212,853 Shares in MARA Holdings, Inc. (NASDAQ:MARA) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. bought a new stake in MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, HoldingsChannel.com reports. The firm bought 212,853 shares of the business services provider’s stock, valued at approximately $3,570,000.

Several other large investors also recently made changes to their positions in the company. Geode Capital Management LLC grew 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 acquiring an additional 378,542 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in MARA by 8.9% in the third 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. Bank of New York Mellon Corp increased its stake in MARA by 8.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,040,465 shares of the business services provider’s stock valued at $34,219,000 after acquiring an additional 150,367 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of MARA by 37.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock valued at $32,061,000 after buying an additional 519,900 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of MARA by 51.6% during the fourth quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider’s stock worth $28,120,000 after purchasing an additional 570,803 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $392,450.00. Following the sale, the chief financial officer now owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $646,367.50. Following the completion of the transaction, the chief executive officer now owns 4,128,090 shares in the company, valued at $97,010,115. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,215 shares of company stock worth $2,033,766 over the last 90 days. Company insiders own 0.80% of the company’s stock.

MARA Stock Performance

NASDAQ:MARA opened at $13.92 on Friday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a fifty-two week low of $12.05 and a fifty-two week high of $30.71. The stock has a market cap of $4.72 billion, a PE ratio of 17.62 and a beta of 5.76. The firm’s fifty day simple moving average is $17.52 and its 200-day simple moving average is $18.42.

MARA (NASDAQ:MARA) last posted its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $214.39 million during the quarter, compared to the consensus estimate of $187.11 million. Analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MARA shares. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $23.00 in a report on Tuesday, December 10th. Compass Point downgraded 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 research report on Thursday, November 21st. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Thursday. B. Riley boosted their price target on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Macquarie upped their price target on shares of MARA from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.67.

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.