JPMorgan Chase & Co. Sells 1,334,173 Shares of UP Fintech Holding Limited $TIGR

JPMorgan Chase & Co. decreased its position in shares of UP Fintech Holding Limited (NASDAQ:TIGR) by 53.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,161,454 shares of the company’s stock after selling 1,334,173 shares during the quarter. JPMorgan Chase & Co.’s holdings in UP Fintech were worth $12,393,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. raised its holdings in UP Fintech by 21.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,737 shares of the company’s stock worth $83,000 after acquiring an additional 1,355 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in UP Fintech by 11.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 12,906 shares of the company’s stock valued at $131,000 after purchasing an additional 1,364 shares during the last quarter. Cetera Investment Advisers boosted its stake in UP Fintech by 2.8% during the 2nd quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock valued at $484,000 after purchasing an additional 1,385 shares during the last quarter. Shilanski & Associates Inc. boosted its stake in UP Fintech by 5.0% during the 3rd quarter. Shilanski & Associates Inc. now owns 31,033 shares of the company’s stock valued at $331,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of UP Fintech in the 2nd quarter worth $33,000. Institutional investors own 9.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TIGR shares. Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research note on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “sell” rating and set a $4.73 price objective on shares of UP Fintech in a research report on Friday, December 5th. Finally, Citigroup lifted their price objective on UP Fintech to $17.50 and gave the stock a “buy” rating in a report on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.83.

UP Fintech Stock Down 2.1%

Shares of UP Fintech stock opened at $6.07 on Friday. UP Fintech Holding Limited has a twelve month low of $6.06 and a twelve month high of $13.55. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $7.85 and its 200 day moving average is $9.12. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 6.67, a price-to-earnings-growth ratio of 0.22 and a beta of 0.43.

UP Fintech (NASDAQ:TIGR) last announced its earnings results on Thursday, March 19th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $156.54 million during the quarter, compared to analyst estimates of $142.01 million. UP Fintech had a net margin of 28.82% and a return on equity of 21.87%.

UP Fintech 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.