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

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of some unusual options trading on Monday. Investors acquired 79,292 call options on the stock. This is an increase of 62% compared to the average daily volume of 48,984 call options.

Institutional Trading of UP Fintech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of UP Fintech in the 4th quarter valued at $34,000. GAMMA Investing LLC boosted its position in shares of UP Fintech by 53.6% during the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock valued at $32,000 after purchasing an additional 2,104 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new stake in UP Fintech during the fourth quarter worth approximately $91,000. Alliance Wealth Advisors LLC UT acquired a new position in UP Fintech in the fourth quarter valued at approximately $92,000. Finally, Blue Trust Inc. boosted its holdings in shares of UP Fintech by 198.6% during the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company’s stock worth $78,000 after buying an additional 9,748 shares in the last quarter. Institutional investors and hedge funds own 9.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TIGR shares. China Renaissance upgraded UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price target on the stock in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of UP Fintech in a research note on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price objective for the company. Finally, Citigroup reissued a “sell” rating and set a $5.50 price objective (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd.

UP Fintech Price Performance

Shares of NASDAQ:TIGR opened at $7.68 on Tuesday. The firm has a market cap of $1.42 billion, a PE ratio of 38.40 and a beta of 0.86. UP Fintech has a 52 week low of $3.10 and a 52 week high of $14.48. The firm’s fifty day moving average is $6.80 and its 200-day moving average is $5.83. 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 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.