MARA Holdings, Inc. (NASDAQ:MARA) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,782,941 shares of the business services provider's stock after buying an additional 2,706,271 shares during the period. Vanguard Group Inc. owned 11.43% of MARA worth $650,390,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider's stock valued at $43,086,000 after acquiring an additional 217,106 shares during the last quarter. Weiss Asset Management LP acquired a new position in MARA in the 3rd quarter valued at about $1,557,000. Capital Advisors Inc. OK purchased a new stake in shares of MARA in the 4th quarter valued at approximately $699,000. Arkadios Wealth Advisors acquired a new position in MARA in the fourth quarter valued at approximately $231,000. Finally, Foundations Investment Advisors LLC grew its position in MARA by 61.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider's stock worth $1,877,000 after acquiring an additional 42,494 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm's stock in a transaction 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 owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This represents a 0.93 % 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 valued at $1,226,825 in the last quarter. Corporate insiders own 0.80% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MARA shares. Barclays reduced their target price on MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. HC Wainwright reaffirmed a "buy" rating and issued a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. Rosenblatt Securities initiated coverage on shares of MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 target price for the company. Needham & Company LLC reissued a "hold" rating on shares of MARA in a research note on Thursday, February 27th. Finally, B. Riley lifted their target price on shares of MARA from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $22.80.

MARA Stock Up 5.3 %

MARA traded up $0.63 during trading hours on Wednesday, hitting $12.47. 32,937,323 shares of the company's stock were exchanged, compared to its average volume of 38,412,402. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a 12-month low of $11.05 and a 12-month high of $30.28. The firm has a market cap of $4.31 billion, a P/E ratio of 15.78 and a beta of 6.09. The firm has a 50 day moving average of $15.20 and a 200 day moving average of $18.01.

MARA (NASDAQ:MARA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share (EPS) 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 business had revenue of $214.39 million for the quarter, compared to analysts' expectations of $187.11 million. Analysts predict 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.