US Bancorp DE Buys 1,505 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

US Bancorp DE boosted its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 73.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,559 shares of the business services provider’s stock after purchasing an additional 1,505 shares during the period. US Bancorp DE’s holdings in MARA were worth $60,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in MARA. Van ECK Associates Corp grew its position in 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 valued at $28,120,000 after buying an additional 570,803 shares during the period. Principal Financial Group Inc. lifted its holdings in 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 purchasing an additional 519,900 shares during the last quarter. Geode Capital Management LLC lifted its holdings in 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 valued at $116,115,000 after purchasing an additional 378,542 shares during the last quarter. Matauro LLC purchased a new stake in MARA during the fourth quarter valued at about $3,676,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in MARA by 8.9% during 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 purchasing an additional 217,106 shares during the last quarter. Institutional investors own 44.53% of the company’s stock.

Insider Activity at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total transaction of $255,677.00. Following the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at $27,156,694.28. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $18.01, for a total transaction of $495,365.05. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 72,710 shares of company stock valued at $1,226,825 over the last three months. 0.80% of the stock is owned by corporate insiders.

MARA Trading Down 1.6 %

Shares of MARA opened at $12.97 on Tuesday. The firm’s 50 day simple moving average is $16.45 and its 200 day simple moving average is $18.21. The company has a market capitalization of $4.49 billion, a P/E ratio of 16.42 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. MARA Holdings, Inc. has a 1-year low of $12.05 and a 1-year high of $30.28.

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

Analyst Ratings Changes

Several research firms have commented on MARA. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and upped their price objective for the company from $21.00 to $25.00 in a report on Thursday, November 21st. JPMorgan Chase & Co. dropped their price objective on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a report on Thursday, February 27th. Piper Sandler dropped their price objective on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, Macquarie increased their price target on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MARA presently has a consensus rating of “Hold” and an average target price of $22.80.

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.