Edmond DE Rothschild Holding S.A. Sells 513,225 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Edmond DE Rothschild Holding S.A. decreased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 69.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,292 shares of the financial services provider's stock after selling 513,225 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Nasdaq were worth $17,417,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NDAQ. D.A. Davidson & CO. raised its position in shares of Nasdaq by 4.1% during the 3rd quarter. D.A. Davidson & CO. now owns 14,956 shares of the financial services provider's stock worth $1,092,000 after acquiring an additional 590 shares in the last quarter. FMR LLC boosted its position in Nasdaq by 24.4% during the third quarter. FMR LLC now owns 977,949 shares of the financial services provider's stock worth $71,400,000 after purchasing an additional 191,705 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Nasdaq by 11.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 72,063 shares of the financial services provider's stock worth $5,261,000 after purchasing an additional 7,569 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Nasdaq during the 3rd quarter worth about $241,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Nasdaq by 6,916.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 9,964 shares of the financial services provider's stock worth $727,000 after acquiring an additional 9,822 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently weighed in on NDAQ shares. Bank of America lifted their target price on shares of Nasdaq from $103.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday. 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. Oppenheimer lifted their target price on Nasdaq from $86.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. Raymond James boosted their target price on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Finally, Keefe, Bruyette & Woods upped their price objective on Nasdaq from $86.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Nasdaq presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.94.

Nasdaq Stock Down 3.8 %

Shares of Nasdaq stock traded down $2.80 during midday trading on Friday, reaching $70.99. 2,064,206 shares of the company's stock traded hands, compared to its average volume of 2,850,318. The company has a market cap of $40.83 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 52 week low of $58.10 and a 52 week high of $84.15. The company's 50 day simple moving average is $78.79 and its 200 day simple moving average is $77.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

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

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.35%. Nasdaq's dividend payout ratio is 50.00%.

Insider Transactions at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of the business'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 sale, the executive vice president now owns 55,576 shares of the company's stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $73.68, for a total value of $1,102,179.12. Following the transaction, the executive vice president now owns 59,694 shares of the company's stock, valued at $4,398,253.92. This represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

Nasdaq 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.