BI Asset Management Fondsmaeglerselskab A S Sells 2,999 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

BI Asset Management Fondsmaeglerselskab A S cut its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 84.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 545 shares of the financial services provider's stock after selling 2,999 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in MarketAxess were worth $123,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. First Hawaiian Bank bought a new position in shares of MarketAxess in the fourth quarter valued at $1,088,000. Keybank National Association OH increased its stake in shares of MarketAxess by 18.2% during the 4th quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock worth $1,842,000 after purchasing an additional 1,256 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of MarketAxess by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock valued at $82,103,000 after purchasing an additional 5,153 shares during the period. Norden Group LLC acquired a new stake in MarketAxess in the 4th quarter valued at about $539,000. Finally, Taika Capital LP bought a new position in MarketAxess during the fourth quarter worth about $2,689,000. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Trading Up 0.4 %

MarketAxess stock traded up $0.81 during trading hours on Friday, reaching $219.00. 402,418 shares of the stock were exchanged, compared to its average volume of 491,537. The stock has a 50 day moving average of $210.22 and a two-hundred day moving average of $231.99. The company has a market cap of $8.25 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month 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 EPS for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. On average, analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on MKTX shares. Keefe, Bruyette & Woods cut their price objective on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Barclays raised their price target on MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a report on Monday, April 7th. The Goldman Sachs Group dropped 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. Bank of America lifted their target price on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. Finally, UBS Group lowered their price target on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a 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's stock. According to MarketBeat.com, the stock 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.