B. Metzler seel. Sohn & Co. AG Makes New Investment in IonQ, Inc. $IONQ

Key Points

• B. Metzler seel. Sohn & Co. AG bought a new position of 13,900 shares (~$624,000) in IonQ during Q4, and multiple institutions (including RBC, Amundi, AQR and UBS AM) have recently increased or opened positions, leaving about 41.42% of the stock owned by hedge funds and other institutional investors.
• IONQ shares opened at $43.91 with a 50‑day/200‑day moving average of $34.74/$44.66, a 52‑week range of $25.89–$84.64 and a market cap of $16.1B; analysts maintain a consensus "Moderate Buy" with a $68.25 target (10 Buys, 6 Holds, 1 Sell).
• Insider activity was mixed: Robert T. Cardillo sold 5,165 shares at an average of $39.44, while director William J. Teuber Jr. bought 3,000 shares at $38.38, and company insiders now own roughly 5.20% of the stock.

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of IonQ, Inc. (NYSE:IONQ - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,900 shares of the company's stock, valued at approximately $624,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of IONQ. Royal Bank of Canada increased its stake in IonQ by 12.5% during the first quarter. Royal Bank of Canada now owns 134,176 shares of the company's stock worth $2,962,000 after purchasing an additional 14,898 shares during the period. Amundi purchased a new stake in IonQ during the first quarter worth about $630,000. AQR Capital Management LLC increased its stake in IonQ by 106.2% during the first quarter. AQR Capital Management LLC now owns 57,305 shares of the company's stock worth $1,265,000 after purchasing an additional 29,513 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in IonQ by 24.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 450,031 shares of the company's stock worth $9,932,000 after purchasing an additional 87,428 shares during the period. Finally, Focus Partners Wealth increased its stake in IonQ by 30.3% during the first quarter. Focus Partners Wealth now owns 46,782 shares of the company's stock worth $1,032,000 after purchasing an additional 10,881 shares during the period. 41.42% of the stock is currently owned by hedge funds and other institutional investors.

IonQ Stock Performance

IONQ stock opened at $43.91 on Tuesday. The company's 50 day moving average price is $34.74 and its 200 day moving average price is $44.66. IonQ, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $84.64. The firm has a market capitalization of $16.10 billion, a price-to-earnings ratio of -17.64 and a beta of 2.80.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of IonQ from a "sell" rating to a "hold" rating in a research note on Saturday. JPMorgan Chase & Co. cut their price target on shares of IonQ from $47.00 to $42.00 and set a "neutral" rating on the stock in a research note on Thursday, February 26th. Rosenblatt Securities reiterated a "buy" rating and set a $100.00 price target on shares of IonQ in a research note on Thursday, February 26th. Weiss Ratings reiterated a "sell (d-)" rating on shares of IonQ in a research note on Tuesday, April 21st. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of IonQ in a research note on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.25.

Insider Buying and Selling

In related news, insider Robert T. Cardillo sold 5,165 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $39.44, for a total transaction of $203,707.60. Following the sale, the insider directly owned 112,291 shares in the company, valued at approximately $4,428,757.04. This represents a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Teuber, Jr. bought 3,000 shares of the business's stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average price of $38.38 per share, for a total transaction of $115,140.00. Following the completion of the purchase, the director directly owned 9,413 shares of the company's stock, valued at approximately $361,270.94. This trade represents a 46.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 8,581 shares of company stock worth $316,156. Company insiders own 5.20% of the company's stock.

IonQ Profile

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.

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