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

UP Fintech Holding Limited (NASDAQ:TIGR) saw some unusual options trading activity on Tuesday. Investors purchased 71,703 call options on the company. This represents an increase of approximately 88% compared to the average daily volume of 38,050 call options.

Hedge Funds Weigh In On UP Fintech

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 3,105 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of UP Fintech by 527.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $30,000 after purchasing an additional 3,901 shares in the last quarter. Geode Capital Management LLC increased its position in shares of UP Fintech by 5.2% during the 3rd 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 in the last quarter. Asset Management One Co. Ltd. increased its position in shares of UP Fintech by 38.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,733 shares of the company’s stock worth $84,000 after purchasing an additional 4,377 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of UP Fintech during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Trading Down 13.5 %

Shares of TIGR stock opened at $7.09 on Tuesday. UP Fintech has a 52-week low of $3.10 and a 52-week high of $14.48. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 35.45 and a beta of 0.86. 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 firm has a fifty day moving average of $7.10 and a 200-day moving average of $6.14.

Analysts Set New Price Targets

Separately, 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.

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.