Marathon Digital Holdings, Inc. $MARA Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) by 9.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,322,618 shares of the business services provider's stock after purchasing an additional 294,161 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.94% of Marathon Digital worth $38,210,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP purchased a new stake in shares of Marathon Digital during the first quarter worth $14,810,000. Price T Rowe Associates Inc. MD increased its position in shares of Marathon Digital by 192.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,897,200 shares of the business services provider's stock worth $31,817,000 after acquiring an additional 1,248,292 shares during the period. Vanguard Group Inc. increased its position in shares of Marathon Digital by 2.7% during the first quarter. Vanguard Group Inc. now owns 39,811,453 shares of the business services provider's stock worth $457,832,000 after acquiring an additional 1,028,512 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Marathon Digital during the fourth quarter worth $13,416,000. Finally, Wellington Management Group LLP increased its position in shares of Marathon Digital by 1,726.2% during the fourth quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider's stock worth $12,015,000 after acquiring an additional 677,199 shares during the period. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $19.52, for a total transaction of $536,897.60. Following the transaction, the chief executive officer owned 3,946,504 shares of the company's stock, valued at approximately $77,035,758.08. This trade represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Salman Hassan Khan sold 34,733 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $15.85, for a total value of $550,518.05. Following the transaction, the chief financial officer directly owned 1,413,298 shares in the company, valued at approximately $22,400,773.30. The trade was a 2.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 127,475 shares of company stock worth $2,219,517. Corporate insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MARA. Piper Sandler upped their price objective on Marathon Digital from $23.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Barclays increased their target price on Marathon Digital from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Compass Point raised Marathon Digital from a "sell" rating to a "neutral" rating and increased their target price for the company from $9.50 to $18.00 in a report on Friday, July 25th. JPMorgan Chase & Co. raised Marathon Digital from a "neutral" rating to an "overweight" rating and increased their target price for the company from $19.00 to $22.00 in a report on Monday, July 28th. Finally, Cantor Fitzgerald increased their target price on Marathon Digital from $34.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.22.

Marathon Digital Stock Performance

Shares of MARA stock opened at $16.09 on Tuesday. The stock's 50-day moving average is $16.60 and its two-hundred day moving average is $15.05. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 14.50 and a beta of 6.24. Marathon Digital Holdings, Inc. has a 1 year low of $9.81 and a 1 year high of $30.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 0.54.

Marathon Digital (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $2.13. The company had revenue of $238.50 million for the quarter, compared to analyst estimates of $212.25 million. Marathon Digital had a negative return on equity of 2.11% and a net margin of 85.02%. The business's quarterly revenue was up 64.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.72) earnings per share. Analysts predict that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current year.

Marathon Digital 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.

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