Fintech

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.