Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Holdings in Galaxy Digital Inc. $GLXY

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Galaxy Digital Inc. (NASDAQ:GLXY) by 15.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,502 shares of the company’s stock after buying an additional 15,148 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Galaxy Digital were worth $3,804,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. CWM LLC purchased a new stake in Galaxy Digital in the second quarter valued at $26,000. Manchester Capital Management LLC acquired a new stake in shares of Galaxy Digital during the second quarter worth about $32,000. Centerpoint Advisors LLC purchased a new stake in shares of Galaxy Digital in the 2nd quarter valued at about $33,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Galaxy Digital in the 2nd quarter valued at about $34,000. Finally, North Star Investment Management Corp. purchased a new position in Galaxy Digital during the 3rd quarter worth approximately $34,000.

Galaxy Digital Stock Performance

NASDAQ:GLXY opened at $33.18 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $12.96 billion and a price-to-earnings ratio of 27.65. The firm’s fifty day moving average price is $26.62 and its 200 day moving average price is $29.34. Galaxy Digital Inc. has a 1-year low of $8.20 and a 1-year high of $45.92.

Analysts Set New Price Targets

A number of brokerages have weighed in on GLXY. Citizens Jmp began coverage on Galaxy Digital in a research note on Tuesday, December 9th. They issued a “market outperform” rating and a $60.00 price objective for the company. Benchmark lifted their target price on shares of Galaxy Digital from $40.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Piper Sandler upped their price target on shares of Galaxy Digital from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Rosenblatt Securities raised their price objective on shares of Galaxy Digital from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Galaxy Digital in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Galaxy Digital has an average rating of “Buy” and a consensus target price of $46.09.

Insider Buying and Selling at Galaxy Digital

In other news, Director Douglas R. Deason purchased 10,000 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $29.59 per share, for a total transaction of $295,900.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at $295,900. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.