Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,556 shares of the financial services provider's stock, valued at approximately $2,160,000.
Other hedge funds have also made changes to their positions in the company. First Hawaiian Bank acquired a new stake in MarketAxess during the 4th quarter worth approximately $1,088,000. Keybank National Association OH increased its position in shares of MarketAxess by 18.2% during the fourth quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock worth $1,842,000 after acquiring an additional 1,256 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of MarketAxess by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock valued at $82,103,000 after acquiring an additional 5,153 shares in the last quarter. Norden Group LLC purchased a new position in MarketAxess in the fourth quarter valued at $539,000. Finally, Taika Capital LP acquired a new position in MarketAxess during the 4th quarter worth $2,689,000. Institutional investors and hedge funds own 99.01% of the company's stock.
MarketAxess Stock Performance
MKTX opened at $225.68 on Monday. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The stock has a market capitalization of $8.40 billion, a P/E ratio of 31.04, a price-to-earnings-growth ratio of 3.89 and a beta of 0.89. The business's 50-day simple moving average is $213.12 and its 200-day simple moving average is $229.74.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share 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, equities research analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
Analysts Set New Price Targets
MKTX has been the subject of several recent research reports. Barclays lifted their price objective on MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a research note on Monday, April 7th. UBS Group lowered their price target 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. The Goldman Sachs Group reduced their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. Keefe, Bruyette & Woods lowered their target price on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, William Blair began coverage on MarketAxess in a research note on Friday, April 4th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $252.11.
Read Our Latest Research Report on MKTX
About MarketAxess
(
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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