SBI Securities Co. Ltd. Purchases Shares of 212,853 MARA Holdings, Inc. (NASDAQ:MARA)

SBI Securities Co. Ltd. acquired a new stake in MARA Holdings, Inc. (NASDAQ:MARA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 212,853 shares of the business services provider's stock, valued at approximately $3,570,000. SBI Securities Co. Ltd. owned 0.06% of MARA as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MARA. Truvestments Capital LLC acquired a new stake in MARA in the 3rd quarter valued at about $26,000. Beacon Capital Management LLC bought a new stake in shares of MARA in the 4th quarter worth approximately $26,000. Larson Financial Group LLC lifted its stake in MARA by 124.2% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider's stock valued at $31,000 after purchasing an additional 1,062 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in MARA by 79.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider's stock worth $33,000 after buying an additional 860 shares in the last quarter. Finally, Spire Wealth Management grew its position in MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider's stock worth $48,000 after buying an additional 599 shares during the last quarter. Institutional investors own 44.53% of the company's stock.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business's 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 completion of the sale, the chief financial officer now directly owns 1,773,788 shares of the company's stock, valued at $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the transaction, the chief executive officer now owns 4,128,090 shares in the company, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,915 shares of company stock worth $2,289,443 over the last 90 days. 0.80% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on MARA. HC Wainwright reiterated a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, February 27th. Macquarie upped their target price on MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Piper Sandler dropped 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. JPMorgan Chase & Co. upgraded MARA from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $12.00 to $23.00 in a report on Tuesday, December 10th. Finally, B. Riley raised their target price on shares of MARA from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, MARA currently has a consensus rating of "Hold" and an average price target of $23.78.

MARA Stock Up 8.2 %

Shares of MARA stock traded up $1.15 during trading on Wednesday, hitting $15.12. 48,622,941 shares of the company were exchanged, compared to its average volume of 47,235,383. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 19.14 and a beta of 5.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The business's 50-day simple moving average is $17.28 and its 200 day simple moving average is $18.43. MARA Holdings, Inc. has a twelve month low of $12.05 and a twelve month high of $30.28.

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

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.