Wells Fargo & Company MN Sells 32,149 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Wells Fargo & Company MN lowered its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 53.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,588 shares of the financial services provider's stock after selling 32,149 shares during the period. Wells Fargo & Company MN owned 0.07% of MarketAxess worth $6,236,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of MarketAxess in the fourth quarter worth $119,095,000. Congress Asset Management Co. purchased a new stake in MarketAxess during the fourth quarter valued at about $71,103,000. Van ECK Associates Corp boosted its position in MarketAxess by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock valued at $452,246,000 after buying an additional 236,497 shares during the period. Raymond James Financial Inc. purchased a new stake in MarketAxess during the fourth quarter valued at about $46,079,000. Finally, Savant Capital LLC boosted its position in MarketAxess by 8,277.4% during the fourth quarter. Savant Capital LLC now owns 119,797 shares of the financial services provider's stock valued at $27,079,000 after buying an additional 118,367 shares during the period. 99.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MKTX has been the subject of a number of analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a report on Friday, February 7th. William Blair initiated coverage on shares of MarketAxess in a report on Friday, April 4th. They set an "outperform" rating for the company. Piper Sandler dropped 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. Bank of America raised their price objective 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 objective on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, MarketAxess has a consensus rating of "Hold" and an average price target of $252.11.

MarketAxess Price Performance

MarketAxess stock traded up $1.79 during mid-day trading on Thursday, reaching $219.38. 93,020 shares of the stock traded hands, compared to its average volume of 676,896. The business's 50-day moving average is $209.22 and its 200-day moving average is $233.37. The stock has a market capitalization of $8.27 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly 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 analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

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.