Principal Financial Group Inc. lessened its holdings in IonQ, Inc. (NYSE:IONQ – Free Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,197 shares of the company’s stock after selling 1,393 shares during the period. Principal Financial Group Inc.’s holdings in IonQ were worth $718,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IONQ. Geode Capital Management LLC boosted its stake in shares of IonQ by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,420,152 shares of the company’s stock valued at $38,640,000 after purchasing an additional 199,360 shares in the last quarter. State Street Corp boosted its position in IonQ by 1.8% in the third quarter. State Street Corp now owns 4,260,880 shares of the company’s stock valued at $37,240,000 after buying an additional 75,596 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in IonQ by 9.2% in 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 in the last quarter. Chevy Chase Trust Holdings LLC bought a new stake in IonQ during the fourth quarter worth about $32,060,000. Finally, FMR LLC increased its holdings in shares of IonQ by 7.2% during the third quarter. FMR LLC now owns 612,625 shares of the company’s stock worth $5,354,000 after buying an additional 41,125 shares in the last quarter. Institutional investors own 41.42% of the company’s stock.
IonQ Stock Performance
NYSE IONQ opened at $20.38 on Friday. The stock has a market capitalization of $4.41 billion, a P/E ratio of -25.16 and a beta of 2.50. IonQ, Inc. has a 52 week low of $6.22 and a 52 week high of $54.74. The stock has a fifty day moving average of $36.79 and a 200-day moving average of $25.17.
Insider Activity at IonQ
Analyst Upgrades and Downgrades
IONQ has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $54.00 target price on shares of IonQ in a report on Thursday, February 27th. Craig Hallum boosted their price objective on IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group raised their target price on IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Benchmark cut their price target on IonQ from $50.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, DA Davidson raised shares of IonQ to a “strong-buy” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, IonQ currently has an average rating of “Buy” and an average price target of $44.80.
View Our Latest Research Report on IONQ
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.
Recommended Stories
- Five stocks we like better than IonQ
- How to Invest in the FAANG Stocks
- Investing in Small-Cap AI: Powering the Next Tech Revolution
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Occidental Petroleum Drops to 52-Week Low: Buy, Sell, or Hold?
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Super Micro Computer Is Now NASDAQ Compliant—But Is It a Buy?
Receive News & Ratings for IonQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IonQ and related companies with MarketBeat.com's FREE daily email newsletter.