Stock Traders Purchase High Volume of UP Fintech Call Options (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the recipient of some unusual options trading on Tuesday. Traders purchased 71,703 call options on the company. This is an increase of approximately 88% compared to the typical daily volume of 38,050 call options.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a research note on Thursday, January 2nd. They set a “buy” rating and a $9.40 price objective on the stock.

UP Fintech Trading Up 9.5 %

NASDAQ TIGR opened at $7.73 on Thursday. UP Fintech has a 12 month low of $3.10 and a 12 month high of $14.48. The company has a 50-day moving average of $7.10 and a 200-day moving average of $6.17. The company has a market cap of $1.43 billion, a P/E ratio of 38.65 and a beta of 0.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.11 and a quick ratio of 1.11.

Hedge Funds Weigh In On UP Fintech

A number of hedge funds have recently made changes to their positions in TIGR. Tower Research Capital LLC TRC raised its position in shares of UP Fintech by 527.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $30,000 after buying an additional 3,901 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of UP Fintech in the 4th quarter valued at about $34,000. Deutsche Bank AG purchased a new stake in shares of UP Fintech during the 4th quarter worth about $38,000. GAMMA Investing LLC increased its position in UP Fintech by 51.5% during the 4th quarter. GAMMA Investing LLC now owns 9,136 shares of the company’s stock worth $59,000 after purchasing an additional 3,105 shares in the last quarter. Finally, Tairen Capital Ltd acquired a new stake in UP Fintech during the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 9.03% of the company’s stock.

UP Fintech Company Profile

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.