Creative Planning Has $549,000 Stake in Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Creative Planning grew its holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA) by 17.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,864 shares of the business services provider’s stock after purchasing an additional 4,974 shares during the quarter. Creative Planning’s holdings in Marathon Digital were worth $549,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Marathon Digital by 1.9% in the first quarter. Vanguard Group Inc. now owns 23,915,042 shares of the business services provider’s stock valued at $540,002,000 after purchasing an additional 441,455 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Marathon Digital by 261.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after buying an additional 2,340,472 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Marathon Digital by 186.6% in the second quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock valued at $40,485,000 after buying an additional 1,327,969 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Marathon Digital by 4,394.8% in the second quarter. Principal Financial Group Inc. now owns 1,354,766 shares of the business services provider’s stock valued at $26,892,000 after buying an additional 1,324,625 shares during the period. Finally, Millennium Management LLC lifted its stake in Marathon Digital by 12.7% during the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock worth $26,477,000 after purchasing an additional 149,805 shares during the period. 44.53% of the stock is owned by institutional investors and hedge funds.

Marathon Digital Stock Performance

NASDAQ:MARA opened at $16.24 on Wednesday. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $4.78 billion, a P/E ratio of 10.41 and a beta of 5.52. The firm has a 50 day moving average of $16.44 and a 200-day moving average of $18.42. Marathon Digital Holdings, Inc. has a 1 year low of $8.39 and a 1 year high of $34.09.

Insider Activity at Marathon Digital

In related news, CEO Frederick G. Thiel sold 27,512 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $15.70, for a total value of $431,938.40. Following the completion of the sale, the chief executive officer now owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Marathon Digital news, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total transaction of $481,337.50. Following the completion of the sale, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick G. Thiel sold 27,512 shares of Marathon Digital stock in a transaction on Friday, September 20th. The stock was sold at an average price of $15.70, for a total transaction of $431,938.40. Following the sale, the chief executive officer now directly owns 4,278,309 shares of the company’s stock, valued at $67,169,451.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,417 shares of company stock valued at $1,516,536 over the last quarter. Corporate insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Macquarie assumed coverage on shares of Marathon Digital in a research note on Tuesday, September 24th. They set an “outperform” rating and a $22.00 price target for the company. HC Wainwright restated a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a research note on Thursday, October 10th. B. Riley raised their price target on shares of Marathon Digital from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Cantor Fitzgerald assumed coverage on shares of Marathon Digital in a research note on Thursday, October 10th. They set an “overweight” rating and a $21.00 price target for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of Marathon Digital from $14.00 to $12.00 and set an “underweight” rating for the company in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.43.

About Marathon Digital

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.