
HC Wainwright restated their buy rating on shares of Bit Digital ( NASDAQ:BTBT – Free Report ) in a research note released on Tuesday, Benzinga reports. The firm currently has a $7.00 target price on the stock. HC Wainwright also issued estimates for Bit Digital’s Q4 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.25) EPS and FY2025 earnings at ($0.28) EPS. Separately, B. Riley initiated coverage on shares of Bit Digital in a research report on Thursday, October 24th. They issued a “buy” rating and a $6.00 price objective for the company. View Our Latest Research Report on Bit Digital Bit Digital Trading Up 11.3 % Hedge Funds Weigh In On Bit Digital Several institutional investors and hedge funds have recently made changes to their positions in BTBT. Crescent Grove Advisors LLC bought a new stake in shares of Bit Digital in the third quarter worth $35,000. Creative Planning bought a new stake in shares of Bit Digital in the 3rd quarter worth about $37,000. Stifel Financial Corp acquired a new stake in shares of Bit Digital in the 3rd quarter valued at about $38,000. Thoroughbred Financial Services LLC bought a new position in shares of Bit Digital during the second quarter worth about $38,000. Finally, Victory Capital Management Inc. grew its stake in Bit Digital by 39.3% in the second quarter. Victory Capital Management Inc. now owns 15,522 shares of the company’s stock worth $49,000 after purchasing an additional 4,380 shares in the last quarter. 47.70% of the stock is currently owned by hedge funds and other institutional investors. Bit Digital Company Profile ( Get 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. Recommended Stories Receive News & Ratings for Bit Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bit Digital and related companies with MarketBeat.com's FREE daily email newsletter .
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TAMPA — K’Andre Miller, back in the lineup as the Rangers returned to action following the NHL’s Christmas break on Saturday night against the Lightning, was hoping things might be different. “I think this could really be the turn to our season,’’ Miller said at the Rangers’ morning skate. “Everybody's rested, everybody's ready to go, and kind of a new mindset.’’ “We've only got one direction to move in,’’ Rangers coach Peter Laviolette added. Apparently not, as the break turned out not to be the catalyst to the reversal of fortune Miller was hoping for. The Lightning scored two power play goals, two shorthanded goals, and chased goalie Igor Shesterkin as they beat the Rangers, 6-2, at Amalie Arena, handing the visitors their third straight loss and 14th in their last 18 games. Brayden Point had two goals and an assist, and the Lightning also got goals from Nikita Kucherov, Anthony Cirelli and ex-Rangers captain Ryan McDonagh. Goaltender Andrei Vasilevskiy made 42 saves and in the middle period, as the Lightning scored three goals against Shesterkin, the home fans chanted, “Vasi’s better!’’ For the Rangers, things could get worse before they get better. Their next game on Monday is against the defending champion Florida Panthers in the finale of the two-game post-Christmas road trip. With 46 points, Florida is 13 points ahead of the Rangers in the Eastern Conference standings. Miller wasn’t the only player returning to the Rangers’ lineup. Left wing Chris Kreider also was back in after being a healthy scratch in the Blueshirts’ last game before the break, the 5-0 loss to the Devils. Kreider took the first shot on goal of the game and totaled six shots. But he was on ice for both shorthanded goals and was a minus-3. In his return, Miller was partnered with the newest Ranger, Will Borgen, in a sort of new-look defense corps. Urho Vaakanainen, the second-newest Ranger, was paired with Braden Schneider, while Adam Fox and Ryan Lindgren remained together on the top defense pair. So much of the game was played on special teams, though. Fourth line center Sam Carrick was called for three minor penalties, and the Lightning scored on two of them (the Rangers scored on the other, a shorthanded effort by Vincent Trocheck). Carrick’s first penalty was a trip of Cam Atkinson 1:46 into the game. Nikita Kucherov made the Rangers pay when he drove the net and tapped in a sweet cross-ice pass from Point. The Rangers shrugged off the bad start, though, and began to take control of the period, badly outshooting the Lightning — at one point the shots were 14-3 — and eventually tying the score, 1-1, on a goal by Artemi Panarin, his 16th of the season, but first in his last eight games, at 9:23. At that point, it looked like the Rangers might begin the turnaround there, but the Lightning’s first shorthanded goal, by McDonagh with 1:49 remaining in the first period, seemed to take the steam out of the visitors. The play started when the struggling Mika Zibanejad fired a shot that Vasilevskiy saved, and Cirelli lifted Kreider’s stick as he tried to get to the rebound, allowing McDonagh to pick up the puck and skate the other way on a three-on-one break. Adam Fox cut off the passing lane, so McDonagh shot the puck from the wing. Shesterkin got plenty of the puck, but it slipped between his stick arm and side and went in — a soft goal — and all the work the Rangers had done to catch up was suddenly moot. Point scored his first goal at 3:35 of the second period, to make it 3-1, and Cirelli’s shorthanded goal made it 4-1 at 5:02. Point jammed in a rebound for his second goal, on the power play at 8:08, to make it 5-1. That one was reviewed to see if there was goaltender interference, but the goal was good, and Laviolette pulled Shesterkin at that point. It was the second time in his last five starts that he was pulled. He allowed five goals on 13 shots. Trocheck’s goal, 13 seconds into the third period, gave the Rangers hope for a little while that perhaps an improbable comeback was possible. But Nick Paul’s goal, at 14:12 of the period, took that hope away. Colin Stephenson covers the Rangers for Newsday. He has spent more than two decades covering the NHL and just about every sports team in the New York metropolitan area.Westchester Capital Management Inc. trimmed its stake in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,967 shares of the information services provider’s stock after selling 2,770 shares during the quarter. Alphabet comprises 4.4% of Westchester Capital Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Westchester Capital Management Inc.’s holdings in Alphabet were worth $18,238,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in shares of Alphabet by 43,005.6% in the third quarter. International Assets Investment Management LLC now owns 18,743,594 shares of the information services provider’s stock valued at $31,086,250,000 after acquiring an additional 18,700,111 shares in the last quarter. SG Americas Securities LLC lifted its position in Alphabet by 587.4% in the third quarter. SG Americas Securities LLC now owns 10,690,326 shares of the information services provider’s stock valued at $1,772,991,000 after purchasing an additional 9,135,056 shares during the period. Capital Research Global Investors lifted its position in Alphabet by 14.4% in the first quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider’s stock valued at $8,724,251,000 after purchasing an additional 7,275,757 shares during the period. Assenagon Asset Management S.A. increased its position in Alphabet by 116.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,670,225 shares of the information services provider’s stock worth $1,437,957,000 after purchasing an additional 4,662,809 shares during the period. Finally, Wulff Hansen & CO. increased its position in Alphabet by 18,810.2% during the 2nd quarter. Wulff Hansen & CO. now owns 4,434,260 shares of the information services provider’s stock worth $807,700,000 after purchasing an additional 4,410,811 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock. Analysts Set New Price Targets A number of analysts recently weighed in on GOOGL shares. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Truist Financial raised their target price on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Evercore ISI upped their price target on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein boosted their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.90. Insider Activity In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total value of $3,975,075.00. Following the completion of the sale, the chief executive officer now owns 2,061,806 shares of the company’s stock, valued at $364,259,266.02. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the sale, the chief accounting officer now owns 29,182 shares in the company, valued at approximately $4,421,948.46. The trade was a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last 90 days, insiders have sold 206,795 shares of company stock valued at $34,673,866. Company insiders own 11.55% of the company’s stock. Alphabet Trading Down 1.7 % Shares of GOOGL opened at $164.76 on Friday. The stock’s fifty day simple moving average is $167.64 and its 200 day simple moving average is $170.36. Alphabet Inc. has a twelve month low of $127.90 and a twelve month high of $191.75. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.02 trillion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03. Alphabet ( NASDAQ:GOOGL – Get Free Report ) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the previous year, the company posted $1.55 EPS. On average, equities research analysts forecast that Alphabet Inc. will post 7.99 earnings per share for the current year. Alphabet Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s payout ratio is currently 10.61%. About Alphabet ( Free Report ) Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. Read More Five stocks we like better than Alphabet Best ESG Stocks: 11 Best Stocks for ESG Investing Tesla Investors Continue to Profit From the Trump Trade Using the MarketBeat Dividend Tax Calculator MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally What Is WallStreetBets and What Stocks Are They Targeting? Netflix Ventures Into Live Sports, Driving Stock Momentum Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. ( NASDAQ:GOOGL – Free Report ). Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter .