Hsbc Holdings PLC Buys New Holdings in Marathon Digital Holdings, Inc. $MARA

Hsbc Holdings PLC purchased a new position in Marathon Digital Holdings, Inc. (NASDAQ:MARAFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 568,952 shares of the business services provider’s stock, valued at approximately $5,220,000.

A number of other institutional investors also recently bought and sold shares of the business. Integrated Wealth Concepts LLC lifted its position in Marathon Digital by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 11,073 shares of the business services provider’s stock worth $127,000 after buying an additional 991 shares in the last quarter. Sigma Planning Corp grew its holdings in Marathon Digital by 12.4% in the 4th quarter. Sigma Planning Corp now owns 11,924 shares of the business services provider’s stock valued at $107,000 after buying an additional 1,320 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Marathon Digital by 38.6% in the 2nd quarter. Osaic Holdings Inc. now owns 4,816 shares of the business services provider’s stock worth $76,000 after acquiring an additional 1,340 shares during the last quarter. United Services Automobile Association increased its stake in shares of Marathon Digital by 8.2% in the 1st quarter. United Services Automobile Association now owns 20,634 shares of the business services provider’s stock worth $257,000 after acquiring an additional 1,569 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Marathon Digital by 19.6% during the 4th quarter. NewEdge Advisors LLC now owns 11,053 shares of the business services provider’s stock worth $99,000 after acquiring an additional 1,811 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marathon Digital

In related news, CEO Frederick G. Thiel sold 27,505 shares of Marathon Digital stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $14.25, for a total value of $391,946.25. Following the completion of the sale, the chief executive officer owned 4,562,009 shares in the company, valued at approximately $65,008,628.25. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Salman Hassan Khan sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $12.00, for a total value of $192,000.00. Following the completion of the sale, the chief financial officer directly owned 425,066 shares in the company, valued at approximately $5,100,792. The trade was a 3.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 194,855 shares of company stock valued at $2,465,975. 0.97% of the stock is owned by insiders.

Marathon Digital Trading Up 10.0%

Shares of MARA stock opened at $13.22 on Friday. Marathon Digital Holdings, Inc. has a 1-year low of $6.66 and a 1-year high of $23.45. The firm has a market cap of $5.04 billion, a PE ratio of -2.31 and a beta of 5.36. The company has a 50-day moving average of $13.41 and a two-hundred day moving average of $10.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.84.

Trending Headlines about Marathon Digital

Here are the key news stories impacting Marathon Digital this week:

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MARA. BTIG Research reissued a “buy” rating and set a $27.00 price target on shares of Marathon Digital in a research report on Monday, June 1st. Rosenblatt Securities lifted their target price on shares of Marathon Digital from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Cantor Fitzgerald dropped their price target on shares of Marathon Digital from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Weiss Ratings downgraded shares of Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, May 12th. Finally, Morgan Stanley decreased their price objective on Marathon Digital from $7.00 to $5.50 and set an “underweight” rating on the stock in a report on Wednesday. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Marathon Digital presently has an average rating of “Moderate Buy” and a consensus target price of $18.83.

Get Our Latest Stock Analysis on Marathon Digital

About Marathon Digital

(Free Report)

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.

Further Reading

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Institutional Ownership by Quarter for Marathon Digital (NASDAQ:MARA)

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