UP Fintech Holding Limited (NASDAQ:TIGR - Get Free Report) was the recipient of some unusual options trading on Monday. Investors bought 79,292 call options on the company. This represents an increase of approximately 62% compared to the typical daily volume of 48,984 call options.
Institutional Trading of UP Fintech
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in UP Fintech in the fourth quarter valued at approximately $34,000. GAMMA Investing LLC lifted its stake in shares of UP Fintech by 53.6% during 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. Burns Matteson Capital Management LLC acquired a new stake in UP Fintech in the 4th quarter worth about $91,000. Alliance Wealth Advisors LLC UT acquired a new position in shares of UP Fintech in the 4th quarter valued at approximately $92,000. Finally, Blue Trust Inc. raised its position in shares of UP Fintech by 198.6% in the 3rd quarter. Blue Trust Inc. now owns 14,657 shares of the company's stock valued at $78,000 after buying an additional 9,748 shares in the last quarter. Institutional investors own 9.03% of the company's stock.
UP Fintech Stock Up 1.8 %
NASDAQ:TIGR traded up $0.15 during trading hours on Thursday, reaching $8.47. The company's stock had a trading volume of 7,960,246 shares, compared to its average volume of 5,772,332. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 42.35 and a beta of 0.86. UP Fintech has a one year low of $3.10 and a one year high of $14.48. The business's 50-day moving average is $6.88 and its 200-day moving average is $5.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11.
Wall Street Analyst Weigh In
A number of research firms have recently commented on TIGR. Deutsche Bank Aktiengesellschaft assumed coverage on UP Fintech in a report on Thursday, January 2nd. They set a "buy" rating and a $9.40 price objective for the company. Citigroup reaffirmed a "sell" rating and set a $5.50 price target (up previously from $5.00) on shares of UP Fintech in a research report on Tuesday, October 22nd. Finally, China Renaissance upgraded 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.
View Our Latest Analysis on UP Fintech
About UP Fintech
(
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 services.
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