MARA Holdings, Inc. (NASDAQ:MARA) Stock Position Raised by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 155.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,312 shares of the business services provider's stock after buying an additional 67,109 shares during the period. Vontobel Holding Ltd.'s holdings in MARA were worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp grew its position 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 valued at $28,120,000 after buying an additional 570,803 shares during the last quarter. Geode Capital Management LLC increased 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 worth $116,115,000 after purchasing an additional 378,542 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of MARA by 8.9% in 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 purchasing an additional 217,106 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of MARA by 17.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 899,004 shares of the business services provider's stock valued at $15,076,000 after purchasing an additional 135,133 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in MARA by 112.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider's stock worth $3,308,000 after buying an additional 107,963 shares during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now owns 142,556 shares in the company, valued at approximately $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 119,215 shares of company stock valued at $2,540,158. Company insiders own 0.80% of the company's stock.

MARA Price Performance

Shares of MARA stock traded down $1.29 on Friday, hitting $14.66. The company's stock had a trading volume of 35,807,657 shares, compared to its average volume of 34,114,086. The firm has a fifty day moving average price of $18.42 and a 200-day moving average price of $18.53. The company has a market capitalization of $4.98 billion, a P/E ratio of 18.56 and a beta of 5.76. MARA Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MARA. Barclays started coverage on MARA in a research note on Monday, November 25th. They issued an "equal weight" rating and a $27.00 price objective for the company. Needham & Company LLC reiterated a "hold" rating on shares of MARA in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upgraded shares of MARA from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $12.00 to $23.00 in a research note on Tuesday, December 10th. Macquarie upped their target price on shares of MARA from $22.00 to $29.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Finally, Compass Point lowered MARA from a "buy" rating to a "neutral" rating and raised their price target for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $25.67.

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.