Headlands Technologies LLC Makes New Investment in UP Fintech Holding Limited $TIGR

Headlands Technologies LLC bought a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 165,446 shares of the company’s stock, valued at approximately $728,000.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of UP Fintech in the second quarter valued at approximately $33,000. GeoWealth Management LLC bought a new position in UP Fintech in the 4th quarter worth approximately $35,000. Brooklyn Investment Group acquired a new position in UP Fintech during the 4th quarter worth $94,000. Hsbc Holdings PLC acquired a new position in UP Fintech during the 1st quarter worth $67,000. Finally, Quarry LP bought a new position in UP Fintech in the 3rd quarter valued at $121,000. 9.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup lowered their target price on UP Fintech to $7.10 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Wall Street Zen upgraded UP Fintech from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research report on Monday. Bank of America reissued a “buy” rating on shares of UP Fintech in a report on Monday, June 1st. Finally, Jefferies Financial Group restated a “buy” rating and set a $7.70 target price on shares of UP Fintech in a research report on Thursday, August 27th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $8.16.

Insiders Place Their Bets

In other news, Director Jian Liu sold 9,333 shares of UP Fintech stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $4.60, for a total transaction of $42,931.80. Following the transaction, the director directly owned 62,665 shares of the company’s stock, valued at $288,259. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

UP Fintech Stock Performance

Shares of NASDAQ:TIGR opened at $4.88 on Wednesday. The firm’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $5.85. UP Fintech Holding Limited has a fifty-two week low of $4.00 and a fifty-two week high of $13.42. The company has a market capitalization of $925.74 million, a price-to-earnings ratio of 8.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.10.

UP Fintech Company Profile

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.