Headlands Technologies LLC Takes $728,000 Position in UP Fintech Holding Limited $TIGR

Headlands Technologies LLC acquired a new position in UP Fintech Holding Limited (NASDAQ:TIGR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 165,446 shares of the company’s stock, valued at approximately $728,000. Headlands Technologies LLC owned 0.09% of UP Fintech as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Sparta 24 Ltd. grew its holdings in UP Fintech by 9.1% in the 1st quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company’s stock valued at $36,592,000 after buying an additional 482,607 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of UP Fintech by 66.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company’s stock worth $57,705,000 after buying an additional 2,161,023 shares during the last quarter. Capital International Investors bought a new stake in shares of UP Fintech in the fourth quarter valued at approximately $47,855,000. Jupiter Asset Management Ltd. boosted its position in shares of UP Fintech by 157.3% in the fourth quarter. Jupiter Asset Management Ltd. now owns 4,216,229 shares of the company’s stock valued at $40,307,000 after acquiring an additional 2,577,459 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of UP Fintech by 122.6% in the second quarter. Bank of America Corp DE now owns 2,282,337 shares of the company’s stock worth $22,025,000 after acquiring an additional 1,257,251 shares during the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Trading Down 3.2%

Shares of UP Fintech stock opened at $4.88 on Wednesday. UP Fintech Holding Limited has a 52-week low of $4.00 and a 52-week high of $13.42. The firm has a market capitalization of $925.74 million, a PE 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. The company’s fifty day moving average price is $4.80 and its two-hundred day moving average price is $5.85.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TIGR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of UP Fintech in a research note on Monday. Wall Street Zen upgraded shares of UP Fintech from a “sell” rating to a “hold” rating in a research report on Saturday. Bank of America restated a “buy” rating on shares of UP Fintech in a report on Monday, June 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $7.70 price objective on shares of UP Fintech in a research report on Thursday, August 27th. Finally, Citigroup reduced their target price on shares of UP Fintech to $7.10 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Four research 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. Based on data from MarketBeat.com, UP Fintech presently has a consensus rating of “Moderate Buy” and an average price target of $8.16.

Insider Buying and Selling

In other UP Fintech news, Director Jian Liu sold 9,333 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $4.60, for a total transaction of $42,931.80. Following the completion of the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.