Hantz Financial Services Inc. Grows Stock Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Hantz Financial Services Inc. grew its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 158,957.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,221 shares of the financial services provider's stock after buying an additional 30,202 shares during the period. Hantz Financial Services Inc. owned approximately 0.08% of MarketAxess worth $6,831,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its stake in shares of MarketAxess by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 6,407 shares of the financial services provider's stock worth $1,285,000 after acquiring an additional 453 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of MarketAxess by 218.5% in the second quarter. Squarepoint Ops LLC now owns 3,274 shares of the financial services provider's stock worth $657,000 after buying an additional 2,246 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in shares of MarketAxess during the second quarter valued at approximately $534,000. The Manufacturers Life Insurance Company increased its holdings in MarketAxess by 1.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,983 shares of the financial services provider's stock worth $6,012,000 after buying an additional 287 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in shares of MarketAxess by 4.3% during the 2nd quarter. Algert Global LLC now owns 15,530 shares of the financial services provider's stock valued at $3,114,000 after acquiring an additional 635 shares during the last quarter. Institutional investors own 99.01% of the company's stock.

Insider Buying and Selling at MarketAxess

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

MarketAxess Price Performance

NASDAQ MKTX traded down $0.07 during trading on Thursday, hitting $218.93. The company's stock had a trading volume of 79,511 shares, compared to its average volume of 390,182. MarketAxess Holdings Inc. has a fifty-two week low of $192.42 and a fifty-two week high of $296.68. The company has a market cap of $8.25 billion, a PE ratio of 29.75, a P/E/G ratio of 4.58 and a beta of 1.03. The business's 50 day simple moving average is $233.69 and its 200-day simple moving average is $247.55.

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

Wall Street Analyst Weigh In

MKTX has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price target on MarketAxess from $255.00 to $251.00 and set a "market perform" rating for the company in a research report on Monday, January 13th. Bank of America lowered their target price on shares of MarketAxess from $193.00 to $185.00 and set an "underperform" rating on the stock in a research note on Thursday, October 3rd. Morgan Stanley upped their price objective on MarketAxess from $262.00 to $314.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Citigroup boosted their target price on shares of MarketAxess from $310.00 to $325.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Finally, Piper Sandler reduced their price objective on MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, MarketAxess currently has an average rating of "Hold" and an average price target of $261.30.

MarketAxess Profile

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.