MARA Holdings, Inc. (NASDAQ:MARA) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,391,916 shares of the business services provider’s stock after purchasing an additional 37,150 shares during the quarter. Principal Financial Group Inc. owned about 0.43% of MARA worth $22,577,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of MARA by 261.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,236,920 shares of the business services provider’s stock valued at $64,249,000 after purchasing an additional 2,340,472 shares during the last quarter. Bank of New York Mellon Corp grew its stake in MARA by 186.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,039,569 shares of the business services provider’s stock worth $40,485,000 after purchasing an additional 1,327,969 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in MARA in the second quarter valued at approximately $11,920,000. Rhumbline Advisers increased its holdings in MARA by 126.5% in the second quarter. Rhumbline Advisers now owns 786,643 shares of the business services provider’s stock valued at $15,615,000 after buying an additional 439,309 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 378,542 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Insider Activity

In related news, 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 transaction of $303,072.00. Following the completion of the sale, the director now directly owns 142,556 shares of the company’s stock, valued at approximately $3,857,565.36. This trade represents a 7.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the business’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 $392,450.00. Following the completion of the transaction, the chief financial officer now owns 1,836,129 shares in the company, valued at $43,149,031.50. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,615 shares of company stock worth $3,258,686. 0.97% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on MARA shares. Macquarie lifted their price target on MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $21.00 to $25.00 in a report on Thursday, November 21st. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research report on Wednesday, November 13th. Cantor Fitzgerald assumed coverage on MARA in a research note on Thursday, October 10th. They issued an “overweight” rating and a $21.00 target price on the stock. Finally, HC Wainwright restated a “buy” rating and set a $28.00 target price on shares of MARA in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.80.

MARA Trading Up 4.7 %

Shares of MARA stock opened at $20.15 on Thursday. MARA Holdings, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $34.09. The firm’s 50 day moving average price is $21.51 and its two-hundred day moving average price is $19.32. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 25.51 and a beta of 5.63. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22.

MARA (NASDAQ:MARA) last announced its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to analyst estimates of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. On average, analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current 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.