Canada Pension Plan Investment Board boosted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 43.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,689 shares of the financial services provider's stock after purchasing an additional 15,000 shares during the quarter. Canada Pension Plan Investment Board owned about 0.13% of MarketAxess worth $11,232,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of MarketAxess by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider's stock valued at $1,002,475,000 after buying an additional 90,805 shares in the last quarter. FMR LLC lifted its stake in shares of MarketAxess by 17.4% in the 4th quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock valued at $520,013,000 after purchasing an additional 341,493 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of MarketAxess by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock worth $452,246,000 after purchasing an additional 236,497 shares during the period. Primecap Management Co. CA increased its position in shares of MarketAxess by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock valued at $309,472,000 after purchasing an additional 30,180 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in MarketAxess by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 1,113,308 shares of the financial services provider's stock valued at $251,106,000 after buying an additional 36,431 shares during the period. Institutional investors own 99.01% of the company's stock.
MarketAxess Price Performance
Shares of NASDAQ:MKTX traded up $0.81 during trading hours on Friday, hitting $219.00. The company's stock had a trading volume of 402,416 shares, compared to its average volume of 676,567. The firm's fifty day moving average price is $209.72 and its 200 day moving average price is $232.99. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 3.89 and a beta of 1.12.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, equities research analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on MKTX shares. UBS Group cut their price objective on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. The Goldman Sachs Group dropped their price objective on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Keefe, Bruyette & Woods reduced their target price on MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Morgan Stanley raised shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, April 8th. Finally, Piper Sandler decreased their price objective on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $252.11.
View Our Latest Analysis on MKTX
MarketAxess Profile
(
Free Report)
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.
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