US Bancorp DE Acquires 1,505 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

US Bancorp DE boosted its holdings in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 73.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,559 shares of the business services provider’s stock after acquiring an additional 1,505 shares during the quarter. US Bancorp DE’s holdings in MARA were worth $60,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Spire Wealth Management grew its holdings in 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 acquiring an additional 599 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in 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 acquiring an additional 860 shares during the last quarter. Larson Financial Group LLC grew its holdings in 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 acquiring an additional 1,062 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in MARA by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after acquiring an additional 1,170 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its position in shares of MARA by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 277,256 shares of the business services provider’s stock worth $4,650,000 after purchasing an additional 1,299 shares during the period. 44.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company’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 completion of the sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,710 shares of company stock worth $1,226,825. Insiders own 0.80% of the company’s stock.

MARA Stock Down 1.6 %

MARA stock opened at $12.97 on Tuesday. 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 $12.05 and a 12-month high of $30.28. The firm’s fifty day moving average is $16.45 and its 200 day moving average is $18.21. The company has a market capitalization of $4.49 billion, a PE ratio of 16.42 and a beta of 5.95.

MARA (NASDAQ:MARA) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.56. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm had revenue of $214.39 million for the quarter, compared to the consensus estimate of $187.11 million. As a group, sell-side analysts predict that MARA Holdings, Inc. will post -1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MARA shares. Piper Sandler dropped their price target on shares of MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Needham & Company LLC restated a “hold” rating on shares of MARA in a research report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price target on shares of MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $25.00 in a research report on Thursday, November 21st. Finally, Rosenblatt Securities started coverage on shares of MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, MARA has an average rating of “Hold” and an average price target of $22.80.

About MARA

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.