Aquatic Capital Management LLC increased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 136.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,825 shares of the financial services provider's stock after buying an additional 14,345 shares during the period. Aquatic Capital Management LLC owned about 0.07% of MarketAxess worth $5,611,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. increased its position in shares of MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 70 shares during the last quarter. Allianz SE purchased a new position in MarketAxess in the fourth quarter valued at $27,000. Smartleaf Asset Management LLC raised its stake in MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after buying an additional 104 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in MarketAxess by 13,900.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after buying an additional 139 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of MarketAxess by 185.7% during the 4th quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on MKTX. Keefe, Bruyette & Woods decreased their target price on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Piper Sandler lowered their target price on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Morgan Stanley upgraded shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, April 8th. William Blair initiated coverage on shares of MarketAxess in a research note on Friday, April 4th. They issued an "outperform" rating for the company. Finally, Barclays lifted their target price on MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $252.11.
Read Our Latest Stock Analysis on MKTX
MarketAxess Stock Performance
MKTX stock opened at $219.00 on Friday. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The company has a fifty day moving average of $210.22 and a 200-day moving average of $232.30. The stock has a market capitalization of $8.25 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.
MarketAxess Profile
(
Free Report)
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.
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