Hsbc Holdings PLC Purchases 82,860 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Hsbc Holdings PLC raised its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 55.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,934 shares of the financial services provider's stock after acquiring an additional 82,860 shares during the quarter. Hsbc Holdings PLC owned approximately 0.62% of MarketAxess worth $52,640,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MKTX. Vanguard Group Inc. lifted its position in MarketAxess by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider's stock worth $1,002,475,000 after buying an additional 90,805 shares in the last quarter. FMR LLC boosted its position in 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 during the last quarter. Van ECK Associates Corp increased 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 during the last quarter. Primecap Management Co. CA raised its stake in shares of MarketAxess by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider's stock worth $309,472,000 after purchasing an additional 30,180 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of MarketAxess by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 1,113,308 shares of the financial services provider's stock valued at $251,106,000 after buying an additional 36,431 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company's stock.

MarketAxess Trading Up 1.2 %

MKTX stock traded up $2.54 during midday trading on Tuesday, hitting $221.17. The company had a trading volume of 258,988 shares, compared to its average volume of 490,049. The stock's 50 day moving average price is $210.76 and its 200 day moving average price is $231.58. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68.

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 for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MKTX shares. Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. William Blair began coverage on MarketAxess in a report on Friday, April 4th. They issued an "outperform" rating on the stock. Bank of America raised their price target on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their price objective 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. Finally, UBS Group lowered their price objective on MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $252.11.

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.