State of New Jersey Common Pension Fund D Acquires 4,945 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

State of New Jersey Common Pension Fund D increased its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,819 shares of the business services provider’s stock after purchasing an additional 4,945 shares during the period. State of New Jersey Common Pension Fund D’s holdings in MARA were worth $1,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MARA. Geode Capital Management LLC grew its stake in MARA by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock worth $116,115,000 after buying an additional 378,542 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock worth $43,086,000 after acquiring an additional 217,106 shares during the last quarter. Van ECK Associates Corp grew its position in MARA by 51.6% in the fourth quarter. Van ECK Associates Corp now owns 1,676,840 shares of the business services provider’s stock worth $28,120,000 after acquiring an additional 570,803 shares in the last quarter. Principal Financial Group Inc. increased its stake in MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock valued at $22,577,000 after acquiring an additional 37,150 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in MARA by 17.7% during 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 in the last quarter. 44.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. B. Riley upped their price objective on MARA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and upped their target price for the stock from $21.00 to $25.00 in a research note on Thursday, November 21st. Piper Sandler started coverage on shares of MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 price target on the stock. Barclays assumed coverage on shares of MARA in a research note on Monday, November 25th. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of MARA from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $12.00 to $23.00 in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MARA has an average rating of “Hold” and an average target price of $25.67.

MARA Price Performance

Shares of MARA stock opened at $13.89 on Tuesday. The firm has a market cap of $4.71 billion, a PE ratio of 17.58 and a beta of 5.76. The company’s fifty day simple moving average is $18.21 and its two-hundred day simple moving average is $18.54. 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 $13.16 and a 12-month high of $34.09.

Insider Buying and Selling

In other MARA news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the completion of the sale, the chief executive officer now owns 3,910,843 shares in the company, valued at approximately $65,232,861.24. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.90, for a total value of $203,320.00. Following the transaction, the director now directly owns 135,756 shares in the company, valued at $4,059,104.40. This trade represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,015 shares of company stock valued at $2,237,086 over the last ninety days. 0.80% of the stock is owned by insiders.

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.