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

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of unusually large options trading on Monday. Stock traders acquired 129,282 call options on the company. This represents an increase of approximately 245% compared to the typical daily volume of 37,423 call options.

Analysts Set New Price Targets

Several research firms have weighed in on TIGR. Citigroup reissued a “sell” rating and issued a $5.50 target price (up previously from $5.00) on shares of UP Fintech in a report on Tuesday, October 22nd. China Renaissance raised shares of UP Fintech from a “hold” rating to a “buy” rating and set a $7.58 price objective on the stock in a research note on Thursday, October 24th.

UP Fintech Price Performance

TIGR stock traded up $2.08 on Monday, reaching $8.23. The company had a trading volume of 33,225,387 shares, compared to its average volume of 4,909,504. 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 company’s fifty day moving average is $6.75 and its 200 day moving average is $5.03. The company has a market cap of $1.52 billion, a P/E ratio of 37.80 and a beta of 0.88. UP Fintech has a 1 year low of $3.10 and a 1 year high of $14.48.

Institutional Trading of UP Fintech

A number of large investors have recently made changes to their positions in TIGR. Marshall Wace LLP grew its stake in 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. Sparta 24 Ltd. increased its stake in UP Fintech by 113.7% in the third quarter. Sparta 24 Ltd. now owns 3,148,128 shares of the company’s stock valued at $16,811,000 after purchasing an additional 1,675,296 shares during the last quarter. Quadrature Capital Ltd purchased a new position in UP Fintech during the third quarter worth about $516,000. GAMMA Investing LLC boosted its stake in UP Fintech by 53.6% in the 3rd quarter. GAMMA Investing LLC now owns 6,031 shares of the company’s stock worth $32,000 after buying an additional 2,104 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in UP Fintech in the 2nd quarter valued at about $129,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

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 services.