Commerce Bank Sells 1,565 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Commerce Bank lessened its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,061 shares of the financial services provider's stock after selling 1,565 shares during the quarter. Commerce Bank's holdings in MarketAxess were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MKTX. Global X Japan Co. Ltd. boosted its stake in MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after purchasing an additional 70 shares in the last quarter. Allianz SE purchased a new position in MarketAxess in the fourth quarter worth about $27,000. Smartleaf Asset Management LLC lifted its stake in shares of MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after buying an additional 104 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after buying an additional 139 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 99.01% of the company's stock.

MarketAxess Stock Up 0.4 %

MKTX traded up $0.81 during trading on Friday, hitting $219.00. The company's stock had a trading volume of 402,418 shares, compared to its average volume of 491,537. The business's 50 day simple moving average is $210.22 and its 200-day simple moving average is $231.99. The firm has a market cap 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 Holdings Inc. has a one year low of $186.84 and a one year high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.73 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 research analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

Analyst Ratings Changes

MKTX has been the topic of several analyst reports. 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. 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 report on Friday, February 7th. Bank of America lifted their price objective on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. The Goldman Sachs Group lowered their target price on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Finally, Piper Sandler reduced their price target on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, MarketAxess has a consensus rating of "Hold" and an average 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.