Geode Capital Management LLC Buys 518,503 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Geode Capital Management LLC boosted its position in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,675,994 shares of the business services provider's stock after acquiring an additional 518,503 shares during the period. Geode Capital Management LLC owned 2.26% of MARA worth $128,755,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of MARA by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock valued at $650,390,000 after buying an additional 2,706,271 shares during the last quarter. American Century Companies Inc. boosted its stake in MARA by 44.3% during the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock valued at $67,749,000 after purchasing an additional 1,240,354 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 worth $50,787,000 after purchasing an additional 372,094 shares in the last quarter. Norges Bank purchased a new stake in shares of MARA in the fourth quarter worth approximately $46,413,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of MARA by 8.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,040,465 shares of the business services provider's stock valued at $34,219,000 after purchasing an additional 150,367 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company's stock.

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Insider Buying and Selling

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,710 shares of company stock valued at $1,226,825. 0.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. HC Wainwright reiterated a "buy" rating and set a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. B. Riley upped their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Finally, Barclays decreased their price objective on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. One equities 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $22.80.

MARA Stock Performance

Shares of MARA stock traded up $0.77 on Friday, reaching $12.51. 34,860,268 shares of the company traded hands, compared to its average volume of 45,510,279. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market capitalization of $4.33 billion, a PE ratio of 15.84 and a beta of 6.10. The company has a 50 day moving average of $13.77 and a 200 day moving average of $17.69. MARA Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $30.28.

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

MARA Company 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.