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

UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) was the recipient of some unusual options trading on Tuesday. Investors acquired 42,103 call options on the stock. This represents an increase of approximately 16% compared to the average daily volume of 36,449 call options.

UP Fintech Trading Down 2.4%

Shares of UP Fintech stock traded down $0.26 during midday trading on Friday, reaching $10.57. 4,053,220 shares of the company's stock traded hands, compared to its average volume of 6,219,663. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $1.95 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.03 and a beta of 0.67. The stock has a 50 day moving average of $9.17 and a 200-day moving average of $8.19. UP Fintech has a 12 month low of $3.36 and a 12 month high of $14.48.

UP Fintech (NASDAQ:TIGR - Get Free Report) last announced its earnings results on Friday, May 30th. The company reported $0.20 EPS for the quarter. The company had revenue of $122.61 million during the quarter. UP Fintech had a return on equity of 13.19% and a net margin of 18.11%.

Hedge Funds Weigh In On UP Fintech

A number of institutional investors have recently added to or reduced their stakes in TIGR. Marshall Wace LLP raised its holdings in UP Fintech by 492.4% in the fourth quarter. Marshall Wace LLP now owns 5,599,514 shares of the company's stock worth $36,173,000 after purchasing an additional 4,654,351 shares in the last quarter. Two Sigma Investments LP raised its holdings in UP Fintech by 808.5% in the fourth quarter. Two Sigma Investments LP now owns 1,817,787 shares of the company's stock worth $11,743,000 after purchasing an additional 1,617,702 shares in the last quarter. Millennium Management LLC raised its holdings in UP Fintech by 2,631.2% in the fourth quarter. Millennium Management LLC now owns 1,620,968 shares of the company's stock worth $10,471,000 after purchasing an additional 1,561,617 shares in the last quarter. Sparta 24 Ltd. raised its holdings in UP Fintech by 48.0% in the first quarter. Sparta 24 Ltd. now owns 3,657,104 shares of the company's stock worth $31,415,000 after purchasing an additional 1,186,137 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in UP Fintech in the first quarter worth $9,467,000. Institutional investors own 9.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TIGR. Wall Street Zen upgraded UP Fintech from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Citigroup upgraded UP Fintech from a "neutral" rating to a "buy" rating and upped their target price for the company from $9.50 to $14.00 in a report on Tuesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, UP Fintech currently has an average rating of "Buy" and an average target price of $10.33.

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.