World Investment Advisors LLC Makes New $651,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

World Investment Advisors LLC bought a new position in shares of Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,921 shares of the financial services provider's stock, valued at approximately $651,000.

Several other large investors have also recently bought and sold shares of NDAQ. Y.D. More Investments Ltd raised its stake in shares of Nasdaq by 94.8% during the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider's stock worth $25,000 after purchasing an additional 202 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in Nasdaq during the second quarter worth $26,000. Catalyst Capital Advisors LLC bought a new stake in Nasdaq during the third quarter worth $27,000. Crewe Advisors LLC raised its position in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider's stock worth $30,000 after acquiring an additional 314 shares in the last quarter. Finally, Claro Advisors LLC acquired a new stake in Nasdaq in the third quarter valued at $33,000. 72.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Nasdaq

In other Nasdaq news, insider Pc Nelson Griggs sold 5,742 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now owns 205,821 shares of the company's stock, valued at approximately $15,918,196.14. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeremy Skule sold 12,075 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares of the company's stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,459 shares of company stock valued at $3,811,808 over the last quarter. 0.70% of the stock is owned by corporate insiders.

Nasdaq Stock Performance

Shares of NASDAQ:NDAQ traded down $0.85 on Tuesday, reaching $79.61. 3,055,515 shares of the company's stock were exchanged, compared to its average volume of 2,846,842. Nasdaq, Inc. has a twelve month low of $54.62 and a twelve month high of $83.77. The company has a fifty day moving average of $77.78 and a 200-day moving average of $70.41. The company has a market capitalization of $45.76 billion, a price-to-earnings ratio of 47.74, a PEG ratio of 3.17 and a beta of 0.97. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.84.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The firm's revenue for the quarter was up 21.9% compared to the same quarter last year. On average, research analysts predict that Nasdaq, Inc. will post 2.79 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, December 6th. Nasdaq's payout ratio is currently 57.49%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NDAQ. William Blair began coverage on shares of Nasdaq in a research note on Monday, November 25th. They set an "outperform" rating on the stock. Piper Sandler boosted their price target on Nasdaq from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. UBS Group upped their price objective on Nasdaq from $73.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, October 8th. The Goldman Sachs Group lifted their target price on Nasdaq from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Finally, StockNews.com raised Nasdaq from a "sell" rating to a "hold" rating in a report on Saturday. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Nasdaq currently has an average rating of "Moderate Buy" and a consensus target price of $81.53.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.