903 Shares in IonQ, Inc. (NYSE:IONQ) Bought by Hemington Wealth Management

Hemington Wealth Management bought a new stake in shares of IonQ, Inc. (NYSE:IONQ) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 903 shares of the company’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of IonQ by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,420,152 shares of the company’s stock valued at $38,640,000 after buying an additional 199,360 shares during the period. State Street Corp boosted its stake in IonQ by 1.8% in the third quarter. State Street Corp now owns 4,260,880 shares of the company’s stock valued at $37,240,000 after acquiring an additional 75,596 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of IonQ by 9.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,614,034 shares of the company’s stock valued at $14,107,000 after purchasing an additional 135,851 shares during the last quarter. FMR LLC raised its position in shares of IonQ by 7.2% during the 3rd quarter. FMR LLC now owns 612,625 shares of the company’s stock worth $5,354,000 after purchasing an additional 41,125 shares during the period. Finally, Capital Advisors Inc. OK acquired a new stake in shares of IonQ during the 4th quarter worth approximately $18,976,000. 41.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Thomas G. Kramer sold 9,780 shares of IonQ stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $29.72, for a total transaction of $290,661.60. Following the transaction, the chief financial officer now directly owns 926,114 shares in the company, valued at approximately $27,524,108.08. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter Hume Chapman sold 13,106 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total value of $389,641.38. Following the completion of the sale, the chief executive officer now directly owns 414,363 shares in the company, valued at $12,319,011.99. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,223 shares of company stock worth $1,314,652. 11.60% of the stock is owned by corporate insiders.

IonQ Stock Up 2.0 %

IONQ stock opened at $38.76 on Friday. The company has a 50-day simple moving average of $39.65 and a 200 day simple moving average of $22.78. The company has a market capitalization of $8.39 billion, a P/E ratio of -47.86 and a beta of 2.40. IonQ, Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $54.74.

Analyst Ratings Changes

A number of research analysts recently commented on IONQ shares. DA Davidson initiated coverage on IonQ in a research note on Thursday, December 19th. They set a “buy” rating and a $50.00 price objective for the company. The Goldman Sachs Group upped their price target on shares of IonQ from $16.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Needham & Company LLC lifted their price objective on shares of IonQ from $13.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Benchmark boosted their target price on shares of IonQ from $12.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Craig Hallum raised their price target on shares of IonQ from $22.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

IonQ Profile

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.