UP Fintech Target of Unusually Large Options Trading (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 22,033 call options on the stock. This represents an increase of approximately 58% compared to the typical volume of 13,921 call options.

UP Fintech Stock Performance

Shares of TIGR opened at $6.48 on Friday. The firm has a fifty day moving average of $6.81 and a 200-day moving average of $8.27. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 0.24 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 1.12. UP Fintech has a 1 year low of $5.95 and a 1 year high of $13.55.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $156.54 million for the quarter, compared to analysts’ expectations of $142.01 million. UP Fintech had a return on equity of 21.87% and a net margin of 28.82%. As a group, equities analysts anticipate that UP Fintech will post 0.78 earnings per share for the current year.

Institutional Trading of UP Fintech

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital International Investors bought a new stake in UP Fintech during the fourth quarter worth approximately $47,855,000. Jupiter Asset Management Ltd. boosted its stake in UP Fintech by 157.3% during the 4th quarter. Jupiter Asset Management Ltd. now owns 4,216,229 shares of the company’s stock valued at $40,307,000 after purchasing an additional 2,577,459 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of UP Fintech by 66.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,408,122 shares of the company’s stock valued at $57,705,000 after purchasing an additional 2,161,023 shares during the period. National Bank of Canada FI raised its stake in shares of UP Fintech by 450.4% in the 3rd quarter. National Bank of Canada FI now owns 1,976,720 shares of the company’s stock worth $21,092,000 after buying an additional 1,617,600 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of UP Fintech by 122.6% in the 2nd quarter. Bank of America Corp DE now owns 2,282,337 shares of the company’s stock worth $22,025,000 after buying an additional 1,257,251 shares in the last quarter. 9.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.83.

UP Fintech Company Profile

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.