SBI Securities Co. Ltd. purchased a new stake in Bit Digital, Inc. (NASDAQ:BTBT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 116,154 shares of the company's stock, valued at approximately $340,000. SBI Securities Co. Ltd. owned approximately 0.08% of Bit Digital as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of BTBT. Van ECK Associates Corp grew its stake in shares of Bit Digital by 25.2% in the third quarter. Van ECK Associates Corp now owns 4,459,689 shares of the company's stock valued at $17,259,000 after acquiring an additional 898,329 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Bit Digital by 192.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 806,631 shares of the company's stock valued at $2,831,000 after acquiring an additional 530,411 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Bit Digital in the third quarter valued at about $1,222,000. SG Americas Securities LLC grew its stake in shares of Bit Digital by 427.6% in the fourth quarter. SG Americas Securities LLC now owns 219,520 shares of the company's stock valued at $643,000 after acquiring an additional 177,911 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Bit Digital in the third quarter valued at about $425,000. 47.70% of the stock is currently owned by institutional investors and hedge funds.
Bit Digital Trading Up 5.8 %
Bit Digital stock traded up $0.14 during trading hours on Friday, reaching $2.54. 18,787,466 shares of the stock were exchanged, compared to its average volume of 17,657,941. The company has a market cap of $389.91 million, a P/E ratio of 42.33 and a beta of 5.13. Bit Digital, Inc. has a twelve month low of $1.76 and a twelve month high of $5.74. The stock has a 50 day moving average of $3.10 and a two-hundred day moving average of $3.50.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on BTBT. Craig Hallum began coverage on shares of Bit Digital in a research note on Tuesday, January 21st. They set a "buy" rating and a $6.00 price objective on the stock. HC Wainwright reiterated a "buy" rating and set a $7.00 price objective on shares of Bit Digital in a research note on Tuesday, November 19th.
View Our Latest Analysis on Bit Digital
Bit Digital Company Profile
(
Free Report)
Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.
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