222,050 Shares in MARA Holdings, Inc. (NASDAQ:MARA) Purchased by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd purchased a new stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 222,050 shares of the business services provider's stock, valued at approximately $3,724,000. MARA accounts for approximately 1.1% of Hel Ved Capital Management Ltd's holdings, making the stock its 28th largest holding. Hel Ved Capital Management Ltd owned approximately 0.07% of MARA as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MARA. Wells Fargo & Company MN increased its position in shares of MARA by 46.3% in the 4th quarter. Wells Fargo & Company MN now owns 239,195 shares of the business services provider's stock valued at $4,011,000 after purchasing an additional 75,668 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in shares of MARA by 25.3% during the fourth quarter. Thoroughbred Financial Services LLC now owns 38,675 shares of the business services provider's stock worth $648,000 after acquiring an additional 7,800 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of MARA in the 4th quarter valued at $2,579,000. Centric Wealth Management boosted its stake in MARA by 44.6% during the 4th quarter. Centric Wealth Management now owns 130,101 shares of the business services provider's stock worth $2,182,000 after purchasing an additional 40,100 shares during the period. Finally, Geode Capital Management LLC grew its position in MARA by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider's stock worth $128,755,000 after purchasing an additional 518,503 shares during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

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MARA Trading Down 0.5 %

Shares of MARA stock traded down $0.06 during trading hours on Wednesday, hitting $10.46. 15,778,339 shares of the company were exchanged, compared to its average volume of 45,297,325. 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 Holdings, Inc. has a 1 year low of $9.81 and a 1 year high of $30.28. The firm has a market cap of $3.62 billion, a PE ratio of 13.09 and a beta of 6.10. The firm has a fifty day moving average of $14.25 and a 200 day moving average of $17.81.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings data 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 company had revenue of $214.39 million for 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%. Analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MARA shares. Piper Sandler reduced their target price on shares of MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price objective on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. B. Riley boosted their target price on MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. HC Wainwright reaffirmed a "buy" rating and set a $28.00 price target on shares of MARA in a report on Thursday, February 27th. Finally, Rosenblatt Securities began coverage on shares of MARA in a research report on Friday, March 7th. They set a "buy" rating and a $19.00 price objective for the company. One 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's stock. According to data from MarketBeat, MARA presently has an average rating of "Hold" and an average target price of $22.80.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 of the company's stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock worth $1,226,825 over the last 90 days. Company insiders own 0.80% of the company's stock.

About MARA

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.