Banco Bilbao Vizcaya Argentaria S.A. Has $1.57 Million Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 388.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,583 shares of the business services provider's stock after buying an additional 71,229 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in MARA were worth $1,567,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MARA. Beacon Capital Management LLC acquired a new position in shares of MARA in the 4th quarter worth $26,000. Sterling Capital Management LLC raised its stake in shares of MARA by 358.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,824 shares of the business services provider's stock worth $31,000 after purchasing an additional 1,426 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its position in MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after acquiring an additional 860 shares in the last quarter. Spire Wealth Management lifted its stake in shares of MARA by 26.7% in the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after purchasing an additional 599 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of MARA in the fourth quarter worth about $50,000. Institutional investors own 44.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Rosenblatt Securities assumed coverage on shares of MARA in a research report on Friday, March 7th. They issued a "buy" rating and a $19.00 price target for the company. Piper Sandler cut their price objective on MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Barclays reduced their target price on MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Finally, HC Wainwright reiterated a "buy" rating and set a $28.00 price target on shares of MARA in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.80.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company's stock.

MARA Trading Up 1.5 %

NASDAQ:MARA traded up $0.21 during mid-day trading on Tuesday, hitting $14.22. The company had a trading volume of 37,322,144 shares, compared to its average volume of 45,072,896. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a market cap of $4.92 billion, a P/E ratio of 18.00 and a beta of 6.10. The business's fifty day moving average is $13.01 and its two-hundred day moving average is $17.47. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28.

MARA (NASDAQ:MARA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. The firm had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. As a group, research analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

MARA Profile

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.