Virtu Financial LLC Takes Position in Galaxy Digital Inc. $GLXY

Virtu Financial LLC bought a new stake in Galaxy Digital Inc. (NASDAQ:GLXY) in the 4th quarter, Holdings Channel.com reports. The fund bought 52,803 shares of the company’s stock, valued at approximately $1,181,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Galaxy Digital by 27.5% in the 4th quarter. Vanguard Group Inc. now owns 20,669,893 shares of the company’s stock valued at $462,310,000 after buying an additional 4,463,782 shares during the period. Capital Research Global Investors purchased a new position in shares of Galaxy Digital during the 4th quarter worth about $406,102,000. Invesco Ltd. lifted its holdings in shares of Galaxy Digital by 31.1% during the 4th quarter. Invesco Ltd. now owns 3,082,187 shares of the company’s stock worth $68,918,000 after acquiring an additional 731,215 shares during the period. Geode Capital Management LLC boosted its position in shares of Galaxy Digital by 13.0% in the fourth quarter. Geode Capital Management LLC now owns 2,433,242 shares of the company’s stock worth $54,424,000 after acquiring an additional 279,818 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Galaxy Digital in the second quarter worth approximately $48,452,000.

Analyst Ratings Changes

A number of analysts have recently commented on GLXY shares. Wall Street Zen upgraded Galaxy Digital from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. The Goldman Sachs Group decreased their target price on shares of Galaxy Digital from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Rosenblatt Securities restated a “buy” rating and set a $39.00 price objective on shares of Galaxy Digital in a research note on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating and set a $37.00 price objective on shares of Galaxy Digital in a report on Wednesday, April 29th. Finally, Chardan Capital reiterated a “buy” rating and issued a $35.00 price target on shares of Galaxy Digital in a report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Galaxy Digital presently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Galaxy Digital Stock Performance

NASDAQ:GLXY opened at $34.18 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.94. The firm has a market cap of $13.33 billion and a price-to-earnings ratio of -71.21. Galaxy Digital Inc. has a twelve month low of $16.43 and a twelve month high of $45.92. The company has a 50-day moving average of $28.69 and a 200-day moving average of $25.53.

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

Insider Activity at Galaxy Digital

In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of Galaxy Digital stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $28.77, for a total transaction of $7,192,500.00. Following the completion of the sale, the director owned 1,505,419 shares of the company’s stock, valued at $43,310,904.63. This trade represents a 14.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 51.53% of the company’s stock.

Galaxy Digital Company Profile

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.