MARA Holdings, Inc. (NASDAQ:MARA) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 899,004 shares of the business services provider’s stock after acquiring an additional 135,133 shares during the period. Exchange Traded Concepts LLC’s holdings in MARA were worth $15,076,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MARA. Geode Capital Management LLC increased its holdings in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after purchasing an additional 378,542 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of MARA by 261.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock worth $64,249,000 after acquiring an additional 2,340,472 shares during the period. 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. Principal Financial Group Inc. increased its position in MARA by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after purchasing an additional 37,150 shares during the last quarter. Finally, Millennium Management LLC raised its stake in MARA by 12.7% during the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock worth $26,477,000 after purchasing an additional 149,805 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

MARA Stock Performance

Shares of MARA stock opened at $20.11 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 25.35 and a beta of 5.76. The business has a 50-day moving average of $21.37 and a 200 day moving average of $19.09. MARA Holdings, Inc. has a 12 month low of $13.16 and a 12 month high of $34.09.

MARA (NASDAQ:MARA) last announced its quarterly earnings data on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The business had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) EPS. As a group, sell-side analysts forecast that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

Analysts Set New Price Targets

MARA has been the subject of a number of recent analyst reports. Piper Sandler assumed coverage on shares of MARA in a report on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target for the company. B. Riley raised their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays assumed coverage on MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price target on the stock. HC Wainwright reissued a “buy” rating and set a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. Finally, Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.67.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $18.01, for a total transaction of $495,365.05. Following the completion of the sale, the chief executive officer now owns 4,100,585 shares in the company, valued at $73,851,535.85. The trade was a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total transaction of $203,320.00. Following the completion of the transaction, the director now owns 135,756 shares in the company, valued at $4,059,104.40. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,915 shares of company stock worth $2,980,694. Company insiders own 0.97% of the company’s stock.

MARA Company Profile

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.