Investors Buy High Volume of UP Fintech Call Options (NASDAQ:TIGR)

Posted by Defense World Staff on Aug 30th, 2023

UP Fintech Holding Limited (NASDAQ:TIGR – Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock investors bought 9,673 call options on the stock. This is an increase of approximately 511% compared to the average volume of 1,582 call options.

Institutional Investors Weigh In On UP Fintech

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of UP Fintech by 5.6% during the third quarter. BlackRock Inc. now owns 2,049,388 shares of the company’s stock valued at $6,742,000 after buying an additional 107,812 shares during the last quarter. State Street Corp raised its holdings in shares of UP Fintech by 3.8% during the second quarter. State Street Corp now owns 788,356 shares of the company’s stock valued at $2,239,000 after buying an additional 28,948 shares during the last quarter. BNP Paribas Arbitrage SNC raised its holdings in shares of UP Fintech by 110.1% during the third quarter. BNP Paribas Arbitrage SNC now owns 334,215 shares of the company’s stock valued at $1,100,000 after buying an additional 175,139 shares during the last quarter. Credit Suisse AG raised its holdings in shares of UP Fintech by 5.6% during the second quarter. Credit Suisse AG now owns 217,808 shares of the company’s stock valued at $1,025,000 after buying an additional 11,645 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of UP Fintech by 4.5% during the first quarter. Geode Capital Management LLC now owns 171,707 shares of the company’s stock valued at $572,000 after buying an additional 7,405 shares during the last quarter. Institutional investors own 3.93% of the company’s stock.

UP Fintech Price Performance

TIGR opened at $4.64 on Wednesday. The firm has a market cap of $764.72 million, a price-to-earnings ratio of 66.29 and a beta of 1.37. UP Fintech has a fifty-two week low of $2.31 and a fifty-two week high of $5.79. The company’s 50-day moving average price is $3.35 and its 200 day moving average price is $3.23. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.34.

UP Fintech (NASDAQ:TIGR – Get Free Report) last released its quarterly earnings data on Tuesday, May 30th. The company reported $0.05 earnings per share for the quarter. UP Fintech had a net margin of 4.88% and a return on equity of 2.65%. The firm had revenue of $66.33 million for the quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on TIGR shares. TheStreet raised shares of UP Fintech from a “d+” rating to a “c-” rating in a research report on Friday, July 28th. Daiwa Capital Markets lowered shares of UP Fintech from a “buy” rating to a “hold” rating in a research note on Friday, May 19th.

View Our Latest Report on UP Fintech

UP Fintech Company Profile

(Get Free Report)

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.