Wellington Management Group LLP Buys 4,334 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

Wellington Management Group LLP raised its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,231 shares of the business services provider’s stock after purchasing an additional 4,334 shares during the period. Wellington Management Group LLP’s holdings in MARA were worth $636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in MARA. Dimensional Fund Advisors LP boosted its stake in MARA by 261.1% during 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 last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of MARA by 8.9% during the 3rd 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 acquiring an additional 217,106 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of MARA 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 purchasing an additional 1,327,969 shares in the last quarter. Principal Financial Group Inc. increased its position in MARA by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after purchasing an additional 37,150 shares during the last quarter. Finally, Millennium Management LLC raised its stake in MARA by 12.7% during the second quarter. Millennium Management LLC now owns 1,333,856 shares of the business services provider’s stock valued at $26,477,000 after purchasing an additional 149,805 shares in the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.

MARA Stock Down 2.0 %

NASDAQ:MARA opened at $19.96 on Friday. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 25.27 and a beta of 5.63. MARA Holdings, Inc. has a twelve month low of $13.16 and a twelve month high of $34.09. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $21.40 and a 200-day simple moving average of $19.35.

MARA (NASDAQ:MARA) last released its quarterly earnings data 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 analysts’ expectations of $140.26 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. MARA’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period last year, the firm earned ($0.05) earnings per share. Analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MARA shares. HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of MARA in a report on Wednesday, December 4th. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $23.00 in a research report on Tuesday, December 10th. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a report on Wednesday, November 13th. B. Riley increased their price target on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Macquarie lifted their price objective on shares of MARA from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.80.

Insiders Place Their Bets

In other news, CEO Frederick G. Thiel sold 27,505 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value 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. This represents a 0.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay P. Leupp sold 11,200 shares of MARA stock in a transaction that occurred 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 transaction, the director now directly owns 142,556 shares in the company, valued at approximately $3,857,565.36. The trade was a 7.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 153,615 shares of company stock worth $3,258,686 in the last ninety days. 0.97% of the stock is owned by company insiders.

About MARA

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.