International Assets Investment Management LLC Buys 11,321 Shares of IonQ, Inc. $IONQ

International Assets Investment Management LLC lifted its stake in shares of IonQ, Inc. (NYSE:IONQFree Report) by 199.3% in the fourth quarter, HoldingsChannel reports. The fund owned 17,000 shares of the company’s stock after acquiring an additional 11,321 shares during the period. International Assets Investment Management LLC’s holdings in IonQ were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IONQ. Stone House Investment Management LLC grew its stake in shares of IonQ by 700.0% during the 3rd quarter. Stone House Investment Management LLC now owns 400 shares of the company’s stock valued at $25,000 after acquiring an additional 350 shares during the period. Ameriflex Group Inc. grew its stake in shares of IonQ by 485.7% during the 3rd quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock valued at $25,000 after acquiring an additional 340 shares during the period. Fortitude Family Office LLC grew its stake in shares of IonQ by 3,800.0% during the 4th quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock valued at $28,000 after acquiring an additional 608 shares during the period. UMB Bank n.a. bought a new position in shares of IonQ during the 3rd quarter valued at approximately $31,000. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of IonQ by 117.4% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock valued at $31,000 after acquiring an additional 270 shares during the period. 41.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IONQ has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday. Jefferies Financial Group set a $85.00 price target on IonQ in a report on Thursday. Northland Securities assumed coverage on IonQ in a report on Monday, April 20th. They issued an “outperform” rating and a $55.00 price target on the stock. Wall Street Zen cut IonQ from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Finally, Needham & Company LLC lowered their price target on IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $68.63.

Get Our Latest Analysis on IonQ

Insider Buying and Selling

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

Trending Headlines about IonQ

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IonQ Trading Up 3.5%

NYSE IONQ opened at $49.36 on Friday. The stock’s 50 day moving average is $36.42 and its 200 day moving average is $43.57. IonQ, Inc. has a 12 month low of $25.89 and a 12 month high of $84.64. The stock has a market cap of $18.10 billion, a PE ratio of -176.28 and a beta of 3.05.

IonQ Company Profile

(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.

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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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