216,236 Shares in IonQ, Inc. $IONQ Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in shares of IonQ, Inc. (NYSE:IONQ) during the 4th quarter, Holdings Channel reports. The fund acquired 216,236 shares of the company’s stock, valued at approximately $9,703,000.

Several other large investors also recently added to or reduced their stakes in IONQ. Royal Bank of Canada increased its stake in IonQ by 12.5% during the first quarter. Royal Bank of Canada now owns 134,176 shares of the company’s stock worth $2,962,000 after acquiring an additional 14,898 shares during the last quarter. Amundi bought a new stake in IonQ during the first quarter worth approximately $630,000. AQR Capital Management LLC increased its stake in IonQ by 106.2% during the first quarter. AQR Capital Management LLC now owns 57,305 shares of the company’s stock worth $1,265,000 after acquiring an additional 29,513 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in IonQ by 24.1% during 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 worth $9,932,000 after acquiring an additional 87,428 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in IonQ by 30.3% during the first quarter. Focus Partners Wealth now owns 46,782 shares of the company’s stock worth $1,032,000 after acquiring an additional 10,881 shares during the last quarter. 41.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, 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 transaction of $93,352.00. Following the transaction, the insider 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert T. Cardillo sold 3,773 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $49.90, for a total value of $188,272.70. Following the completion of the transaction, the insider directly owned 139,967 shares in the company, valued at approximately $6,984,353.30. This trade represents a 2.62% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

IONQ has been the topic of several analyst reports. Weiss Ratings raised IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Wall Street Zen raised IonQ from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Wedbush reissued an “outperform” rating and set a $60.00 price objective on shares of IonQ in a research note on Monday, May 4th. Jefferies Financial Group set a $85.00 price objective on IonQ in a research note on Thursday, May 7th. Finally, DA Davidson reduced their price objective on IonQ from $55.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.63.

IonQ Stock Performance

IONQ opened at $56.99 on Friday. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of -203.53 and a beta of 3.18. The stock’s 50 day moving average price is $47.17 and its 200-day moving average price is $44.19. IonQ, Inc. has a one year low of $25.89 and a one year high of $84.64.

IonQ (NYSE:IONQ) last released its earnings results on Wednesday, May 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). The business had revenue of $64.67 million for the quarter, compared to the consensus estimate of $49.75 million. IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. The company’s quarterly revenue was up 754.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) EPS. As a group, analysts predict that IonQ, Inc. will post -2.26 earnings per share for the current fiscal year.

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. 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.