Traders Purchase Large Volume of UP Fintech Put Options (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) saw some unusual options trading on Thursday. Investors acquired 47,791 put options on the stock. This represents an increase of approximately 38% compared to the typical volume of 34,663 put options.

Institutional Trading of UP Fintech

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

UP Fintech Trading Down 4.5 %

NASDAQ TIGR traded down $0.39 on Thursday, hitting $8.26. The company’s stock had a trading volume of 3,557,679 shares, compared to its average volume of 6,539,642. The company’s 50-day moving average is $7.84 and its 200 day moving average is $6.94. The firm has a market cap of $1.53 billion, a PE ratio of 41.30 and a beta of 0.87. UP Fintech has a 1-year low of $3.10 and a 1-year high of $14.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30.

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

Analyst Ratings Changes

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

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.