Banco Bilbao Vizcaya Argentaria S.A. Purchases New Holdings in Galaxy Digital Inc. $GLXY

Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Galaxy Digital Inc. (NASDAQ:GLXY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 57,409 shares of the company’s stock, valued at approximately $1,256,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC acquired a new stake in shares of Galaxy Digital during the 2nd quarter worth $26,000. Centerpoint Advisors LLC bought a new stake in Galaxy Digital during the second quarter worth about $33,000. DHJJ Financial Advisors Ltd. acquired a new stake in Galaxy Digital during the second quarter worth about $34,000. PNC Financial Services Group Inc. bought a new position in Galaxy Digital in the 2nd quarter valued at about $53,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Galaxy Digital in the 2nd quarter valued at approximately $60,000.

Insider Transactions at Galaxy Digital

In other news, Director Douglas R. Deason purchased 10,000 shares of Galaxy Digital stock in a transaction dated Friday, November 7th. The shares were bought at an average cost of $29.59 per share, for a total transaction of $295,900.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at approximately $295,900. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Medina Rhonda Adams sold 33,333 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $29.83, for a total value of $994,323.39. Following the completion of the transaction, the director directly owned 112,053 shares of the company’s stock, valued at $3,342,540.99. This represents a 22.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,783,333 shares of company stock worth $135,994,323.

Galaxy Digital Stock Performance

Shares of NASDAQ:GLXY opened at $25.04 on Tuesday. The business’s fifty day moving average is $34.61. The firm has a market capitalization of $9.42 billion and a P/E ratio of 20.87. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Galaxy Digital Inc. has a 52-week low of $8.20 and a 52-week high of $45.92.

Analysts Set New Price Targets

Several research firms recently issued reports on GLXY. Weiss Ratings lowered shares of Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, November 10th. Rosenblatt Securities upped their target price on Galaxy Digital from $35.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Wall Street Zen raised Galaxy Digital from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Canaccord Genuity Group boosted their price target on Galaxy Digital from $34.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Benchmark upped their price objective on Galaxy Digital from $40.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.78.

Galaxy Digital Profile

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.