Universal Beteiligungs und Servicegesellschaft mbH Boosts Stake in Galaxy Digital Inc. $GLXY

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Galaxy Digital Inc. (NASDAQ:GLXY) by 15.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,502 shares of the company’s stock after acquiring an additional 15,148 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Galaxy Digital were worth $3,804,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. CWM LLC grew its stake in shares of Galaxy Digital by 20.8% during the 3rd quarter. CWM LLC now owns 1,419 shares of the company’s stock worth $48,000 after purchasing an additional 244 shares during the period. ORG Partners LLC boosted its holdings in Galaxy Digital by 1,110.0% during the third quarter. ORG Partners LLC now owns 968 shares of the company’s stock worth $36,000 after buying an additional 888 shares in the last quarter. North Star Investment Management Corp. acquired a new position in Galaxy Digital during the third quarter worth about $34,000. Manchester Capital Management LLC purchased a new position in Galaxy Digital in the second quarter valued at about $32,000. Finally, Centerpoint Advisors LLC purchased a new position in Galaxy Digital in the second quarter valued at about $33,000.

Insider Activity

In other news, Director Douglas R. Deason bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average price of $29.59 per share, for a total transaction of $295,900.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at $295,900. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Galaxy Digital Trading Up 6.1%

Shares of GLXY stock opened at $33.18 on Wednesday. The company has a market capitalization of $12.96 billion and a price-to-earnings ratio of 27.65. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $26.62 and a 200 day moving average price of $29.34. Galaxy Digital Inc. has a twelve month low of $8.20 and a twelve month high of $45.92.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $27.00 price target on shares of Galaxy Digital in a research note on Tuesday, January 20th. Canaccord Genuity Group boosted their target price on Galaxy Digital from $34.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Benchmark upped their target price on Galaxy Digital from $40.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Piper Sandler lifted their price target on Galaxy Digital from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. Finally, Citigroup began coverage on shares of Galaxy Digital in a research report on Tuesday, December 9th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Galaxy Digital currently has an average rating of “Buy” and a consensus target price of $46.09.

About Galaxy Digital

Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.

In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.