Hsbc Holdings PLC Increases Holdings in IonQ, Inc. $IONQ

Hsbc Holdings PLC raised its holdings in shares of IonQ, Inc. (NYSE:IONQ) by 1,209.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,524 shares of the company’s stock after purchasing an additional 152,884 shares during the period. Hsbc Holdings PLC’s holdings in IonQ were worth $7,488,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Pure Financial Advisors LLC increased its stake in shares of IonQ by 6.8% during the fourth quarter. Pure Financial Advisors LLC now owns 15,664 shares of the company’s stock valued at $703,000 after buying an additional 992 shares during the period. SHP Wealth Management purchased a new stake in IonQ in the fourth quarter worth $152,000. CFO Capital Management LLC purchased a new stake in IonQ in the fourth quarter worth $1,064,000. Tempo Wealth LLC bought a new stake in IonQ in the fourth quarter valued at $330,000. Finally, Invesco Ltd. boosted its holdings in IonQ by 26.2% in the fourth quarter. Invesco Ltd. now owns 611,895 shares of the company’s stock valued at $27,456,000 after acquiring an additional 127,207 shares in the last quarter. 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:

• Positive Sentiment: Recent articles highlight IonQ as a key beneficiary of Washington’s growing quantum-computing push, with federal support and strategic interest potentially boosting demand for the company’s technology. Washington’s Quantum Push Puts IBM and IonQ on the Throne (IONQ)
• Positive Sentiment: IonQ also drew attention for a new quantum security product, Clavis XG Multiplex, which could expand its addressable market in cybersecurity and metro fiber-network applications. IonQ Unveils New Quantum Security Solution as Cybersecurity Risks Grow
• Neutral Sentiment: IonQ is also seeing elevated investor and media attention, which can keep trading volume high and the stock volatile, even without a specific new catalyst. Investors Heavily Search IonQ, Inc. (IONQ): Here is What You Need to Know
• Neutral Sentiment: Multiple roundup and comparison pieces on quantum-computing stocks, including IonQ versus rivals, suggest investors remain focused on the sector’s long-term potential rather than any single near-term fundamental change. IonQ vs. Quantinuum: Which Quantum Computing Accuracy-Leading Stock Looks Like the Better Buy?
• Negative Sentiment: The stock recently suffered a sharper drop than the broader market, reinforcing concerns about valuation and ongoing volatility after a sizable one-day decline. IonQ, Inc. (IONQ) Suffers a Larger Drop Than the General Market: Key Insights

Analyst Upgrades and Downgrades

Several brokerages have commented on IONQ. JPMorgan Chase & Co. upped their price objective on shares of IonQ from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of IonQ in a research note on Thursday, June 11th. Northland Securities boosted their price target on shares of IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd. Wall Street Zen raised shares of IonQ from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, Morgan Stanley set a $48.50 price objective on shares of IonQ in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, IonQ currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.88.

Insider Buying and Selling

In other news, Director Kathryn K. Chou sold 2,757 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.02, for a total value of $151,690.14. Following the sale, the director directly owned 62,608 shares of the company’s stock, valued at approximately $3,444,692.16. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John W. Raymond sold 3,815 shares of IonQ stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $209,863.15. Following the completion of the transaction, the insider directly owned 80,148 shares of the company’s stock, valued at approximately $4,408,941.48. This represents a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,102 shares of company stock worth $701,489 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

IonQ Price Performance

Shares of NYSE IONQ opened at $49.43 on Friday. IonQ, Inc. has a 1 year low of $25.89 and a 1 year high of $84.64. The firm has a 50-day moving average of $55.08 and a 200 day moving average of $45.11. The stock has a market cap of $18.45 billion, a P/E ratio of -176.55 and a beta of 3.18.

IonQ (NYSE:IONQ) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). IonQ had a negative return on equity of 23.20% and a net margin of 174.88%.The business had revenue of $64.67 million during the quarter, compared to analysts’ expectations of $49.75 million. During the same quarter last year, the company posted ($0.14) EPS. IonQ’s revenue for the quarter was up 754.7% compared to the same quarter last year. Research analysts expect 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.