Commonwealth Equity Services LLC Boosts Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Commonwealth Equity Services LLC grew its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 35.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,385 shares of the business services provider's stock after buying an additional 27,324 shares during the quarter. Commonwealth Equity Services LLC's holdings in MARA were worth $1,767,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of MARA by 5.6% during the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider's stock valued at $116,115,000 after buying an additional 378,542 shares during the period. Charles Schwab Investment Management Inc. grew its stake in 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 worth $50,787,000 after purchasing an additional 372,094 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in MARA by 8.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,040,465 shares of the business services provider's stock worth $34,219,000 after purchasing an additional 150,367 shares during the period. Principal Financial Group Inc. raised its position in MARA by 37.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider's stock valued at $32,061,000 after purchasing an additional 519,900 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of MARA by 51.6% in 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 buying an additional 570,803 shares during the period. 44.53% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $18.01, for a total value of $495,365.05. Following the transaction, the chief executive officer now directly owns 4,100,585 shares of the company's stock, valued at approximately $73,851,535.85. This represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, March 3rd. The stock was 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 $27,156,694.28. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,710 shares of company stock worth $1,226,825 in the last three months. Corporate insiders own 0.80% of the company's stock.

MARA Stock Up 3.0 %

Shares of MARA traded up $0.34 during midday trading on Tuesday, hitting $11.84. 35,359,024 shares of the company's stock traded hands, compared to its average volume of 45,432,968. 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 stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 14.99 and a beta of 5.95. MARA Holdings, Inc. has a 1 year low of $11.06 and a 1 year high of $30.28. The firm's fifty day moving average is $15.20 and its 200-day moving average is $18.01.

MARA (NASDAQ:MARA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts' consensus estimates 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. As a group, sell-side analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

MARA has been the topic of several research reports. Piper Sandler cut their price target on MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. B. Riley boosted their price target on shares of 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 issued a $28.00 price target on shares of MARA in a research report on Thursday, February 27th. Rosenblatt Securities assumed coverage on shares of MARA in a report on Friday, March 7th. They set a "buy" rating and a $19.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on MARA from $23.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $22.80.

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.