Jian Liu Sells 9,333 Shares of UP Fintech (NASDAQ:TIGR) Stock

UP Fintech Holding Limited (NASDAQ:TIGR) Director Jian Liu sold 9,333 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $4.60, for a total transaction of $42,931.80. Following the completion of the sale, the director directly owned 62,665 shares in the company, valued at $288,259. This trade represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

UP Fintech Stock Down 2.7%

Shares of NASDAQ TIGR opened at $4.40 on Wednesday. UP Fintech Holding Limited has a 1 year low of $4.00 and a 1 year high of $13.55. The firm has a 50-day simple moving average of $5.51 and a two-hundred day simple moving average of $7.20. The company has a market cap of $834.68 million, a P/E ratio of 7.33 and a beta of 0.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.10.

Institutional Trading of UP Fintech

A number of large investors have recently modified their holdings of TIGR. Cetera Investment Advisers grew its stake in UP Fintech by 2.8% in the second quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock worth $484,000 after purchasing an additional 1,385 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of UP Fintech in the 2nd quarter worth $4,441,000. Diversify Advisory Services LLC lifted its holdings in shares of UP Fintech by 42.4% in the 2nd quarter. Diversify Advisory Services LLC now owns 54,651 shares of the company’s stock worth $552,000 after buying an additional 16,271 shares during the period. Diversify Wealth Management LLC grew its position in shares of UP Fintech by 29.1% during the 2nd quarter. Diversify Wealth Management LLC now owns 177,706 shares of the company’s stock worth $1,795,000 after buying an additional 40,032 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of UP Fintech by 15.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,274,250 shares of the company’s stock worth $12,297,000 after buying an additional 172,200 shares in the last quarter. Hedge funds and other institutional investors own 9.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup cut their price objective on UP Fintech to $7.10 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Wall Street Zen downgraded UP Fintech from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Bank of America reissued a “buy” rating on shares of UP Fintech in a research note on Monday, June 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, UP Fintech presently has a consensus rating of “Moderate Buy” and an average price target of $9.23.

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.