Inceptionr LLC Grows Stake in Nasdaq, Inc. (NASDAQ:NDAQ)

Inceptionr LLC raised its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 380.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,741 shares of the financial services provider's stock after buying an additional 24,343 shares during the quarter. Nasdaq comprises 0.5% of Inceptionr LLC's portfolio, making the stock its 11th largest holding. Inceptionr LLC's holdings in Nasdaq were worth $2,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in Nasdaq during the 4th quarter valued at about $105,481,000. Arizona State Retirement System grew its holdings in shares of Nasdaq by 1.0% during the fourth quarter. Arizona State Retirement System now owns 125,178 shares of the financial services provider's stock worth $9,678,000 after purchasing an additional 1,296 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Nasdaq during the fourth quarter worth about $8,791,000. Atria Investments Inc grew its holdings in shares of Nasdaq by 3.2% during the fourth quarter. Atria Investments Inc now owns 32,682 shares of the financial services provider's stock worth $2,527,000 after purchasing an additional 1,017 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Nasdaq by 354.5% during the fourth quarter. Assetmark Inc. now owns 94,847 shares of the financial services provider's stock worth $7,333,000 after purchasing an additional 73,978 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company's stock.

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Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the 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 completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Nasdaq from $88.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Citigroup boosted their price objective on Nasdaq from $78.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised Nasdaq from a "hold" rating to a "buy" rating and upped their target price for the stock from $80.00 to $98.00 in a research note on Wednesday, January 8th. Barclays cut their target price on Nasdaq from $96.00 to $95.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, Raymond James upped their target price on Nasdaq from $83.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $86.88.

Nasdaq Trading Down 2.0 %

Shares of Nasdaq stock traded down $1.51 during midday trading on Friday, reaching $74.66. 4,114,424 shares of the company's stock traded hands, compared to its average volume of 2,814,568. 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 company has a market cap of $42.94 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The stock has a 50 day moving average of $79.78 and a 200-day moving average of $77.27. Nasdaq, Inc. has a 12 month low of $57.96 and a 12 month high of $84.15.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its 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 return on equity of 14.82% and a net margin of 15.10%. As a group, equities analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. Nasdaq's dividend payout ratio is presently 50.00%.

About Nasdaq

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.