Equities researchers at Bank of America began coverage on shares of UP Fintech (NASDAQ:TIGR – Get Free Report) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating on the stock.
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on UP Fintech in a research note on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price target on the stock.
Check Out Our Latest Stock Analysis on TIGR
UP Fintech Stock Up 9.1 %
Hedge Funds Weigh In On UP Fintech
Hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of UP Fintech by 66.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 204,100 shares of the company’s stock worth $1,090,000 after purchasing an additional 81,300 shares during the last quarter. Centiva Capital LP bought a new stake in shares of UP Fintech in the 3rd quarter worth approximately $209,000. Quadrature Capital Ltd bought a new stake in shares of UP Fintech in the 3rd quarter worth approximately $516,000. State Street Corp increased its stake in shares of UP Fintech by 4.8% during the third quarter. State Street Corp now owns 742,452 shares of the company’s stock valued at $3,965,000 after buying an additional 34,186 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of UP Fintech during the third quarter valued at approximately $121,000. 9.03% of the stock is owned by institutional investors.
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.
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