Wells Fargo & Company MN Buys 75,668 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Wells Fargo & Company MN boosted its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 46.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,195 shares of the business services provider’s stock after purchasing an additional 75,668 shares during the period. Wells Fargo & Company MN owned about 0.07% of MARA worth $4,011,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MARA. Beacon Capital Management LLC bought a new position in MARA in the fourth quarter worth approximately $26,000. Stonehage Fleming Financial Services Holdings Ltd grew its position in shares of 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 buying an additional 860 shares in the last quarter. Spire Wealth Management increased its stake in shares of MARA by 26.7% during the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock valued at $48,000 after buying an additional 599 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of MARA in the fourth quarter valued at about $50,000. Finally, Blue Trust Inc. lifted its stake in MARA by 415.6% in the fourth quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider’s stock worth $56,000 after acquiring an additional 2,693 shares during the period. 44.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MARA has been the subject of several recent research reports. Barclays reduced their price target on shares of MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Needham & Company LLC restated a “hold” rating on shares of MARA in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price on MARA from $23.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Rosenblatt Securities started coverage on MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 price target for the company. Finally, Piper Sandler dropped their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, MARA currently has a consensus rating of “Hold” and an average price target of $22.80.

Insider Activity at MARA

In other news, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $16.68, for a total value of $458,783.40. Following the transaction, the chief executive officer now directly owns 3,910,843 shares of the company’s stock, valued at approximately $65,232,861.24. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the transaction, the chief financial officer now owns 1,773,788 shares of the company’s stock, valued at approximately $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.

MARA Stock Performance

MARA opened at $12.29 on Tuesday. The company has a market cap of $4.25 billion, a P/E ratio of 15.56 and a beta of 6.10. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $13.28 and its 200-day moving average price is $17.55. MARA Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $30.28.

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

MARA Profile

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.