Blair William & Co. IL Makes New $260,000 Investment in IonQ, Inc. (NYSE:IONQ)

Blair William & Co. IL purchased a new stake in IonQ, Inc. (NYSE:IONQ) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,219 shares of the company’s stock, valued at approximately $260,000.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in IonQ by 1,310.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,468,160 shares of the company’s stock worth $103,095,000 after purchasing an additional 2,293,231 shares during the period. Vanguard Group Inc. lifted its holdings in shares of IonQ by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 21,374,125 shares of the company’s stock valued at $892,797,000 after purchasing an additional 125,144 shares in the last quarter. LPL Financial LLC boosted its position in shares of IonQ by 9.1% during the fourth quarter. LPL Financial LLC now owns 131,846 shares of the company’s stock worth $5,507,000 after buying an additional 10,982 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of IonQ during the fourth quarter worth about $1,616,000. Finally, Sei Investments Co. bought a new stake in IonQ in the 4th quarter valued at approximately $1,255,000. Institutional investors own 41.42% of the company’s stock.

Wall Street Analysts Forecast Growth

IONQ has been the subject of several research reports. The Goldman Sachs Group raised their price target on shares of IonQ from $16.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. DA Davidson upgraded shares of IonQ to a “strong-buy” rating in a research note on Thursday, February 20th. Craig Hallum boosted their price target on shares of IonQ from $22.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Benchmark restated a “buy” rating and issued a $45.00 price objective on shares of IonQ in a report on Monday, March 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $54.00 target price on shares of IonQ in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $44.80.

IonQ Price Performance

Shares of IONQ stock opened at $20.61 on Friday. The stock has a market cap of $4.59 billion, a P/E ratio of -25.44 and a beta of 2.50. The company has a fifty day moving average price of $29.47 and a two-hundred day moving average price of $27.56. IonQ, Inc. has a one year low of $6.22 and a one year high of $54.74.

Insider Activity at IonQ

In other IonQ news, insider Peter Hume Chapman sold 2,000,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $18.72, for a total value of $37,440,000.00. Following the transaction, the insider now directly owns 414,363 shares in the company, valued at $7,756,875.36. The trade was a 82.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Rima Alameddine sold 1,407 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $21.20, for a total transaction of $29,828.40. Following the completion of the transaction, the executive now directly owns 592,615 shares in the company, valued at $12,563,438. The trade was a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,033,166 shares of company stock worth $38,059,593. Insiders own 11.60% of the company’s stock.

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.