Stock Traders Buy High Volume of Call Options on UP Fintech (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of some unusual options trading on Monday. Investors purchased 51,944 call options on the company. This is an increase of approximately 44% compared to the average volume of 36,085 call options.

Institutional Investors Weigh In On UP Fintech

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in UP Fintech by 51.5% during the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after acquiring an additional 3,105 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in UP Fintech by 527.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock valued at $30,000 after acquiring an additional 3,901 shares during the last quarter. Geode Capital Management LLC increased its position in UP Fintech by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 81,842 shares of the company’s stock valued at $437,000 after purchasing an additional 4,082 shares during the period. SBI Securities Co. Ltd. bought a new position in UP Fintech during the fourth quarter worth $34,000. Finally, Deutsche Bank AG bought a new position in shares of UP Fintech in the 4th quarter worth about $38,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.

UP Fintech Trading Down 4.1 %

Shares of UP Fintech stock opened at $6.76 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.11 and a current ratio of 1.11. UP Fintech has a 52-week low of $3.10 and a 52-week high of $14.48. The firm has a 50-day moving average of $7.87 and a 200-day moving average of $7.06. The stock has a market cap of $1.25 billion, a PE ratio of 33.80 and a beta of 0.65.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Tuesday, March 18th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The business had revenue of $124.10 million during the quarter, compared to the consensus estimate of $73.60 million.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America began coverage on shares of UP Fintech in a report on Monday, March 17th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a research note on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price objective on the stock. Finally, Citigroup raised UP Fintech from a “sell” rating to a “neutral” rating and raised their price target for the company from $5.80 to $9.50 in a report on Wednesday, March 19th.

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.