Jupiter Asset Management Ltd. Buys New Stake in UP Fintech Holding Limited $TIGR

Jupiter Asset Management Ltd. purchased a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,534,300 shares of the company’s stock, valued at approximately $24,456,000. Jupiter Asset Management Ltd. owned 1.37% of UP Fintech as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TIGR. Caitong International Asset Management Co. Ltd boosted its stake in shares of UP Fintech by 205.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 5,094 shares of the company’s stock worth $49,000 after buying an additional 3,427 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of UP Fintech during the 2nd quarter worth approximately $52,000. SBI Securities Co. Ltd. increased its holdings in shares of UP Fintech by 22.7% during the 2nd 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 in the last quarter. Bingham Private Wealth LLC acquired a new position in shares of UP Fintech in the 1st quarter valued at $90,000. Finally, Fox Run Management L.L.C. purchased a new stake in UP Fintech during the second quarter worth $103,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

Analyst Ratings Changes

TIGR has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of UP Fintech from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Jefferies Financial Group initiated coverage on UP Fintech in a report on Monday, September 29th. They issued a “buy” rating and a $12.00 price objective on the stock. UBS Group assumed coverage on UP Fintech in a research report on Thursday, October 23rd. They issued a “buy” rating and a $13.10 price objective for the company. Citigroup raised shares of UP Fintech from a “neutral” rating to a “buy” rating and lifted their price target for the company from $9.50 to $14.00 in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of UP Fintech in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, UP Fintech has an average rating of “Moderate Buy” and a consensus price target of $12.13.

UP Fintech Stock Down 1.4%

Shares of TIGR opened at $10.38 on Thursday. UP Fintech Holding Limited has a 52-week low of $5.36 and a 52-week high of $13.55. The stock has a market cap of $1.92 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.69 and a beta of 0.53. The firm’s fifty day moving average is $10.52 and its two-hundred day moving average is $9.98.

About UP Fintech

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.