Caxton Associates LP Takes Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Caxton Associates LP bought 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 SEC. The fund bought 8,173 shares of the financial services provider's stock, valued at approximately $1,847,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its stake in MarketAxess by 16.5% in the third quarter. Barclays PLC now owns 140,760 shares of the financial services provider's stock valued at $36,063,000 after acquiring an additional 19,962 shares during the last quarter. Franklin Resources Inc. grew its holdings in MarketAxess by 242.7% during the third 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 during the period. Principal Financial Group Inc. increased its position in MarketAxess by 22.9% in the third quarter. Principal Financial Group Inc. now owns 55,679 shares of the financial services provider's stock worth $14,265,000 after buying an additional 10,361 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of MarketAxess by 40.2% in the fourth quarter. GAMMA Investing LLC now owns 704 shares of the financial services provider's stock valued at $159,000 after buying an additional 202 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of MarketAxess by 461.5% in the fourth quarter. Nordea Investment Management AB now owns 57,876 shares of the financial services provider's stock valued at $13,041,000 after buying an additional 47,568 shares during the period. 99.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MKTX shares. Bank of America lifted their price objective on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. William Blair assumed coverage on shares of MarketAxess in a research report on Friday, April 4th. They issued an "outperform" rating on the stock. Morgan Stanley raised shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. Barclays boosted their target price on shares of MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a report on Monday, April 7th. Finally, UBS Group cut their price target on 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 assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, MarketAxess presently has an average rating of "Hold" and an average price target of $252.11.

MarketAxess Price 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 firm 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 company has a fifty day moving average price of $213.12 and a 200-day moving average price of $229.74.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping 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%. On average, analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Company 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.

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