Galaxy Digital Inc. $GLXY Shares Sold by UBS Group AG

UBS Group AG trimmed its holdings in shares of Galaxy Digital Inc. (NASDAQ:GLXY) by 8.7% during the fourth quarter, Holdings Channel reports. The fund owned 563,102 shares of the company’s stock after selling 53,585 shares during the quarter. UBS Group AG’s holdings in Galaxy Digital were worth $12,591,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GLXY. CWM LLC grew its stake in Galaxy Digital by 20.8% during the 3rd quarter. CWM LLC now owns 1,419 shares of the company’s stock valued at $48,000 after purchasing an additional 244 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Galaxy Digital by 397.4% in the 3rd quarter. Global Retirement Partners LLC now owns 1,890 shares of the company’s stock valued at $64,000 after purchasing an additional 1,510 shares in the last quarter. MCF Advisors LLC purchased a new position in shares of Galaxy Digital during the 3rd quarter valued at approximately $75,000. UMB Bank n.a. acquired a new stake in shares of Galaxy Digital during the third quarter worth approximately $78,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Galaxy Digital during the second quarter worth approximately $80,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GLXY shares. Citigroup upped their price target on shares of Galaxy Digital from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, March 18th. Canaccord Genuity Group reissued a “buy” rating and set a $50.00 price objective on shares of Galaxy Digital in a report on Friday, April 24th. Citizens Jmp reissued a “market outperform” rating and issued a $55.00 target price on shares of Galaxy Digital in a research report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating and issued a $37.00 target price on shares of Galaxy Digital in a research note on Wednesday, April 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $30.00 price target on shares of Galaxy Digital in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.50.

Galaxy Digital Stock Performance

Shares of GLXY opened at $32.04 on Friday. The stock has a market capitalization of $12.47 billion and a PE ratio of -66.75. The business’s fifty day moving average price is $23.53 and its 200 day moving average price is $25.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.70 and a quick ratio of 1.60. Galaxy Digital Inc. has a 12-month low of $16.43 and a 12-month high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last released its earnings results on Tuesday, April 28th. The company reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.10. The firm had revenue of $10.21 billion during the quarter. Galaxy Digital had a negative net margin of 0.54% and a negative return on equity of 2.30%. During the same quarter in the previous year, the firm earned ($0.86) EPS. Equities research analysts forecast that Galaxy Digital Inc. will post -0.32 EPS for the current year.

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.