MarketAxess Holdings Inc. (NASDAQ:MKTX) Given Consensus Recommendation of "Hold" by Analysts

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) have received an average recommendation of "Hold" from the ten analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $252.11.

MKTX has been the subject of several research analyst reports. UBS Group lowered their price objective on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Bank of America lifted their price target on shares of MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research note on Wednesday, April 2nd. The Goldman Sachs Group cut their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods dropped their price target on MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th.

MarketAxess Stock Up 0.4 %

MKTX traded up $0.81 during trading on Friday, reaching $219.00. 402,418 shares of the stock traded hands, compared to its average volume of 491,537. The stock's 50-day moving average is $210.22 and its 200 day moving average is $231.99. MarketAxess has a 12 month low of $186.84 and a 12 month high of $296.68. The stock has a market capitalization of $8.25 billion, a PE ratio of 30.12, a P/E/G ratio of 3.89 and a beta of 1.12.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. As a group, equities research analysts anticipate that MarketAxess will post 7.79 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Norges Bank bought a new position in MarketAxess during the 4th quarter valued at $119,095,000. FMR LLC lifted its position in shares of MarketAxess by 17.4% during the fourth quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock valued at $520,013,000 after purchasing an additional 341,493 shares in the last quarter. Congress Asset Management Co. bought a new position in shares of MarketAxess during the fourth quarter valued at about $71,103,000. Van ECK Associates Corp grew its position in MarketAxess by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock worth $452,246,000 after purchasing an additional 236,497 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in MarketAxess by 11.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,298,409 shares of the financial services provider's stock worth $519,533,000 after purchasing an additional 236,118 shares in the last quarter. Institutional investors own 99.01% of the company's stock.

MarketAxess Company 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.