Principal Financial Group Inc. Raises Holdings in MARA Holdings, Inc. (NASDAQ:MARA)

Principal Financial Group Inc. grew its position in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 37.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,911,816 shares of the business services provider’s stock after buying an additional 519,900 shares during the period. Principal Financial Group Inc. owned 0.56% of MARA worth $32,061,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MARA. Creative Planning raised its stake in shares of MARA by 17.2% during the 3rd quarter. Creative Planning now owns 33,864 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 4,974 shares during the period. Signaturefd LLC raised its stake in shares of MARA by 74.8% during the 3rd quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,273 shares during the period. Private Advisor Group LLC raised its stake in shares of MARA by 27.7% during the 3rd quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after purchasing an additional 49,062 shares during the period. International Assets Investment Management LLC raised its stake in shares of MARA by 1,522.0% during the 3rd quarter. International Assets Investment Management LLC now owns 19,561 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 18,355 shares during the period. Finally, Impact Partnership Wealth LLC raised its stake in shares of MARA by 7.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 19,766 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 1,394 shares during the period. Hedge funds and other institutional investors own 44.53% of the company’s stock.

MARA Stock Performance

Shares of NASDAQ MARA opened at $14.66 on Friday. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 18.56 and a beta of 5.76. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA Holdings, Inc. has a 1-year low of $13.16 and a 1-year high of $34.09. The stock’s 50-day moving average is $18.42 and its 200 day moving average is $18.53.

Insider Activity at MARA

In related news, CEO Frederick G. Thiel sold 27,505 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total transaction of $646,367.50. Following the transaction, the chief executive officer now directly owns 4,128,090 shares of the company’s stock, valued at approximately $97,010,115. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Salman Hassan Khan sold 16,700 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $23.50, for a total value of $392,450.00. Following the transaction, the chief financial officer now directly owns 1,836,129 shares in the company, valued at approximately $43,149,031.50. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,215 shares of company stock valued at $2,540,158. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MARA shares. HC Wainwright reiterated a “buy” rating and set a $28.00 price objective on shares of MARA in a research note on Wednesday, December 4th. Compass Point lowered MARA from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $21.00 to $25.00 in a research note on Thursday, November 21st. JPMorgan Chase & Co. upgraded MARA from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. Piper Sandler initiated coverage on MARA in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $34.00 target price on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.67.

MARA Company 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.