Barclays PLC trims position in UP Fintech Holding Limited (NASDAQ:TIGR)

Barclays PLC reduced its holdings in UP Fintech Holding Limited (NASDAQ:TIGR – Get Rating ) by 71.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,776 shares of the company’s stock after selling 273,556 shares during the period. Barclays PLC owned about 0.07% of UP Fintech worth $364,000 at the end of the most recent quarter.

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Several other large investors have also made changes to their positions in TIGR. BlackRock Inc. raised its stake in UP Fintech by 2.8% in the first quarter. BlackRock Inc. now owns 1,881,275 shares of the company’s stock valued at $9,218,000 after purchasing an additional 51,577 shares during the last quarter. State Street Corp raised its stake in shares of UP Fintech by 8.2% in the second quarter. State Street Corp now owns 668,565 shares of the company’s stock worth $3,149,000 after purchasing an additional 50,819 shares during the last quarter. Credit Suisse AG raised its stake in UP Fintech by 5.6% during the second quarter. Credit Suisse AG now owns 217,808 shares of the company’s stock worth $1,025,000 after buying an additional 11,645 shares during the period. Sculptor Capital LP purchased a new position in UP Fintech during the second quarter valued at approximately $938,000. Finally, Invesco Ltd. lifted its stake in UP Fintech by 63.6% in the first quarter. Invesco Ltd. now owns 144,835 shares of the company’s stock valued at $710,000 after buying an additional 56,290 shares during the period. 4.39% of the share is owned by hedge funds and other institutional investors.

Wall Street analysts predict growth

Separately, DBS Vickers initiated coverage on shares of UP Fintech in a research note on Monday, October 24th. They set a “buy” rating on the stock.

UP Fintech trades down 0.5%

TIGR stock opened at $3.85 on Wednesday. UP Fintech Holding Limited has a 52-week low of $2.68 and a 52-week high of $7.07. The company has a quick ratio of 1.21, a gearing ratio of 1.22 and a gearing ratio of 0.35. The firm has a market cap of $592.78 million, a P/E ratio of -54.99 and a beta of 1.37. The company’s 50-day simple moving average is $4.32 and its 200-day simple moving average is $4.02.

UP Fintech (NASDAQ:TIGR – Get Rating) last released its quarterly earnings results on Wednesday, November 23rd. The company reported $0.02 in earnings per share for the quarter. UP Fintech had a negative return on equity of 1.89% and a negative net margin of 3.94%. The company had revenue of $55.41 million during the quarter.

UP Fintech Company Profile

(Get rating)

UP Fintech Holding Ltd. is a brokerage firm that provides online brokerage services. The company was founded by Tian Hua Wu in 2014 and is headquartered in Singapore.

Selected stories

Want to see which other hedge funds have TIGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UP Fintech Holding Limited (NASDAQ:TIGR – Get Rating).

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