UP Fintech Sees Unusually Large Options Volume (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of unusually large options trading on Monday. Stock investors bought 129,282 call options on the company. This is an increase of 245% compared to the typical volume of 37,423 call options.

Hedge Funds Weigh In On UP Fintech

Hedge funds and other institutional investors have recently modified their holdings of the business. Sparta 24 Ltd. increased its position in shares of UP Fintech by 113.7% during the third quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock valued at $16,811,000 after acquiring an additional 1,675,296 shares during the last quarter. Marshall Wace LLP grew its stake in UP Fintech by 52.8% in the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock valued at $4,671,000 after purchasing an additional 384,213 shares during the period. State Street Corp increased its position in shares of UP Fintech by 4.8% during the 3rd quarter. State Street Corp now owns 742,452 shares of the company’s stock valued at $3,965,000 after purchasing an additional 34,186 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of UP Fintech by 10.1% during the 3rd quarter. GSA Capital Partners LLP now owns 675,961 shares of the company’s stock worth $3,610,000 after purchasing an additional 62,145 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of UP Fintech by 66.2% in the 3rd 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 buying an additional 81,300 shares during the last quarter. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Stock Up 26.3 %

UP Fintech stock opened at $7.77 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $1.43 billion, a PE ratio of 38.85 and a beta of 0.88. UP Fintech has a fifty-two week low of $3.10 and a fifty-two week high of $14.48. The firm’s 50-day simple moving average is $6.75 and its 200 day simple moving average is $5.03.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup restated a “sell” rating and issued a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. China Renaissance upgraded UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price objective on the stock in a research note on Thursday, October 24th.

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 services.