IonQ, Inc. (NYSE:IONQ) Stock Position Cut by Good Life Advisors LLC

Good Life Advisors LLC trimmed its holdings in shares of IonQ, Inc. (NYSE:IONQ - Free Report) by 45.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,724 shares of the company's stock after selling 12,916 shares during the period. Good Life Advisors LLC's holdings in IonQ were worth $657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning lifted its position in shares of IonQ by 47.8% during the third quarter. Creative Planning now owns 24,364 shares of the company's stock worth $213,000 after purchasing an additional 7,878 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of IonQ by 49.5% during the third quarter. Vontobel Holding Ltd. now owns 42,562 shares of the company's stock worth $372,000 after purchasing an additional 14,095 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of IonQ during the third quarter worth $152,000. Impact Partnership Wealth LLC acquired a new position in shares of IonQ during the third quarter worth $89,000. Finally, Yong Rong HK Asset Management Ltd acquired a new position in shares of IonQ during the third quarter worth $3,749,000. 41.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on IONQ shares. The Goldman Sachs Group boosted their target price on shares of IonQ from $16.00 to $30.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Craig Hallum upped their price target on shares of IonQ from $22.00 to $45.00 and gave the company a "buy" rating in a report on Friday, December 20th. Needham & Company LLC upped their price target on shares of IonQ from $13.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Benchmark upped their price target on shares of IonQ from $12.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, DA Davidson raised shares of IonQ to a "strong-buy" rating in a report on Thursday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $33.00.

IonQ Stock Down 5.3 %

IONQ stock traded down $1.78 during trading on Friday, hitting $31.97. 13,893,153 shares of the company's stock traded hands, compared to its average volume of 27,438,236. IonQ, Inc. has a 52 week low of $6.22 and a 52 week high of $54.74. The stock has a fifty day moving average price of $39.93 and a two-hundred day moving average price of $23.85. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of -39.32 and a beta of 2.40.

Insider Buying and Selling at IonQ

In other IonQ news, CEO Peter Hume Chapman sold 13,106 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total transaction of $389,641.38. Following the completion of the sale, the chief executive officer now owns 414,363 shares in the company, valued at $12,319,011.99. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas G. Kramer sold 9,780 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $29.72, for a total transaction of $290,661.60. Following the sale, the chief financial officer now owns 926,114 shares of the company's stock, valued at approximately $27,524,108.08. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,223 shares of company stock worth $1,314,652 over the last 90 days. Insiders own 11.60% of the company's stock.

About IonQ

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service.