California Public Employees Retirement System Decreases Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

California Public Employees Retirement System trimmed its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 27.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 361,275 shares of the business services provider's stock after selling 136,972 shares during the quarter. California Public Employees Retirement System owned about 0.11% of MARA worth $6,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock worth $650,390,000 after purchasing an additional 2,706,271 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider's stock worth $116,115,000 after buying an additional 378,542 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after buying an additional 1,240,354 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of MARA by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock valued at $50,787,000 after buying an additional 372,094 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of MARA during the 4th quarter worth $46,413,000. 44.53% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the sale, the chief executive officer now owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,710 shares of company stock worth $1,226,825. 0.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MARA. Piper Sandler lowered their price target on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. HC Wainwright restated a "buy" rating and issued a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. Rosenblatt Securities assumed coverage on shares of MARA in a research report on Friday, March 7th. They set a "buy" rating and a $19.00 price target on the stock. B. Riley boosted their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Finally, Barclays reduced their target price on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $22.80.

MARA Trading Up 6.6 %

Shares of MARA stock traded up $0.77 during trading hours on Friday, reaching $12.51. The company's stock had a trading volume of 34,860,268 shares, compared to its average volume of 45,510,279. MARA Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28. The stock has a market capitalization of $4.33 billion, a P/E ratio of 15.84 and a beta of 6.10. The firm's fifty day simple moving average is $13.77 and its 200 day simple moving average is $17.69. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

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