Shares of UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $5.28, but opened at $5.13. UP Fintech shares last traded at $5.07, with a volume of 173,546 shares trading hands.
Wall Street Analysts Forecast Growth
TIGR has been the subject of a number of research analyst reports. TheStreet raised shares of UP Fintech from a “d+” rating to a “c-” rating in a research report on Friday, July 28th. Citigroup upped their price objective on shares of UP Fintech from $6.32 to $7.37 in a research report on Wednesday, August 30th. Finally, Daiwa Capital Markets raised shares of UP Fintech from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 5th.
UP Fintech Price Performance
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of UP Fintech by 5.6% during the third quarter. BlackRock Inc. now owns 2,049,388 shares of the company’s stock worth $6,742,000 after buying an additional 107,812 shares in the last quarter. State Street Corp grew its stake in shares of UP Fintech by 3.8% during the second quarter. State Street Corp now owns 788,356 shares of the company’s stock valued at $2,239,000 after purchasing an additional 28,948 shares during the last quarter. BNP Paribas Arbitrage SNC grew its stake in shares of UP Fintech by 110.1% during the third quarter. BNP Paribas Arbitrage SNC now owns 334,215 shares of the company’s stock valued at $1,100,000 after purchasing an additional 175,139 shares during the last quarter. Credit Suisse AG grew its stake in shares of UP Fintech by 5.6% during the second quarter. Credit Suisse AG now owns 217,808 shares of the company’s stock valued at $1,025,000 after purchasing an additional 11,645 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of UP Fintech by 4.5% during the first quarter. Geode Capital Management LLC now owns 171,707 shares of the company’s stock valued at $572,000 after purchasing an additional 7,405 shares during the last quarter. Institutional investors and hedge funds own 3.93% of the company’s stock.
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; and account management services.
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