United Services Automobile Association Sells 3,029 Shares of MARA Holdings, Inc. (NASDAQ:MARA)

United Services Automobile Association lowered its position in MARA Holdings, Inc. (NASDAQ:MARA) by 14.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,430 shares of the business services provider’s stock after selling 3,029 shares during the quarter. United Services Automobile Association’s holdings in MARA were worth $299,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MARA. Financial Advocates Investment Management boosted its stake in MARA by 5.2% during the third quarter. Financial Advocates Investment Management now owns 14,201 shares of the business services provider’s stock worth $230,000 after buying an additional 700 shares in the last quarter. Ranch Capital Advisors Inc. lifted its holdings in shares of MARA by 6.1% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 13,532 shares of the business services provider’s stock worth $269,000 after acquiring an additional 780 shares during the period. Larson Financial Group LLC increased its stake in MARA by 124.2% in the third quarter. Larson Financial Group LLC now owns 1,917 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,062 shares during the period. Crossmark Global Holdings Inc. raised its position in MARA by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in MARA by 74.8% during the third quarter. Signaturefd LLC now owns 2,975 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,273 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

Insider Buying and Selling at MARA

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.80, for a total value of $330,660.00. Following the transaction, the chief financial officer now owns 2,029,647 shares of the company’s stock, valued at approximately $40,187,010.60. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jay P. Leupp sold 6,800 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.90, for a total value of $203,320.00. Following the transaction, the director now owns 135,756 shares of the company’s stock, valued at $4,059,104.40. The trade was a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 153,622 shares of company stock worth $2,906,197. Company insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

MARA has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. 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. JPMorgan Chase & Co. reduced their target price on shares of MARA from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Barclays initiated coverage on shares of MARA in a research report on Monday, November 25th. They set an “equal weight” rating and a $27.00 target price for the company. Finally, Compass Point lowered shares of MARA from a “buy” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $23.33.

MARA Stock Performance

Shares of MARA stock opened at $23.85 on Tuesday. The firm has a 50 day simple moving average of $20.16 and a 200 day simple moving average of $19.20. MARA Holdings, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $34.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market cap of $7.68 billion, a P/E ratio of 30.19 and a beta of 5.63.

MARA (NASDAQ:MARA) last released its earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The firm had revenue of $131.60 million for the quarter, compared to the consensus estimate of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. The company’s revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. Sell-side analysts predict that MARA Holdings, Inc. will post -1.02 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.