Price T Rowe Associates Inc. MD Has $31.82 Million Stake in MARA Holdings, Inc. (NASDAQ:MARA)

Market Beat
2025.05.01 08:29

Price T Rowe Associates Inc. MD increased its stake in MARA Holdings, Inc. (NASDAQ:MARA) by 192.4% in Q4, owning 1,897,200 shares valued at $31.82 million. Other institutional investors also raised their positions. CFO Salman Khan and CEO Frederick Thiel sold shares recently, reducing their holdings. Analysts have mixed ratings on MARA, with price targets ranging from $14.00 to $34.00. MARA's stock opened at $13.37, with a market cap of $4.62 billion and a 52-week range of $9.81 to $30.28.

Price T Rowe Associates Inc. MD lifted its position in shares of MARA Holdings, Inc. (NASDAQ:MARA - Free Report) by 192.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,897,200 shares of the business services provider's stock after purchasing an additional 1,248,292 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.56% of MARA worth $31,817,000 at the end of the most recent reporting period.

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Several other institutional investors have also bought and sold shares of MARA. Norges Bank bought a new position in MARA during the fourth quarter valued at $46,413,000. Vanguard Group Inc. grew its stake in shares of MARA by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 38,782,941 shares of the business services provider's stock worth $650,390,000 after acquiring an additional 2,706,271 shares during the period. American Century Companies Inc. increased its holdings in MARA by 44.3% in the 4th quarter. American Century Companies Inc. now owns 4,039,871 shares of the business services provider's stock worth $67,749,000 after acquiring an additional 1,240,354 shares during the last quarter. Wellington Management Group LLP raised its stake in MARA by 1,726.2% in the 4th quarter. Wellington Management Group LLP now owns 716,430 shares of the business services provider's stock valued at $12,015,000 after acquiring an additional 677,199 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in MARA by 2,004.5% during the fourth quarter. Franklin Resources Inc. now owns 665,450 shares of the business services provider's stock valued at $11,160,000 after purchasing an additional 633,829 shares during the last quarter. Institutional investors own 44.53% of the company's stock.

Insider Transactions at MARA

In other news, CFO Salman Hassan Khan sold 16,700 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $15.31, for a total value of $255,677.00. Following the completion of the sale, the chief financial officer now owns 1,773,788 shares of the company's stock, valued at approximately $27,156,694.28. This represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick G. Thiel sold 27,505 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $16.68, for a total transaction of $458,783.40. Following the completion of the sale, the chief executive officer now directly owns 3,910,843 shares of the company's stock, valued at $65,232,861.24. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

Analyst Ratings Changes

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Several analysts have recently issued reports on MARA shares. Piper Sandler lowered their price target on shares of MARA from $34.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. HC Wainwright restated a "buy" rating and set a $28.00 price target on shares of MARA in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of MARA from $23.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Barclays dropped their price target on shares of MARA from $27.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Finally, Rosenblatt Securities initiated coverage on shares of MARA in a research note on Friday, March 7th. They set a "buy" rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, MARA presently has a consensus rating of "Hold" and an average price target of $22.80.

Check Out Our Latest Stock Report on MARA

MARA Price Performance

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Shares of NASDAQ:MARA opened at $13.37 on Thursday. The company's fifty day moving average price is $12.98 and its 200-day moving average price is $17.44. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 16.92 and a beta of 6.10. MARA Holdings, Inc. has a one year low of $9.81 and a one year high of $30.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00.

MARA (NASDAQ:MARA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $1.24 EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analyst estimates of $187.11 million. MARA had a net margin of 27.48% and a negative return on equity of 8.40%. On average, equities research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

MARA Profile

(Free Report)

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.

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