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

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of unusually large options trading activity on Friday. Stock traders acquired 18,342 call options on the stock. This represents an increase of approximately 696% compared to the typical daily volume of 2,304 call options.

Hedge Funds Weigh In On UP Fintech

Several large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in shares of UP Fintech by 6,367.8% in the first quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock worth $1,560,000 after purchasing an additional 446,572 shares during the period. Virtu Financial LLC grew its position in shares of UP Fintech by 61.3% during the 1st quarter. Virtu Financial LLC now owns 27,169 shares of the company’s stock worth $93,000 after buying an additional 10,329 shares in the last quarter. Cetera Advisors LLC purchased a new position in UP Fintech during the first quarter valued at approximately $117,000. GSA Capital Partners LLP grew its stake in UP Fintech by 19.8% in the first quarter. GSA Capital Partners LLP now owns 280,979 shares of the company’s stock valued at $967,000 after purchasing an additional 46,394 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of UP Fintech during the second quarter worth $78,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

UP Fintech Trading Down 4.8 %

Shares of UP Fintech stock opened at $4.58 on Friday. UP Fintech has a 12-month low of $3.10 and a 12-month high of $5.72. The company has a market cap of $765.50 million, a price-to-earnings ratio of 19.91 and a beta of 0.90. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $3.82 and its 200-day moving average price is $3.96.

UP Fintech (NASDAQ:TIGR) last posted its quarterly earnings results on Friday, August 30th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The business had revenue of $87.44 million for the quarter. UP Fintech had a return on equity of 5.35% and a net margin of 8.59%.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their target price on shares of UP Fintech from $6.49 to $5.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd.

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; and account management services.