FMR LLC Discloses 6.409% Stake in Marqeta (MQ)
Ticker: MQ · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 1522540
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, insider-holding
TL;DR
**FMR LLC just revealed a 6.409% stake in Marqeta, signaling big institutional backing.**
AI Summary
FMR LLC, a major investment firm, and its Chairman and CEO, Abigail P. Johnson, have disclosed a significant ownership stake in Marqeta, Inc. (MQ) Class A Common Stock. As of December 31, 2023, FMR LLC beneficially owns 29,962,564 shares, representing 6.409% of Marqeta's outstanding Class A shares. This filing indicates a substantial institutional investment in Marqeta, suggesting confidence from a large financial player, which could be a positive signal for current and prospective investors.
Why It Matters
This filing reveals a major institutional investor, FMR LLC, holds a significant portion of Marqeta's stock, which can influence market perception and potentially provide stability or upward pressure on the stock price.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, which generally reduces risk by showing confidence from a large, sophisticated investor.
Analyst Insight
A smart investor would note this significant institutional backing from FMR LLC as a potential positive indicator for Marqeta's long-term prospects and consider it in their investment thesis.
Key Numbers
- 29,962,564 — Shares Beneficially Owned (Total Class A Common Stock shares of Marqeta, Inc. owned by FMR LLC and Abigail P. Johnson)
- 6.409% — Percent of Class (Percentage of Marqeta, Inc. Class A Common Stock owned by FMR LLC and Abigail P. Johnson)
- 0000315066-24-001264 — Accession Number (Unique identifier for this specific SEC filing)
- 20240209 — Filed As Of Date (Date the SC 13G filing was made public)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Marqeta, Inc. (company) — issuer of the securities
- Abigail P. Johnson (person) — reporting person, associated with FMR LLC
- 06 Technology (company) — organization name associated with Marqeta, Inc.
Forward-Looking Statements
- Marqeta's stock price may experience increased stability due to significant institutional ownership. (Marqeta, Inc.) — medium confidence, target: next 6-12 months
- Other institutional investors might view FMR LLC's stake as a positive signal, potentially leading to further institutional investment. (Marqeta, Inc.) — medium confidence, target: next 3-6 months
FAQ
Who is the primary reporting person in this SC 13G filing for Marqeta, Inc.?
The primary reporting person is FMR LLC, a parent holding company, as stated in Item 1 and Item 2(a) of the filing.
What percentage of Marqeta, Inc.'s Class A Common Stock does FMR LLC beneficially own?
FMR LLC beneficially owns 6.409% of Marqeta, Inc.'s Class A Common Stock, as indicated in Item 11 on the cover page and Item 4(b) of the filing.
How many shares of Marqeta, Inc. Class A Common Stock are beneficially owned by FMR LLC?
FMR LLC beneficially owns 29,962,564 shares of Marqeta, Inc. Class A Common Stock, as reported in Item 7 on the cover page and Item 4(a) of the filing.
What is the CUSIP number for Marqeta, Inc. Class A Common Stock mentioned in this filing?
The CUSIP number for Marqeta, Inc. Class A Common Stock is 57142B104, as stated on the cover page and Item 2(e) of the filing.
What rule is this Schedule 13G filed under?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding Marqeta, Inc. (MQ).