2 days Ago By ABMN Staff
Wells Fargo & Company MN increased its position in IonQ, Inc. ( NYSE:IONQ – Free Report ) by 43.4% in the fourth quarter, HoldingsChannel.
com reports. The institutional investor owned 255,061 shares of the company’s stock after buying an additional 77,151 shares during the quarter. Wells Fargo & Company MN’s holdings in IonQ were worth $10,654,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of IONQ. Pathway Financial Advisers LLC bought a new position in shares of IonQ during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its holdings in shares of IonQ by 421.
0% in the 4th quarter. Smartleaf Asset Management LLC now owns 620 shares of the company’s stock worth $27,000 after buying an additional 501 shares during the last quarter. Golden State Wealth Management LLC bought a new position in IonQ during the fourth quarter valued at $34,000.
City State Bank bought a new position in IonQ in the 4th quarter valued at $36,000. Finally, Sandy Spring Bank raised its position in IonQ by 350.0% during the 4th quarter.
Sandy Spring Bank now owns 900 shares of the company’s stock valued at $38,000 after purchasing an additional 700 shares in the last quarter. 41.42% of the stock is currently owned by institutional investors.
IonQ Stock Performance Shares of IonQ stock opened at $24.56 on Thursday. IonQ, Inc.
has a 1 year low of $6.22 and a 1 year high of $54.74.
The company’s fifty day moving average is $26.31 and its two-hundred day moving average is $28.42.
The company has a market capitalization of $5.47 billion, a P/E ratio of -30.32 and a beta of 2.
50. Insider Activity at IonQ Analyst Ratings Changes A number of research firms have recently weighed in on IONQ. Benchmark reissued a “buy” rating and issued a $45.
00 price objective on shares of IonQ in a research report on Monday, March 31st. DA Davidson dropped their price target on IonQ from $50.00 to $35.
00 and set a “buy” rating for the company in a research report on Monday. Craig Hallum lifted their target price on shares of IonQ from $22.00 to $45.
00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Needham & Company LLC reissued a “buy” rating and issued a $54.00 target price on shares of IonQ in a research report on Thursday, February 27th.
Finally, The Goldman Sachs Group increased their price target on IonQ from $16.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, January 10th.
One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.80.
Get Our Latest Research Report on IonQ About IonQ ( Free Report ) IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service.
Further Reading Want to see what other hedge funds are holding IONQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IonQ, Inc. ( NYSE:IONQ – Free Report ).
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