Good Life Advisors LLC Sells 12,916 Shares of IonQ, Inc. (NYSE:IONQ)

Good Life Advisors LLC lowered its stake in shares of IonQ, Inc. (NYSE:IONQ - Free Report) by 45.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,724 shares of the company's stock after selling 12,916 shares during the period. Good Life Advisors LLC's holdings in IonQ were worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of IonQ by 9.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,614,034 shares of the company's stock valued at $14,107,000 after buying an additional 135,851 shares during the last quarter. Yong Rong HK Asset Management Ltd bought a new stake in shares of IonQ during the third quarter valued at approximately $3,749,000. Rockefeller Capital Management L.P. increased its position in IonQ by 34.2% in the third quarter. Rockefeller Capital Management L.P. now owns 437,596 shares of the company's stock worth $3,825,000 after purchasing an additional 111,435 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in IonQ during the third quarter valued at $1,631,000. Finally, Prospera Financial Services Inc raised its stake in IonQ by 196.1% during the third quarter. Prospera Financial Services Inc now owns 38,508 shares of the company's stock valued at $337,000 after purchasing an additional 25,502 shares in the last quarter. Institutional investors own 41.42% of the company's stock.

IonQ Stock Performance

IONQ stock traded down $2.01 during mid-day trading on Friday, reaching $31.74. 15,720,912 shares of the stock traded hands, compared to its average volume of 14,630,694. IonQ, Inc. has a one year low of $6.22 and a one year high of $54.74. The stock has a market capitalization of $6.87 billion, a PE ratio of -39.18 and a beta of 2.40. The business has a 50-day moving average price of $39.89 and a two-hundred day moving average price of $24.14.

Insider Buying and Selling at IonQ

In other news, CFO Thomas G. Kramer sold 9,780 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $29.72, for a total value of $290,661.60. Following the transaction, the chief financial officer now directly owns 926,114 shares in the company, valued at approximately $27,524,108.08. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Rima Alameddine sold 21,337 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total transaction of $634,349.01. Following the completion of the transaction, the executive now owns 571,321 shares in the company, valued at approximately $16,985,373.33. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,223 shares of company stock worth $1,314,652 over the last quarter. Insiders own 11.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Benchmark upped their price target on shares of IonQ from $12.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. DA Davidson raised shares of IonQ to a "strong-buy" rating in a research note on Thursday. The Goldman Sachs Group upped their price target on shares of IonQ from $16.00 to $30.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Needham & Company LLC upped their price target on shares of IonQ from $13.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Craig Hallum upped their price target on shares of IonQ from $22.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, December 20th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $33.00.

IonQ Company 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.