Vanguard Group Inc. Buys 2,706,271 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Vanguard Group Inc. lifted its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 7.5% in the fourth quarter, HoldingsChannel reports. The fund owned 38,782,941 shares of the business services provider’s stock after acquiring an additional 2,706,271 shares during the period. Vanguard Group Inc. owned approximately 0.11% of MARA worth $650,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its position in shares of MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares during the period. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in MARA by 79.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after buying an additional 860 shares during the period. Larson Financial Group LLC increased its stake in MARA by 124.2% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares in the last quarter. New York State Teachers Retirement System raised its holdings in MARA by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 277,256 shares of the business services provider’s stock valued at $4,650,000 after acquiring an additional 1,299 shares during the period. Finally, US Bancorp DE lifted its position in shares of MARA by 73.3% in the fourth quarter. US Bancorp DE now owns 3,559 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 1,505 shares in the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. The trade was 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 accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA 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 of the company’s stock, valued at $73,851,535.85. This trade represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company’s stock.

MARA Trading Down 8.6 %

NASDAQ:MARA opened at $12.47 on Monday. The firm has a 50-day simple moving average of $15.52 and a 200-day simple moving average of $18.07. MARA Holdings, Inc. has a one year low of $12.03 and a one year high of $30.28. The firm has a market cap of $4.31 billion, a P/E ratio of 15.78 and a beta of 5.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00.

MARA (NASDAQ:MARA) last issued its quarterly earnings data 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. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. Equities analysts anticipate that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MARA. Needham & Company LLC reissued a “hold” rating on shares of MARA in a report on Thursday, February 27th. Rosenblatt Securities began coverage on shares of MARA in a report on Friday, March 7th. They set a “buy” rating and a $19.00 price objective for the company. Barclays reduced their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Piper Sandler dropped their price target on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.