Barclays PLC lifted its position in shares of IonQ, Inc. (NYSE:IONQ – Free Report) by 84.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,113 shares of the company’s stock after purchasing an additional 28,977 shares during the period. Barclays PLC’s holdings in IonQ were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ProShare Advisors LLC grew its holdings in shares of IonQ by 16.9% during the fourth quarter. ProShare Advisors LLC now owns 15,310 shares of the company’s stock worth $53,000 after purchasing an additional 2,211 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in IonQ by 8.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 30,000 shares of the company’s stock valued at $104,000 after acquiring an additional 2,215 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in IonQ by 10.4% in the first quarter. Janney Montgomery Scott LLC now owns 26,741 shares of the company’s stock valued at $164,000 after acquiring an additional 2,513 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in IonQ by 20.7% in the third quarter. Tower Research Capital LLC TRC now owns 25,946 shares of the company’s stock valued at $131,000 after acquiring an additional 4,451 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in IonQ by 4.1% in the third quarter. Alliancebernstein L.P. now owns 123,700 shares of the company’s stock valued at $627,000 after acquiring an additional 4,900 shares during the last quarter. 38.88% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
IONQ has been the topic of several analyst reports. Morgan Stanley upped their target price on IonQ from $7.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, August 14th. Craig Hallum upped their target price on IonQ from $12.00 to $21.00 and gave the company a “buy” rating in a report on Friday, August 11th. Needham & Company LLC upped their target price on IonQ from $11.00 to $18.00 and gave the company a “buy” rating in a report on Friday, August 11th. The Goldman Sachs Group increased their price target on IonQ from $9.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, August 14th. Finally, Westpark Capital cut IonQ from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.80.
Insider Transactions at IonQ
In other news, insider Christopher Monroe sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $10.75, for a total transaction of $2,150,000.00. Following the transaction, the insider now directly owns 2,056,254 shares of the company’s stock, valued at $22,104,730.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.00% of the stock is owned by insiders.
IonQ Stock Up 8.0 %
Shares of NYSE:IONQ opened at $16.50 on Wednesday. IonQ, Inc. has a twelve month low of $3.04 and a twelve month high of $20.14. The stock’s 50 day moving average is $14.56 and its 200-day moving average is $9.52. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of -28.94 and a beta of 2.05.
IonQ Profile
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.