UNICOM Systems Inc. Takes Position in IonQ, Inc. (NYSE:IONQ)

UNICOM Systems Inc. bought a new position in IonQ, Inc. (NYSE:IONQ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 433,471 shares of the company's stock, valued at approximately $18,106,000. IonQ makes up approximately 4.4% of UNICOM Systems Inc.'s portfolio, making the stock its 6th biggest holding. UNICOM Systems Inc. owned 0.20% of IonQ at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of IONQ. The Manufacturers Life Insurance Company grew its holdings in shares of IonQ by 16.8% during the second quarter. The Manufacturers Life Insurance Company now owns 115,782 shares of the company's stock valued at $814,000 after buying an additional 16,642 shares during the last quarter. Handelsbanken Fonder AB lifted its position in IonQ by 33.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 69,200 shares of the company's stock valued at $605,000 after acquiring an additional 17,200 shares in the last quarter. Carnegie Investment Counsel purchased a new stake in IonQ during the 3rd quarter valued at $5,036,000. Creative Planning increased its holdings in shares of IonQ by 47.8% in the 3rd quarter. Creative Planning now owns 24,364 shares of the company's stock worth $213,000 after purchasing an additional 7,878 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in shares of IonQ by 49.5% in the third quarter. Vontobel Holding Ltd. now owns 42,562 shares of the company's stock worth $372,000 after purchasing an additional 14,095 shares during the last quarter. 41.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at IonQ

In other IonQ news, CRO Rima Alameddine sold 21,337 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total value of $634,349.01. Following the completion of the sale, the executive now owns 571,321 shares in the company, valued at $16,985,373.33. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Peter Hume Chapman sold 13,106 shares of IonQ stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total transaction of $389,641.38. Following the transaction, the chief executive officer now directly owns 414,363 shares in the company, valued at $12,319,011.99. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,223 shares of company stock worth $1,314,652. 11.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on IONQ. DA Davidson began coverage on IonQ in a research report on Thursday, December 19th. They set a "buy" rating and a $50.00 price objective on the stock. Craig Hallum raised their price target on shares of IonQ from $22.00 to $45.00 and gave the company a "buy" rating in a report on Friday, December 20th. Benchmark boosted their price objective on shares of IonQ from $12.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Needham & Company LLC increased their price objective on shares of IonQ from $13.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their target price on shares of IonQ from $16.00 to $30.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

IonQ Stock Performance

Shares of NYSE IONQ traded down $0.77 during midday trading on Friday, hitting $37.88. 6,880,133 shares of the company's stock traded hands, compared to its average volume of 28,806,535. The firm has a fifty day moving average of $39.70 and a 200 day moving average of $22.89. IonQ, Inc. has a 1 year low of $6.22 and a 1 year high of $54.74. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of -46.67 and a beta of 2.40.

IonQ Profile

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service.