IonQ, Inc. (NYSE:IONQ) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its position in IonQ, Inc. (NYSE:IONQ) by 1,096.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,322 shares of the company’s stock after buying an additional 4,877 shares during the quarter. Jones Financial Companies Lllp’s holdings in IonQ were worth $222,000 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 company. Pathway Financial Advisers LLC bought a new stake in shares of IonQ in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC lifted its stake in shares of IonQ by 421.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the company’s stock worth $27,000 after acquiring an additional 501 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of IonQ in the 4th quarter worth approximately $34,000. City State Bank acquired a new stake in IonQ during the fourth quarter valued at approximately $36,000. Finally, Hemington Wealth Management acquired a new stake in IonQ during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 41.42% of the company’s stock.

IonQ Stock Down 2.5 %

IonQ stock opened at $21.27 on Friday. The stock has a market capitalization of $4.74 billion, a PE ratio of -26.26 and a beta of 2.50. IonQ, Inc. has a twelve month low of $6.22 and a twelve month high of $54.74. The company has a 50 day moving average of $34.47 and a 200-day moving average of $25.61.

Analyst Ratings Changes

Several brokerages recently commented on IONQ. The Goldman Sachs Group upped their price target on shares of IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and set a $54.00 price target on shares of IonQ in a research note on Thursday, February 27th. Craig Hallum upped their price objective on shares of IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Benchmark decreased their price target on shares of IonQ from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, DA Davidson upgraded shares of IonQ to a “strong-buy” rating in a research report on Thursday, February 20th. One investment 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. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $44.80.

Insider Activity

In related news, CRO Rima Alameddine sold 1,407 shares of IonQ stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $21.20, for a total value of $29,828.40. Following the completion of the sale, the executive now owns 592,615 shares of the company’s stock, valued at approximately $12,563,438. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas G. Kramer sold 11,712 shares of IonQ stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $18.57, for a total transaction of $217,491.84. Following the completion of the sale, the chief financial officer now directly owns 944,510 shares of the company’s stock, valued at approximately $17,539,550.70. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,033,166 shares of company stock valued at $38,059,593 over the last ninety days. 11.60% of the stock is currently owned by company insiders.

About IonQ

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.