MARA Holdings, Inc. (NASDAQ:MARA) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC lifted its holdings in MARA Holdings, Inc. (NASDAQ:MARA) by 23.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,086 shares of the business services provider’s stock after purchasing an additional 53,887 shares during the quarter. Private Advisor Group LLC owned about 0.08% of MARA worth $4,697,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in 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 worth $43,086,000 after acquiring an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in MARA by 112.4% in 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 acquiring an additional 107,963 shares during the last quarter. Weiss Asset Management LP purchased a new position in MARA in the 3rd quarter worth $1,557,000. Intech Investment Management LLC purchased a new position in MARA in the 3rd quarter worth $1,107,000. Finally, Public Sector Pension Investment Board raised its stake in MARA by 4.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 624,818 shares of the business services provider’s stock worth $10,135,000 after acquiring an additional 24,300 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

MARA Price Performance

NASDAQ:MARA opened at $14.66 on Friday. 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. The stock has a market capitalization of $4.98 billion, a PE ratio of 18.56 and a beta of 5.76. The stock’s 50-day moving average price is $18.42 and its 200-day moving average price is $18.54.

Insider Activity

In related news, CFO Salman Hassan Khan sold 16,700 shares of MARA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $392,450.00. Following the sale, the chief financial officer now directly 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 SEC, which is accessible through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,215 shares of company stock worth $2,540,158 in the last ninety days. Company insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MARA. 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. JPMorgan Chase & Co. upgraded 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. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Piper Sandler assumed coverage on MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price objective for the company. Finally, Compass Point lowered MARA from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.67.

MARA 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.