Canada Pension Plan Investment Board lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 43.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,689 shares of the financial services provider's stock after buying an additional 15,000 shares during the period. Canada Pension Plan Investment Board owned about 0.13% of MarketAxess worth $11,232,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of MKTX. First Hawaiian Bank bought a new position in MarketAxess in the fourth quarter valued at about $1,088,000. Keybank National Association OH raised its holdings in MarketAxess by 18.2% in the 4th quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock valued at $1,842,000 after buying an additional 1,256 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in MarketAxess by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock worth $82,103,000 after buying an additional 5,153 shares during the period. Norden Group LLC bought a new stake in MarketAxess during the 4th quarter worth approximately $539,000. Finally, Taika Capital LP acquired a new position in MarketAxess in the 4th quarter valued at approximately $2,689,000. 99.01% of the stock is currently owned by institutional investors.
MarketAxess Price Performance
Shares of MKTX traded up $0.81 during trading hours on Friday, hitting $219.00. The stock had a trading volume of 402,418 shares, compared to its average volume of 490,586. The firm has a 50 day simple moving average of $210.22 and a 200-day simple moving average of $232.60. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The firm 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.
MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. Equities analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. Piper Sandler decreased their price target on MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their target price on MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. William Blair began coverage on shares of MarketAxess in a report on Friday, April 4th. They set an "outperform" rating for the company. Finally, UBS Group reduced their price objective on shares of MarketAxess from $305.00 to $295.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $252.11.
Read Our Latest Analysis on MKTX
MarketAxess 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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