UP Fintech Holding Limited (NASDAQ:TIGR) is Sparta 24 Ltd.’s 4th Largest Position

Sparta 24 Ltd. increased its position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 113.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,148,128 shares of the company’s stock after acquiring an additional 1,675,296 shares during the period. UP Fintech comprises approximately 15.4% of Sparta 24 Ltd.’s portfolio, making the stock its 4th biggest holding. Sparta 24 Ltd. owned about 1.88% of UP Fintech worth $16,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Wace LLP raised its holdings in UP Fintech by 52.8% during the second quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock valued at $4,671,000 after buying an additional 384,213 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of UP Fintech by 6,367.8% in the first quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock worth $1,560,000 after purchasing an additional 446,572 shares during the period. GSA Capital Partners LLP increased its stake in shares of UP Fintech by 19.8% in the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock worth $967,000 after purchasing an additional 46,394 shares during the period. Renaissance Technologies LLC increased its stake in shares of UP Fintech by 162.7% in the second quarter. Renaissance Technologies LLC now owns 92,441 shares of the company’s stock worth $388,000 after purchasing an additional 57,257 shares during the period. Finally, Cetera Advisors LLC bought a new position in shares of UP Fintech in the first quarter worth about $117,000. 9.03% of the stock is currently owned by hedge funds and other institutional investors.

UP Fintech Stock Performance

NASDAQ:TIGR opened at $6.05 on Thursday. UP Fintech Holding Limited has a 1 year low of $3.10 and a 1 year high of $14.48. The firm has a 50 day moving average of $5.24 and a 200-day moving average of $4.47. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $949.18 million, a P/E ratio of 35.59 and a beta of 0.93.

UP Fintech (NASDAQ:TIGR) last posted its earnings results on Friday, August 30th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). UP Fintech had a net margin of 8.59% and a return on equity of 5.35%. The firm had revenue of $87.44 million during the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. China Renaissance upgraded UP Fintech from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup reaffirmed a “sell” rating and set a $5.50 price objective (up from $5.00) on shares of UP Fintech in a report on Tuesday.

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.