Stock Traders Buy Large Volume of Put Options on UP Fintech (NASDAQ:TIGR)

UP Fintech Holding Limited (NASDAQ:TIGR) was the target of unusually large options trading activity on Tuesday. Stock traders bought 32,833 put options on the company. This represents an increase of 132% compared to the typical daily volume of 14,158 put options.

UP Fintech Trading Down 1.7%

Shares of NASDAQ:TIGR traded down $0.11 during mid-day trading on Tuesday, hitting $5.92. The stock had a trading volume of 2,863,770 shares, compared to its average volume of 2,866,482. The company has a market cap of $1.12 billion, a PE ratio of 6.50, a P/E/G ratio of 0.22 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. The company’s 50 day moving average is $6.75 and its 200-day moving average is $8.21. UP Fintech has a 12-month low of $5.81 and a 12-month high of $13.55.

UP Fintech (NASDAQ:TIGR) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. UP Fintech had a net margin of 28.82% and a return on equity of 21.87%. The firm had revenue of $156.54 million for the quarter, compared to analyst estimates of $142.01 million. On average, sell-side analysts predict that UP Fintech will post 0.78 EPS for the current year.

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 investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.83.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Sparta 24 Ltd. boosted its holdings in shares of UP Fintech by 9.1% during the 1st quarter. Sparta 24 Ltd. now owns 5,808,267 shares of the company’s stock worth $36,592,000 after buying an additional 482,607 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in UP Fintech by 66.6% in 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. Capital International Investors bought a new stake in UP Fintech in the 4th quarter valued at $47,855,000. Jupiter Asset Management Ltd. boosted its holdings in UP Fintech by 157.3% in 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 during the period. Finally, Bank of America Corp DE boosted its holdings in 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 valued at $22,025,000 after purchasing an additional 1,257,251 shares during the period. Institutional investors and hedge funds own 9.03% of the company’s stock.

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.