MARA Holdings, Inc. (NASDAQ:MARA) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,157,491 shares of the business services provider's stock after acquiring an additional 378,542 shares during the quarter. Geode Capital Management LLC owned 2.22% of MARA worth $116,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Advocates Investment Management raised its holdings in shares of MARA by 5.2% in the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider's stock valued at $230,000 after acquiring an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. grew its stake in MARA by 6.1% in the second quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider's stock valued at $269,000 after purchasing an additional 780 shares during the last quarter. Larson Financial Group LLC grew its stake in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,062 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in MARA by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider's stock valued at $306,000 after purchasing an additional 1,170 shares during the last quarter. Finally, Signaturefd LLC grew its stake in MARA by 74.8% in the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider's stock valued at $48,000 after purchasing an additional 1,273 shares during the last quarter. 44.53% of the stock is currently owned by institutional investors.

Insider Transactions at MARA

In related news, CEO Frederick G. Thiel sold 27,512 shares of MARA stock in a transaction on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the sale, the chief executive officer now owns 4,278,309 shares of the company's stock, valued at approximately $67,169,451.30. This trade represents a 0.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of MARA stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the sale, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. This represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 181,127 shares of company stock valued at $3,690,624 in the last three months. 0.97% of the stock is currently owned by company insiders.

MARA Stock Performance

Shares of MARA stock traded down $2.99 on Wednesday, hitting $21.61. The company had a trading volume of 53,750,691 shares, compared to its average volume of 56,857,094. The company has a 50-day moving average price of $21.09 and a 200-day moving average price of $19.32. The firm has a market cap of $6.95 billion, a P/E ratio of 27.35 and a beta of 5.63. MARA Holdings, Inc. has a twelve month low of $13.16 and a twelve month high of $34.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The business had revenue of $131.60 million during the quarter, compared to analysts' expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. During the same quarter in the prior year, the firm earned ($0.05) EPS. MARA's revenue for the quarter was up 34.4% on a year-over-year basis. As a group, equities research analysts predict that MARA Holdings, Inc. will post -1.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

MARA has been the topic of several analyst reports. Piper Sandler initiated coverage on MARA in a research note on Tuesday. They issued an "overweight" rating and a $34.00 target price on the stock. Cantor Fitzgerald initiated coverage on MARA in a research note on Thursday, October 10th. They issued an "overweight" rating and a $21.00 target price on the stock. Compass Point lowered MARA from a "buy" rating to a "neutral" rating and lifted their target price for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. Barclays initiated coverage on MARA in a research note on Monday, November 25th. They issued an "equal weight" rating and a $27.00 target price on the stock. Finally, Macquarie upped their price objective on shares of MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $25.50.

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.