Vontobel Holding Ltd. Increases Holdings in IonQ, Inc. (NYSE:IONQ)

Vontobel Holding Ltd. grew its holdings in shares of IonQ, Inc. (NYSE:IONQ - Free Report) by 45.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 62,018 shares of the company's stock after purchasing an additional 19,456 shares during the period. Vontobel Holding Ltd.'s holdings in IonQ were worth $2,593,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Pathway Financial Advisers LLC purchased a new position in IonQ in the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC purchased a new position in IonQ in the 4th quarter worth approximately $34,000. City State Bank purchased a new position in IonQ in the 4th quarter worth approximately $36,000. Hemington Wealth Management purchased a new position in IonQ in the 4th quarter worth approximately $37,000. Finally, Versant Capital Management Inc raised its holdings in IonQ by 1,348.5% in the 4th quarter. Versant Capital Management Inc now owns 956 shares of the company's stock worth $40,000 after acquiring an additional 890 shares during the last quarter. 41.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Thomas G. Kramer sold 9,780 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $29.72, for a total value of $290,661.60. Following the completion of the transaction, the chief financial officer now owns 926,114 shares of the company's stock, valued at approximately $27,524,108.08. This represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Rima Alameddine sold 21,337 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total transaction of $634,349.01. Following the transaction, the executive now directly owns 571,321 shares of the company's stock, valued at $16,985,373.33. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,223 shares of company stock valued at $1,314,652 in the last 90 days. Company insiders own 11.60% of the company's stock.

Wall Street Analysts Forecast Growth

IONQ has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on shares of IonQ in a report on Thursday, December 19th. They issued a "buy" rating and a $50.00 price objective for the company. Craig Hallum boosted their price objective on shares of IonQ from $22.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Needham & Company LLC boosted their target price on shares of IonQ from $13.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their target price on shares of IonQ from $16.00 to $30.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Finally, Benchmark boosted their target price on shares of IonQ from $12.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. One research 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, IonQ has a consensus rating of "Moderate Buy" and an average target price of $33.00.

IonQ Stock Down 1.2 %

IONQ traded down $0.41 during mid-day trading on Thursday, reaching $33.73. 12,990,535 shares of the company traded hands, compared to its average volume of 27,859,053. The stock has a market capitalization of $7.30 billion, a P/E ratio of -41.64 and a beta of 2.40. The company's fifty day moving average price is $39.86 and its 200-day moving average price is $23.78. IonQ, Inc. has a 52-week low of $6.22 and a 52-week high of $54.74.

About IonQ

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.