Hel Ved Capital Management Ltd Acquires Shares of 222,050 MARA Holdings, Inc. (NASDAQ:MARA)

Hel Ved Capital Management Ltd purchased a new stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 222,050 shares of the business services provider’s stock, valued at approximately $3,724,000. MARA comprises about 1.1% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 28th biggest holding. Hel Ved Capital Management Ltd owned about 0.07% of MARA at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Beacon Capital Management LLC bought a new position in MARA in the 4th quarter valued at $26,000. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in MARA by 79.3% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,945 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 860 shares during the last quarter. Spire Wealth Management increased its position in MARA by 26.7% in the fourth quarter. Spire Wealth Management now owns 2,843 shares of the business services provider’s stock worth $48,000 after purchasing an additional 599 shares during the period. Brown Brothers Harriman & Co. bought a new stake in MARA during the 4th quarter worth about $50,000. Finally, Blue Trust Inc. lifted its position in MARA by 415.6% during the 4th quarter. Blue Trust Inc. now owns 3,341 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 2,693 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MARA. Piper Sandler dropped their price target on shares of MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. HC Wainwright reissued a “buy” rating and issued a $28.00 price target on shares of MARA in a research note on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on MARA from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Rosenblatt Securities assumed coverage on MARA in a report on Friday, March 7th. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Barclays reduced their target price on MARA from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.80.

Insider Buying and Selling

In other news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 3,910,843 shares in the company, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Salman Hassan Khan sold 16,700 shares of the company’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 sale, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,710 shares of company stock worth $1,226,825. 0.80% of the stock is owned by corporate insiders.

MARA Stock Performance

Shares of MARA stock opened at $11.30 on Friday. The company has a market capitalization of $3.91 billion, a P/E ratio of 14.30 and a beta of 6.09. MARA Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $30.28. 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 company’s 50 day moving average price is $14.71 and its two-hundred day moving average price is $17.89.

MARA (NASDAQ:MARA) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, beating the consensus estimate of ($0.32) by $1.56. The business had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, analysts expect that MARA Holdings, Inc. will post -1.04 earnings per share 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.