Nations Financial Group Inc. IA ADV Has $248,000 Holdings in IonQ, Inc. $IONQ

Nations Financial Group Inc. IA ADV decreased its holdings in IonQ, Inc. (NYSE:IONQ) by 76.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,615 shares of the company’s stock after selling 27,464 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in IonQ were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IONQ. Vanguard Group Inc. boosted its stake in shares of IonQ by 18.5% during the 4th quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company’s stock worth $1,560,343,000 after acquiring an additional 5,420,037 shares during the period. State Street Corp raised its stake in IonQ by 42.3% in the 4th quarter. State Street Corp now owns 8,962,789 shares of the company’s stock valued at $402,160,000 after acquiring an additional 2,663,230 shares during the period. Geode Capital Management LLC raised its stake in IonQ by 21.9% in the 4th quarter. Geode Capital Management LLC now owns 8,074,301 shares of the company’s stock valued at $361,624,000 after acquiring an additional 1,452,463 shares during the period. Norges Bank acquired a new stake in IonQ during the 4th quarter valued at $199,753,000. Finally, Marex Group plc lifted its holdings in IonQ by 419.1% during the 4th quarter. Marex Group plc now owns 4,083,453 shares of the company’s stock valued at $183,225,000 after purchasing an additional 3,296,866 shares during the last quarter. 41.42% of the stock is owned by institutional investors and hedge funds.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Fresh coverage says Washington’s push into quantum computing is elevating IonQ as one of the sector’s key beneficiaries, with federal efforts and direct support for quantum developers reinforcing the company’s strategic importance. Article title
• Positive Sentiment: Analysts and commentators continue to highlight IonQ’s technology leadership and rapid revenue growth, keeping the long-term growth story intact despite near-term volatility. Article title
• Positive Sentiment: Coverage around IonQ versus Quantinuum underscores ongoing investor interest in quantum accuracy and commercialization leadership, which can support sentiment toward the stock. Article title
• Neutral Sentiment: Recent articles on “quantum computing stocks to keep an eye on” and broader sector rotation suggest continued attention to the group, but do not materially change IonQ’s fundamentals on their own. Article title
• Neutral Sentiment: A director sold a relatively small block of shares, which may add some short-term caution but is not large enough by itself to alter the investment thesis. Article title
• Negative Sentiment: IonQ was also hit by a report noting it suffered a larger drop than the broader market, reinforcing concerns that the stock remains highly volatile. Article title
• Negative Sentiment: Other commentary warns that investors are starting to separate quantum “winners” from “losers,” and some coverage points to stretched valuations and execution risk across the sector. Article title

Analyst Upgrades and Downgrades

A number of research firms have commented on IONQ. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 price objective on shares of IonQ in a research report on Thursday, June 11th. Northland Securities increased their price objective on shares of IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday. Needham & Company LLC cut their target price on shares of IonQ from $80.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Jefferies Financial Group set a $85.00 target price on shares of IonQ in a report on Thursday, May 7th. Finally, DA Davidson decreased their price target on shares of 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.88.

Insider Activity

In related news, insider John W. Raymond sold 3,815 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total transaction of $209,863.15. Following the sale, the insider owned 80,148 shares in the company, valued at approximately $4,408,941.48. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $188,272.70. Following the sale, the insider owned 139,967 shares in the company, valued at $6,984,353.30. This represents a 2.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,102 shares of company stock valued at $701,489 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

IonQ Stock Performance

IONQ opened at $50.42 on Friday. IonQ, Inc. has a 52-week low of $25.89 and a 52-week high of $84.64. The firm has a market cap of $18.82 billion, a P/E ratio of -180.08 and a beta of 3.18. The business’s fifty day moving average is $54.96 and its 200-day moving average is $45.08.

IonQ (NYSE:IONQ) last posted its quarterly 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). IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. The company had revenue of $64.67 million during the quarter, compared to analyst estimates of $49.75 million. During the same period last year, the firm earned ($0.14) EPS. The firm’s revenue for the quarter was up 754.7% compared to the same quarter last year. On average, research 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.