Oak Thistle LLC Sells 3,649 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Oak Thistle LLC lessened its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 72.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,418 shares of the financial services provider's stock after selling 3,649 shares during the quarter. Oak Thistle LLC's holdings in MarketAxess were worth $321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in MarketAxess in the 2nd quarter valued at about $236,000. Dimensional Fund Advisors LP lifted its position in shares of MarketAxess by 49.7% in the second quarter. Dimensional Fund Advisors LP now owns 323,064 shares of the financial services provider's stock valued at $64,784,000 after buying an additional 107,315 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of MarketAxess by 13.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,256 shares of the financial services provider's stock worth $653,000 after acquiring an additional 382 shares during the period. Hsbc Holdings PLC increased its holdings in shares of MarketAxess by 17.5% during the 2nd quarter. Hsbc Holdings PLC now owns 141,272 shares of the financial services provider's stock worth $28,303,000 after acquiring an additional 21,089 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in MarketAxess by 309.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 17,589 shares of the financial services provider's stock valued at $3,527,000 after acquiring an additional 13,289 shares during the period. 99.01% of the stock is owned by institutional investors.

MarketAxess Stock Down 0.5 %

MKTX traded down $1.20 during trading on Friday, reaching $220.50. 348,395 shares of the stock traded hands, compared to its average volume of 336,636. The stock's 50-day moving average is $240.76 and its 200 day moving average is $246.22. MarketAxess Holdings Inc. has a 12 month low of $192.42 and a 12 month high of $296.68. The stock has a market capitalization of $8.31 billion, a PE ratio of 29.88, a P/E/G ratio of 6.67 and a beta of 1.03.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.85 by $0.05. The business had revenue of $206.70 million during the quarter, compared to analysts' expectations of $207.17 million. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The firm's revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 earnings per share. As a group, equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.29 EPS for the current year.

Insider Buying and Selling

In other MarketAxess news, Chairman Richard M. Mcvey sold 10,000 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $267.67, for a total value of $2,676,700.00. Following the transaction, the chairman now directly owns 562,029 shares in the company, valued at $150,438,302.43. The trade was a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Scott Pintoff sold 300 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $240.57, for a total value of $72,171.00. Following the transaction, the general counsel now owns 8,302 shares of the company's stock, valued at $1,997,212.14. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,300 shares of company stock valued at $8,183,871. 2.66% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on MKTX. Barclays reduced their price objective on shares of MarketAxess from $260.00 to $256.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Piper Sandler decreased their price target on shares of MarketAxess from $265.00 to $240.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group raised their price objective on shares of MarketAxess from $204.00 to $233.00 and gave the stock a "neutral" rating in a research report on Monday, September 30th. Bank of America decreased their target price on MarketAxess from $193.00 to $185.00 and set an "underperform" rating on the stock in a research report on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods dropped their price target on MarketAxess from $255.00 to $251.00 and set a "market perform" rating for the company in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, MarketAxess currently has an average rating of "Hold" and a consensus price target of $261.30.

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.