Central Asset Investments & Management Holdings HK Ltd Takes $1.36 Million Position in Bitdeer Technologies Group (NASDAQ:BTDR)

Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 62,800 shares of the company’s stock, valued at approximately $1,361,000. Bitdeer Technologies Group comprises 0.8% of Central Asset Investments & Management Holdings HK Ltd’s portfolio, making the stock its 29th biggest holding. Central Asset Investments & Management Holdings HK Ltd owned approximately 0.06% of Bitdeer Technologies Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Bitdeer Technologies Group by 281.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 246,834 shares of the company’s stock valued at $1,933,000 after buying an additional 182,110 shares during the period. Mirabella Financial Services LLP purchased a new stake in Bitdeer Technologies Group in the third quarter valued at approximately $5,872,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Bitdeer Technologies Group in the third quarter valued at approximately $169,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bitdeer Technologies Group during the third quarter worth approximately $220,000. Finally, Centiva Capital LP purchased a new position in Bitdeer Technologies Group during the third quarter worth approximately $91,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BTDR shares. Keefe, Bruyette & Woods initiated coverage on shares of Bitdeer Technologies Group in a research note on Monday, January 27th. They set an “outperform” rating and a $26.50 price objective for the company. Benchmark dropped their price target on Bitdeer Technologies Group from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday. Northland Securities raised their price objective on Bitdeer Technologies Group from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Needham & Company LLC decreased their target price on Bitdeer Technologies Group from $22.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $30.00 price target on shares of Bitdeer Technologies Group in a report on Monday. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bitdeer Technologies Group presently has an average rating of “Buy” and a consensus price target of $21.18.

Bitdeer Technologies Group Stock Up 10.7 %

BTDR opened at $10.25 on Thursday. The firm’s 50 day moving average is $18.60 and its 200-day moving average is $12.79. Bitdeer Technologies Group has a 52-week low of $5.23 and a 52-week high of $26.99. The firm has a market capitalization of $1.15 billion, a P/E ratio of -19.71 and a beta of 2.04.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.