Bank of New York Mellon Corp Acquires 150,367 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Bank of New York Mellon Corp grew its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 8.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,040,465 shares of the business services provider’s stock after buying an additional 150,367 shares during the period. Bank of New York Mellon Corp owned approximately 0.60% of MARA worth $34,219,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of MARA during the 3rd quarter worth approximately $26,000. Beacon Capital Management LLC bought a new position in shares of MARA during the 4th quarter worth approximately $26,000. Larson Financial Group LLC boosted its holdings in shares of MARA by 124.2% during the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock worth $31,000 after buying an additional 1,062 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in shares of MARA by 79.3% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock worth $33,000 after buying an additional 860 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of MARA by 26.7% during the 4th quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after buying an additional 599 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the completion of the sale, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at $97,010,115. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the sale, the chief financial officer now directly owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,915 shares of company stock valued at $2,289,443 in the last ninety days. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. B. Riley upped their target price on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Thursday, February 27th. Finally, Rosenblatt Securities assumed coverage on MARA in a research report on Friday. They set a “buy” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, MARA currently has an average rating of “Hold” and an average target price of $23.30.

MARA Trading Up 6.2 %

NASDAQ MARA opened at $16.02 on Friday. The firm has a market capitalization of $5.44 billion, a P/E ratio of 20.28 and a beta of 5.76. The business has a fifty day simple moving average of $17.10 and a 200 day simple moving average of $18.39. MARA Holdings, Inc. has a 12 month low of $12.05 and a 12 month high of $30.28. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The business had revenue of $214.39 million during the quarter, compared to analyst estimates of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. On average, analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

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.