Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 8.62MM shares of Marathon Digital Holdings Inc. (MARA). This represents 7.4% of the company.
In their previous filing dated February 4, 2022 they reported 6.72MM shares and 6.50% of the company, an increase in shares of 28.33% and an increase in total ownership of 0.90% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 83.69% Upside
As of January 30, 2023, the average one-year price target for Marathon Digital Holdings is $13.17. The forecasts range from a low of $4.04 to a high of $21.00. The average price target represents an increase of 83.69% from its latest reported closing price of $7.17.
The projected annual revenue for Marathon Digital Holdings is $545MM, an increase of 263.98%. The projected annual EPS is $0.67.
Fund Sentiment
There are 382 funds or institutions reporting positions in Marathon Digital Holdings. This is a decrease of 21 owner(s) or 5.21%.
Average portfolio weight of all funds dedicated to US:MARA is 0.2448%, an increase of 10.5651%. Total shares owned by institutions decreased in the last three months by 4.65% to 47,059K shares.
What are large shareholders doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,292,345 shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 2,968,256 shares, representing an increase of 9.84%. The firm increased its portfolio allocation in MARA by 131.89% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 2,818,230 shares representing 2.41% ownership of the company. In it's prior filing, the firm reported owning 2,544,575 shares, representing an increase of 9.71%. The firm increased its portfolio allocation in MARA by 131.64% over the last quarter.
IWM - iShares Russell 2000 ETF holds 2,433,381 shares representing 2.08% ownership of the company. In it's prior filing, the firm reported owning 2,331,445 shares, representing an increase of 4.19%. The firm increased its portfolio allocation in MARA by 126.71% over the last quarter.
Geode Capital Management holds 2,175,584 shares representing 1.86% ownership of the company. In it's prior filing, the firm reported owning 2,014,338 shares, representing an increase of 7.41%. The firm increased its portfolio allocation in MARA by 124.30% over the last quarter.
VISGX - Vanguard Small-Cap Growth Index Fund Investor Shares holds 1,627,615 shares representing 1.39% ownership of the company. In it's prior filing, the firm reported owning 1,494,844 shares, representing an increase of 8.16%. The firm increased its portfolio allocation in MARA by 122.54% over the last quarter.
Marathon Digital Holdings Background Information
(This description is provided by the company.)
Marathon Patent Group Inc. is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
