Mitsubishi UFJ Financial Group Inc. Purchases New Position in Securitize Holdings $SECZ

Mitsubishi UFJ Financial Group Inc. bought a new stake in shares of Securitize Holdings (NYSE:SECZ – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund bought 650,606 shares of the company’s stock, valued at approximately $9,492,000. Securitize comprises approximately 0.0% of Mitsubishi UFJ Financial Group Inc.’s investment portfolio, making the stock its 3rd largest holding.

Separately, Brighton Jones LLC acquired a new position in shares of Securitize during the third quarter worth $146,000.

Securitize Trading Down 7.4%

Shares of SECZ opened at $8.39 on Friday. Securitize Holdings has a 52 week low of $5.14 and a 52 week high of $17.01. The business has a 50-day moving average of $10.18.

Securitize (NYSE:SECZ – Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.41) earnings per share (EPS) for the quarter. The business had revenue of $18.61 million during the quarter. On average, research analysts predict that Securitize Holdings will post -0.81 EPS for the current fiscal year.

Securitize News Summary

Investors following SECZ have been watching these news items:

Analyst Upgrades and Downgrades

Several analysts have weighed in on SECZ shares. Citigroup raised shares of Securitize from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday. Citizens Jmp upped their target price on Securitize from $15.00 to $17.00 and gave the company a “market outperform” rating in a research report on Friday, October 9th. Weiss Ratings initiated coverage on shares of Securitize in a report on Friday, September 25th. They issued a “sell (d-)” rating on the stock. Wall Street Zen lowered shares of Securitize to a “strong sell” rating in a research note on Saturday, September 5th. Finally, Cantor Fitzgerald initiated coverage on shares of Securitize in a report on Monday, September 21st. They set an “overweight” rating and a $21.20 target price for the company. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.53.

Read Our Latest Stock Analysis on SECZ

Securitize Profile

(Free Report)

Securitize provides technology and regulated financial services for issuing and managing digital securities on blockchain networks. Its platform supports the tokenization of assets such as private fund interests and other securities, along with investor onboarding, compliance, recordkeeping and related lifecycle services. The company also offers infrastructure for secondary trading of digital securities through regulated entities, including broker-dealer and alternative trading system services. Founded in 2017, Securitize has worked with asset managers and financial institutions seeking to bring investment products onto blockchain-based systems.

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Institutional Ownership by Quarter for Securitize (NYSE:SECZ)

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