UP Fintech Holding Limited (NASDAQ:TIGR) Shares Sold by Sparta 24 Ltd.

Sparta 24 Ltd. cut its holdings in UP Fintech Holding Limited (NASDAQ:TIGR) by 21.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,470,967 shares of the company’s stock after selling 677,161 shares during the quarter. UP Fintech accounts for about 19.8% of Sparta 24 Ltd.’s portfolio, making the stock its 3rd biggest position. Sparta 24 Ltd.’s holdings in UP Fintech were worth $15,962,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC raised its holdings in UP Fintech by 53.6% during the third quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after acquiring an additional 2,104 shares in the last quarter. Blue Trust Inc. increased its position in shares of UP Fintech by 198.6% during the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after purchasing an additional 9,748 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of UP Fintech by 38.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after purchasing an additional 4,377 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of UP Fintech in the 4th quarter valued at approximately $119,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of UP Fintech in the third quarter valued at $121,000. Institutional investors own 9.03% of the company’s stock.

UP Fintech Trading Up 8.5 %

Shares of UP Fintech stock opened at $6.77 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day simple moving average of $6.40 and a two-hundred day simple moving average of $5.53. UP Fintech Holding Limited has a 1 year low of $3.10 and a 1 year high of $14.48. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 33.85 and a beta of 0.86.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TIGR shares. Citigroup reaffirmed a “sell” rating and set a $5.50 price target (up from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd. China Renaissance raised shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 target price on the stock in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a report on Thursday, January 2nd. They set a “buy” rating and a $9.40 price target for the company.

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.