XTX Topco Ltd purchased a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,277 shares of the financial services provider's stock, valued at approximately $289,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC increased its stake in shares of MarketAxess by 16.5% in the third quarter. Barclays PLC now owns 140,760 shares of the financial services provider's stock worth $36,063,000 after buying an additional 19,962 shares during the period. Virtu Financial LLC bought a new position in shares of MarketAxess during the third quarter valued at approximately $836,000. Pine Valley Investments Ltd Liability Co boosted its holdings in MarketAxess by 3.7% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 10,304 shares of the financial services provider's stock worth $2,640,000 after acquiring an additional 369 shares in the last quarter. Franklin Resources Inc. increased its stake in MarketAxess by 242.7% during the 3rd quarter. Franklin Resources Inc. now owns 8,215 shares of the financial services provider's stock valued at $2,337,000 after purchasing an additional 5,818 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in MarketAxess by 22.9% in the 3rd quarter. Principal Financial Group Inc. now owns 55,679 shares of the financial services provider's stock valued at $14,265,000 after acquiring an additional 10,361 shares in the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Trading Up 0.4 %
NASDAQ:MKTX traded up $0.81 during trading hours 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. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68. The stock has a market capitalization 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. The stock has a fifty day moving average of $210.22 and a 200-day moving average of $231.99.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a research report on Monday, April 7th. William Blair began coverage on shares of MarketAxess in a research report on Friday, April 4th. They set an "outperform" rating on the stock. The Goldman Sachs Group cut their price target 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. Piper Sandler decreased their price target on MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $252.11.
View Our Latest Stock Report on MKTX
MarketAxess Company Profile
(
Free Report)
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.
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