Wellington Management Group LLP Buys 677,199 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Wellington Management Group LLP raised its position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 1,726.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 716,430 shares of the business services provider's stock after purchasing an additional 677,199 shares during the quarter. Wellington Management Group LLP owned 0.21% of MARA worth $12,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital Advisors Inc. OK bought a new stake in MARA during the fourth quarter valued at approximately $699,000. Charles Schwab Investment Management Inc. raised its position in 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 period. Van ECK Associates Corp boosted its stake in shares of MARA by 51.6% during the 4th quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider's stock worth $28,120,000 after acquiring an additional 570,803 shares during the last quarter. Rhumbline Advisers grew its position in shares of MARA by 6.6% during the 4th quarter. Rhumbline Advisers now owns 834,057 shares of the business services provider's stock valued at $13,987,000 after acquiring an additional 51,643 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of MARA by 589.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,962 shares of the business services provider's stock worth $69,000 after purchasing an additional 3,387 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company's stock.

MARA Price Performance

MARA stock traded up $0.34 during midday trading on Wednesday, hitting $15.67. The company's stock had a trading volume of 50,773,906 shares, compared to its average volume of 45,184,727. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a 12 month low of $9.81 and a 12 month high of $30.28. The company has a 50 day moving average of $13.74 and a two-hundred day moving average of $16.79. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 19.84 and a beta of 6.82.

MARA (NASDAQ:MARA - Get Free Report) last issued its earnings results on Thursday, May 8th. The business services provider reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). The company had revenue of $213.88 million for the quarter, compared to the consensus estimate of $234.19 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA's revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 EPS. On average, analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Insider Buying and Selling at MARA

In other news, Director Douglas K. Mellinger sold 3,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $16.00, for a total transaction of $48,000.00. Following the completion of the transaction, the director now directly owns 176,859 shares in the company, valued at approximately $2,829,744. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick G. Thiel sold 55,010 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $15.00, for a total transaction of $825,150.00. Following the completion of the sale, the chief executive officer now owns 4,146,804 shares in the company, valued at $62,202,060. This represents a 1.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,615 shares of company stock valued at $2,067,284 in the last 90 days. Insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MARA. JPMorgan Chase & Co. lowered their target price on MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. HC Wainwright reaffirmed a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, April 24th. Needham & Company LLC reissued a "hold" rating on shares of MARA in a report on Thursday, February 27th. Piper Sandler decreased their target price on shares of MARA from $30.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Barclays lifted their price target on shares of MARA from $14.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.83.

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.