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

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of some unusual options trading activity on Friday. Traders bought 18,342 call options on the company. This represents an increase of 696% compared to the typical daily volume of 2,304 call options.

Wall Street Analysts Forecast Growth

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

Institutional Trading of UP Fintech

A number of institutional investors and hedge funds have recently made changes to their positions in TIGR. Sparta 24 Ltd. bought a new position in UP Fintech during the 2nd quarter worth $6,186,000. Marshall Wace LLP increased its holdings in shares of UP Fintech by 52.8% in the 2nd quarter. Marshall Wace LLP now owns 1,112,172 shares of the company’s stock worth $4,671,000 after acquiring an additional 384,213 shares during the period. Russell Investments Group Ltd. lifted its position in UP Fintech by 6,367.8% in the 1st quarter. Russell Investments Group Ltd. now owns 453,585 shares of the company’s stock valued at $1,560,000 after purchasing an additional 446,572 shares during the last quarter. GSA Capital Partners LLP boosted its stake in UP Fintech by 19.8% during the 1st 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 period. Finally, Renaissance Technologies LLC grew its position in UP Fintech by 162.7% in the 2nd quarter. Renaissance Technologies LLC now owns 92,441 shares of the company’s stock worth $388,000 after purchasing an additional 57,257 shares during the last quarter. 9.03% of the stock is currently owned by institutional investors and hedge funds.

UP Fintech Stock Performance

Shares of TIGR stock traded down $0.23 on Friday, hitting $4.58. 13,592,085 shares of the stock traded hands, compared to its average volume of 1,079,985. The company has a market capitalization of $718.56 million, a PE ratio of 21.74 and a beta of 0.90. The company’s fifty day moving average is $3.82 and its 200 day moving average is $3.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.15 and a quick ratio of 1.15. UP Fintech has a 1-year low of $3.10 and a 1-year high of $5.72.

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 during the quarter. UP Fintech had a net margin of 8.59% and a return on equity of 5.35%.

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; and account management services.