Frederick G. Thiel Sells 27,505 Shares of MARA Holdings, Inc. (NASDAQ:MARA) Stock

MARA Holdings, Inc. (NASDAQ:MARA) CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total transaction of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MARA Trading Up 1.1 %

Shares of MARA stock traded up $0.17 during mid-day trading on Thursday, hitting $15.95. 20,922,978 shares of the stock were exchanged, compared to its average volume of 34,058,703. MARA Holdings, Inc. has a twelve month low of $13.16 and a twelve month high of $34.09. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 20.19 and a beta of 5.76. The company has a 50-day simple moving average of $18.58 and a 200 day simple moving average of $18.55. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On MARA

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of MARA by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider’s stock worth $650,390,000 after acquiring an additional 2,706,271 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of MARA by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 7,675,994 shares of the business services provider’s stock worth $128,755,000 after acquiring an additional 518,503 shares during the last quarter. American Century Companies Inc. boosted its position in shares of MARA by 44.3% in the fourth quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider’s stock worth $67,749,000 after acquiring an additional 1,240,354 shares during the last quarter. Northern Trust Corp boosted its position in shares of MARA by 18.1% in the fourth quarter. Northern Trust Corp now owns 3,293,531 shares of the business services provider’s stock worth $55,233,000 after acquiring an additional 504,142 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of MARA by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,028,457 shares of the business services provider’s stock worth $50,787,000 after acquiring an additional 372,094 shares during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MARA has been the topic of a number of recent analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target on shares of MARA in a research note on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Piper Sandler assumed coverage on shares of MARA in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. Finally, B. Riley boosted their price objective on shares of MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.