Swiss National Bank Has $9.71 Million Position in MARA Holdings, Inc. (NASDAQ:MARA)

Swiss National Bank increased its stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 579,200 shares of the business services provider's stock after purchasing an additional 27,200 shares during the quarter. Swiss National Bank owned approximately 0.17% of MARA worth $9,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MARA. Geode Capital Management LLC raised its stake in MARA by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider's stock valued at $116,115,000 after purchasing an additional 378,542 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of MARA by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider's stock valued at $50,787,000 after buying an additional 372,094 shares in the last quarter. Bank of New York Mellon Corp raised its position in MARA by 8.0% during 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 buying an additional 150,367 shares during the period. Principal Financial Group Inc. lifted its stake in MARA by 37.4% in the 4th quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider's stock worth $32,061,000 after acquiring an additional 519,900 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in MARA by 51.6% during the 4th quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider's stock worth $28,120,000 after acquiring an additional 570,803 shares during the period. Institutional investors and hedge funds own 44.53% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have recently weighed in on MARA. Rosenblatt Securities assumed coverage on MARA in a report on Friday, March 7th. They issued a "buy" rating and a $19.00 target price on the stock. Barclays cut their price target on MARA from $27.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Piper Sandler reduced their price objective on shares of MARA from $34.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. lowered their price objective on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. One 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $22.80.

Insiders Place Their Bets

In related news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now owns 4,100,585 shares in the company, valued at $73,851,535.85. This represents a 0.67 % 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 in the last ninety days. Insiders own 0.80% of the company's stock.

MARA Stock Performance

NASDAQ:MARA traded up $2.23 during mid-day trading on Monday, hitting $14.61. 51,928,936 shares of the company's stock traded hands, compared to its average volume of 45,875,820. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $15.91 and a two-hundred day moving average of $18.11. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 18.49 and a beta of 5.95. MARA Holdings, Inc. has a 12 month low of $12.03 and a 12 month high of $30.28.

MARA (NASDAQ:MARA - Get Free Report) last posted 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. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million during the quarter, compared to analysts' expectations of $187.11 million. On average, equities analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal 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.