3,541 Shares in Nasdaq, Inc. (NASDAQ:NDAQ) Acquired by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,541 shares of the financial services provider's stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NDAQ. SBI Securities Co. Ltd. acquired a new position in shares of Nasdaq during the fourth quarter worth $356,000. Jones Financial Companies Lllp boosted its position in shares of Nasdaq by 63.9% during the 4th quarter. Jones Financial Companies Lllp now owns 33,374 shares of the financial services provider's stock worth $2,580,000 after acquiring an additional 13,017 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Nasdaq by 10.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,048 shares of the financial services provider's stock valued at $159,000 after acquiring an additional 192 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Nasdaq by 22.8% in the 4th quarter. Metis Global Partners LLC now owns 33,835 shares of the financial services provider's stock valued at $2,616,000 after acquiring an additional 6,282 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Nasdaq by 1.8% during the 4th quarter. US Bancorp DE now owns 47,159 shares of the financial services provider's stock worth $3,646,000 after acquiring an additional 821 shares in the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Price Performance

Shares of NASDAQ NDAQ opened at $82.78 on Monday. The stock has a fifty day moving average price of $79.84 and a 200 day moving average price of $76.98. Nasdaq, Inc. has a 1-year low of $55.51 and a 1-year high of $84.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The company has a market cap of $47.61 billion, a PE ratio of 43.11, a P/E/G ratio of 2.12 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Sell-side analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. Nasdaq's payout ratio is currently 50.00%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares of the company's stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of several recent analyst reports. StockNews.com upgraded shares of Nasdaq from a "sell" rating to a "hold" rating in a research note on Saturday, December 14th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $95.00 target price on shares of Nasdaq in a research report on Thursday, January 30th. UBS Group lifted their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. William Blair began coverage on shares of Nasdaq in a research note on Monday, November 25th. They issued an "outperform" rating for the company. Finally, Keefe, Bruyette & Woods lifted their target price on Nasdaq from $86.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $86.88.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.