F m Investments LLC Increases Holdings in IonQ, Inc. $IONQ

F m Investments LLC lifted its position in IonQ, Inc. (NYSE:IONQFree Report) by 60.5% in the fourth quarter, Holdings Channel reports. The firm owned 43,587 shares of the company’s stock after buying an additional 16,422 shares during the period. F m Investments LLC’s holdings in IonQ were worth $1,956,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of IONQ. Royal Bank of Canada boosted its holdings in shares of IonQ by 12.5% in the first quarter. Royal Bank of Canada now owns 134,176 shares of the company’s stock valued at $2,962,000 after purchasing an additional 14,898 shares during the period. Amundi purchased a new stake in shares of IonQ in the first quarter valued at approximately $630,000. AQR Capital Management LLC boosted its holdings in shares of IonQ by 106.2% in the first quarter. AQR Capital Management LLC now owns 57,305 shares of the company’s stock valued at $1,265,000 after purchasing an additional 29,513 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of IonQ by 24.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 450,031 shares of the company’s stock valued at $9,932,000 after purchasing an additional 87,428 shares during the period. Finally, Focus Partners Wealth boosted its holdings in shares of IonQ by 30.3% in the first quarter. Focus Partners Wealth now owns 46,782 shares of the company’s stock valued at $1,032,000 after purchasing an additional 10,881 shares during the period. Hedge funds and other institutional investors own 41.42% of the company’s stock.

Key IonQ News

Here are the key news stories impacting IonQ this week:

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group set a $85.00 price target on IonQ in a report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of IonQ in a research note on Tuesday, April 21st. Morgan Stanley set a $48.50 target price on IonQ in a report on Thursday. JPMorgan Chase & Co. lifted their price target on IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday. Finally, DA Davidson reduced their price target on IonQ from $55.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, IonQ presently has a consensus rating of “Moderate Buy” and an average price target of $68.63.

Get Our Latest Analysis on IONQ

IonQ Stock Up 0.2%

NYSE IONQ opened at $49.36 on Monday. The firm has a market cap of $18.10 billion, a PE ratio of -176.28 and a beta of 3.05. The company has a 50 day moving average price of $36.42 and a 200 day moving average price of $43.57. IonQ, Inc. has a 52 week low of $25.89 and a 52 week high of $84.64.

Insiders Place Their Bets

In other news, insider John W. Raymond sold 2,800 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $33.34, for a total transaction of $93,352.00. Following the transaction, the insider directly owned 83,963 shares of the company’s stock, valued at approximately $2,799,326.42. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William J. Teuber, Jr. purchased 3,000 shares of IonQ stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of $38.38 per share, for a total transaction of $115,140.00. Following the completion of the transaction, the director owned 9,413 shares of the company’s stock, valued at approximately $361,270.94. This represents a 46.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 12,354 shares of company stock valued at $504,428. 5.20% of the stock is currently owned by insiders.

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. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.

See Also

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:IONQFree Report).

Institutional Ownership by Quarter for IonQ (NYSE:IONQ)

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