MARA Holdings, Inc. (NASDAQ:MARA) Shares Purchased by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 408.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 746,817 shares of the business services provider's stock after acquiring an additional 599,945 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.22% of MARA worth $12,524,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Capital Advisors Inc. OK acquired a new stake in shares of MARA in the 4th quarter valued at $699,000. Arkadios Wealth Advisors acquired a new position in shares of MARA in the fourth quarter valued at approximately $231,000. Foundations Investment Advisors LLC grew its holdings in MARA by 61.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 111,917 shares of the business services provider's stock valued at $1,877,000 after purchasing an additional 42,494 shares during the period. Charles Schwab Investment Management Inc. grew its stake in MARA by 14.0% during 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 buying an additional 372,094 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in shares of MARA by 17.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 899,004 shares of the business services provider's stock valued at $15,076,000 after purchasing an additional 135,133 shares during the period. Hedge funds and other institutional investors own 44.53% of the company's stock.

Insider Buying and Selling

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,910,843 shares in the company, valued at $65,232,861.24. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now directly owns 1,773,788 shares in the company, valued at approximately $27,156,694.28. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

MARA Price Performance

NASDAQ MARA traded up $0.19 during trading on Monday, hitting $15.95. 58,176,808 shares of the company's stock were exchanged, compared to its average volume of 45,016,766. The company has a market cap of $5.61 billion, a PE ratio of 20.19 and a beta of 6.82. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock's 50 day moving average price is $13.08 and its two-hundred day moving average price is $17.23. MARA Holdings, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $30.28.

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 firm had revenue of $213.88 million for the quarter, compared to analyst estimates of $234.19 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. Research analysts expect that MARA Holdings, Inc. will post -1.04 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Piper Sandler lowered 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. HC Wainwright restated a "buy" rating and set a $28.00 price objective on shares of MARA in a research report on Thursday, April 24th. Rosenblatt Securities started coverage on shares of MARA in a research report on Friday, March 7th. They set a "buy" rating and a $19.00 price objective for the company. Finally, Barclays raised their price target on shares of MARA from $14.00 to $16.00 and gave the stock an "equal weight" rating in a report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, MARA presently has a consensus rating of "Hold" and an average price target of $20.72.

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.