CV Advisors LLC Invests $775,000 in Nasdaq, Inc. (NASDAQ:NDAQ)

CV Advisors LLC bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,030 shares of the financial services provider's stock, valued at approximately $775,000. Nasdaq accounts for 0.3% of CV Advisors LLC's holdings, making the stock its 20th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Citizens Financial Group Inc. RI lifted its holdings in Nasdaq by 3.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock valued at $290,000 after buying an additional 137 shares during the period. Allworth Financial LP increased its stake in Nasdaq by 12.3% in the fourth quarter. Allworth Financial LP now owns 1,292 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 141 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Nasdaq by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,818 shares of the financial services provider's stock valued at $759,000 after purchasing an additional 148 shares in the last quarter. Brooklyn Investment Group increased its stake in Nasdaq by 8.5% in the fourth quarter. Brooklyn Investment Group now owns 1,899 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 148 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in Nasdaq by 4.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 3,822 shares of the financial services provider's stock valued at $295,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company's stock.

Remove Ads

Nasdaq Stock Performance

NDAQ traded up $0.33 during midday trading on Thursday, reaching $76.91. The company had a trading volume of 2,366,966 shares, compared to its average volume of 2,756,693. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The stock has a market cap of $44.23 billion, a PE ratio of 40.06, a P/E/G ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 12-month low of $58.10 and a 12-month high of $84.15. The business has a 50-day moving average price of $79.20 and a two-hundred day moving average price of $77.38.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating 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%. On average, sell-side analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, March 14th. Nasdaq's payout ratio is currently 50.00%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NDAQ shares. Deutsche Bank Aktiengesellschaft raised shares of Nasdaq from a "hold" rating to a "buy" rating and lifted their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. Oppenheimer lifted their price target on shares of Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on shares of Nasdaq from $88.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. William Blair assumed coverage on shares of Nasdaq in a research report on Monday, November 25th. They set an "outperform" rating for the company. Finally, UBS Group boosted their target price on shares of Nasdaq from $79.00 to $89.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.88.

Insider Activity at Nasdaq

In related news, EVP Sarah Youngwood sold 14,959 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the sale, the executive vice president now owns 59,694 shares of the company's stock, valued at approximately $4,398,253.92. This represents a 20.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bryan Everard Smith sold 3,500 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at $4,532,778.56. This trade represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

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.