MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 139.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,560 shares of the financial services provider's stock after acquiring an additional 3,240 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in MarketAxess were worth $1,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC grew its stake in shares of MarketAxess by 17.5% in the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider's stock valued at $501,907,000 after purchasing an additional 291,134 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of MarketAxess by 0.6% during the third quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider's stock worth $343,032,000 after purchasing an additional 8,042 shares during the period. Geode Capital Management LLC grew its position in MarketAxess by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider's stock valued at $275,122,000 after buying an additional 139,949 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in MarketAxess by 42.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 393,877 shares of the financial services provider's stock valued at $100,911,000 after buying an additional 116,607 shares during the period. Finally, Millennium Management LLC increased its stake in MarketAxess by 2,889.6% in the 2nd quarter. Millennium Management LLC now owns 339,261 shares of the financial services provider's stock valued at $68,032,000 after buying an additional 327,913 shares during the period. Hedge funds and other institutional investors own 99.01% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MKTX. Citigroup lifted their target price on shares of MarketAxess from $310.00 to $325.00 and gave the company a "buy" rating in a report on Friday, October 4th. UBS Group lifted their price objective on MarketAxess from $330.00 to $335.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Bank of America cut their target price on MarketAxess from $193.00 to $185.00 and set an "underperform" rating for the company in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their price target on MarketAxess from $258.00 to $264.00 and gave the company a "hold" rating in a report on Monday, November 11th. Finally, Piper Sandler dropped their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, MarketAxess currently has a consensus rating of "Hold" and a consensus price target of $261.30.

MarketAxess Trading Down 0.6 %

Shares of NASDAQ:MKTX traded down $1.41 during midday trading on Friday, hitting $224.43. 364,442 shares of the stock were exchanged, compared to its average volume of 321,850. MarketAxess Holdings Inc. has a twelve month low of $192.42 and a twelve month high of $296.68. The company has a 50 day moving average price of $236.34 and a 200-day moving average price of $247.31. The stock has a market cap of $8.46 billion, a P/E ratio of 30.41, a PEG ratio of 4.58 and a beta of 1.03.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.05. The business had revenue of $206.70 million during the quarter, compared to analysts' expectations of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The company's revenue was up 20.0% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. On average, equities research analysts expect that MarketAxess Holdings Inc. will post 7.25 earnings per share for the current year.

Insider Buying and Selling at MarketAxess

In other news, General Counsel Scott Pintoff sold 300 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $240.57, for a total transaction of $72,171.00. Following the completion of the transaction, the general counsel now owns 8,302 shares of the company's stock, valued at $1,997,212.14. This represents a 3.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Richard M. Mcvey sold 20,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $271.75, for a total transaction of $5,435,000.00. Following the transaction, the chairman now owns 592,029 shares in the company, valued at approximately $160,883,880.75. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,300 shares of company stock worth $8,183,871. Corporate insiders own 2.66% of the company's stock.

About MarketAxess

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.