UP Fintech Targets Unusually Large Options Trade (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR – Get Rating ) was the recipient of unusually large options trading on Tuesday. Investors bought 24,440 call options on the stock. This is a 246% increase compared to the typical volume of 7,070 calls.

Institutional investors weigh in on UP Fintech

Hedge funds have recently bought and sold shares in the company. Profund Advisors LLC boosted its holdings in UP Fintech by 7.0% during the second quarter. Profund Advisors LLC now owns 112,607 shares of the company’s stock valued at $530,000 after buying an additional 7,400 shares during the period. First Citizens Bank & Trust Co. purchased a new position in shares of UP Fintech during the first quarter valued at about $245,000. Vontobel Holding Ltd. purchased a new position in shares of UP Fintech during the second quarter valued at about $57,000. Veriti Management LLC bought a new position in shares of UP Fintech during the second quarter valued at about $329,000. Finally, Penserra Capital Management LLC boosted its position in shares of UP Fintech by 21.3% during the first quarter. Penserra Capital Management LLC now owns 128,714 shares of the company’s stock valued at $630,000 after buying an additional 22,564 shares during the last quarter. 4.63% of the share is currently owned by institutional investors.

UP Fintech share down 1.7%

NASDAQ:TIGR traded down $0.06 during trading hours on Tuesday, hitting $3.53. The company’s stock had a trading volume of 78,764 shares, compared to its average volume of 756,751. The company has a market cap of $581.78 million, a price-to-earnings ratio of 89.77 and a beta of 1.07. UP Fintech has a one year low of $2.68 and a one year high of $10.80. The company’s 50-day moving average is $3.52 and its 200-day moving average is $3.93. The company has a debt ratio of 0.35, a gearing ratio of 1.19 and a quick ratio of 1.19.

UP Fintech (NASDAQ:TIGR – Get Rating) last released its quarterly earnings data on Wednesday, September 7th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had a turnover of 53.48 million dollars during the quarter. UP Fintech had a negative return on equity of 2.06% and a net margin of 3.66%.

Changes in analyst ratings

A number of research analysts recently commented on the stock. TheStreet downgraded shares of UP Fintech from a “c-” rating to a “d+” rating in a research report on Monday, July 11th. DBS Vickers initiated coverage on shares of UP Fintech in a report on Monday. They set a “buy” rating on the stock.

About UP Fintech

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UP Fintech Holding Limited offers online brokerage services with a focus on Chinese investors. The company has developed a brokerage platform that allows investors to trade shares, options, warrants and other financial instruments that can be accessed via the APP and website. It offers brokerage and value-added services, including investor education, community engagement and IR platform; and account management services.

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