Matauro LLC Purchases New Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Matauro LLC purchased a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 219,172 shares of the business services provider’s stock, valued at approximately $3,676,000. MARA comprises about 0.8% of Matauro LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other large investors have also recently bought and sold shares of the stock. Van ECK Associates Corp lifted its position in shares of 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 valued at $28,120,000 after buying an additional 570,803 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of MARA by 37.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,911,816 shares of the business services provider’s stock valued at $32,061,000 after buying an additional 519,900 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of MARA by 5.6% in the third quarter. Geode Capital Management LLC now owns 7,157,491 shares of the business services provider’s stock valued at $116,115,000 after buying an additional 378,542 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of MARA by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after buying an additional 217,106 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of MARA by 17.7% in 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 buying an additional 135,133 shares during the last quarter. 44.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price objective on shares of MARA in a research report on Wednesday, December 4th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Macquarie increased their target price on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Piper Sandler assumed coverage on MARA in a research note on Tuesday, December 17th. They set an “overweight” rating and a $34.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, MARA currently has a consensus rating of “Hold” and an average target price of $25.67.

Insider Activity

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the sale, the chief executive officer now owns 4,128,090 shares of the company’s stock, valued at $97,010,115. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jay P. Leupp sold 11,200 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $27.06, for a total value of $303,072.00. Following the sale, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,215 shares of company stock worth $2,540,158. Insiders own 0.80% of the company’s stock.

MARA Trading Down 8.1 %

Shares of MARA opened at $14.66 on Friday. MARA Holdings, Inc. has a 52-week low of $13.16 and a 52-week high of $34.09. The business’s fifty day moving average is $18.42 and its 200-day moving average is $18.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.00 and a current ratio of 4.00. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 18.56 and a beta of 5.76.

MARA Company 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.