LPL Financial LLC Reduces Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

LPL Financial LLC cut its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 631,872 shares of the business services provider's stock after selling 47,545 shares during the period. LPL Financial LLC owned about 0.19% of MARA worth $10,596,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Beacon Capital Management LLC bought a new position in shares of MARA in the fourth quarter valued at approximately $26,000. Stonehage Fleming Financial Services Holdings Ltd grew its stake in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock valued at $33,000 after purchasing an additional 860 shares during the period. Spire Wealth Management increased its position in shares of MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock valued at $48,000 after purchasing an additional 599 shares during the last quarter. Blue Trust Inc. raised its stake in shares of MARA by 415.6% during the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider's stock worth $56,000 after purchasing an additional 2,693 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of MARA by 73.3% in the 4th quarter. US Bancorp DE now owns 3,559 shares of the business services provider's stock worth $60,000 after buying an additional 1,505 shares during the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following 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 trade represents a 0.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. 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 report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Rosenblatt Securities began coverage on MARA in a research note on Friday, March 7th. They issued a "buy" rating and a $19.00 price objective on the stock. B. Riley raised their target price on MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of MARA in a research report on Thursday, February 27th. One equities research 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 MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $22.80.

MARA Price Performance

NASDAQ:MARA traded up $0.07 during trading hours on Friday, hitting $11.30. The stock had a trading volume of 44,859,943 shares, compared to its average volume of 45,395,607. The company has a 50 day simple moving average of $14.71 and a two-hundred day simple moving average of $17.89. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 14.30 and a beta of 6.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a one year low of $9.82 and a one year high of $30.28.

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