Wellington Management Group LLP Boosts Position in MARA Holdings, Inc. (NASDAQ:MARA)

Wellington Management Group LLP boosted its position in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 1,726.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 716,430 shares of the business services provider's stock after purchasing an additional 677,199 shares during the quarter. Wellington Management Group LLP owned about 0.21% of MARA worth $12,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MARA. Vanguard Group Inc. lifted its stake in shares of MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock worth $650,390,000 after buying an additional 2,706,271 shares in the last quarter. Geode Capital Management LLC lifted its stake in MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider's stock worth $116,115,000 after purchasing an additional 378,542 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of MARA by 44.3% during the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after purchasing an additional 1,240,354 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of MARA by 14.0% in 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 purchasing an additional 372,094 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of MARA in the fourth quarter valued at approximately $46,413,000. Hedge funds and other institutional investors own 44.53% of the company's stock.

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Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the sale, the chief executive officer now directly owns 4,100,585 shares of the company's stock, valued at approximately $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,710 shares of company stock valued at $1,226,825 in the last 90 days. Company insiders own 0.80% of the company's stock.

MARA Trading Up 6.6 %

Shares of MARA stock traded up $0.77 on Friday, hitting $12.51. The stock had a trading volume of 34,860,268 shares, compared to its average volume of 45,535,686. The company's 50 day moving average price is $13.77 and its 200-day moving average price is $17.69. MARA Holdings, Inc. has a 1 year low of $9.81 and a 1 year high of $30.28. The firm has a market capitalization of $4.33 billion, a P/E ratio of 15.84 and a beta of 6.10. 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 (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million for the quarter, compared to analysts' expectations of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. Analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analyst Ratings Changes

MARA has been the topic of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on shares of MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. B. Riley raised their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Barclays decreased their target price on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Finally, Piper Sandler cut their price target 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $22.80.

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.