Diversify Wealth Management LLC Makes New Investment in UP Fintech Holding Limited (NASDAQ:TIGR)

Diversify Wealth Management LLC purchased a new position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) during the fourth quarter, Holdings Channel reports. The fund purchased 114,899 shares of the company’s stock, valued at approximately $742,000.

A number of other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake 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 purchasing an additional 2,104 shares in the last quarter. Geode Capital Management LLC lifted its stake in UP Fintech by 5.2% during the third quarter. Geode Capital Management LLC now owns 81,842 shares of the company’s stock worth $437,000 after purchasing an additional 4,082 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in UP Fintech by 38.5% during the third 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. Blue Trust Inc. lifted its stake in UP Fintech by 198.6% during the third quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after purchasing an additional 9,748 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of UP Fintech in the third quarter valued at $121,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TIGR shares. Citigroup restated a “sell” rating and set a $5.50 price target (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a report on Thursday, January 2nd. They issued a “buy” rating and a $9.40 target price on the stock. Finally, 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.

UP Fintech Stock Down 4.7 %

Shares of NASDAQ:TIGR opened at $6.45 on Wednesday. The firm’s 50 day moving average price is $6.40 and its 200 day moving average price is $5.55. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 32.25 and a beta of 0.86. UP Fintech Holding Limited has a fifty-two week low of $3.10 and a fifty-two week high of $14.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30.

UP Fintech Company Profile

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.