293,835 Nasdaq, Inc. $NDAQ Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 17.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,397,846 shares of the financial services provider's stock after selling 293,835 shares during the period. Robeco Institutional Asset Management B.V. owned 0.25% of Nasdaq worth $128,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Eastern Bank lifted its holdings in Nasdaq by 168.0% during the 3rd quarter. Eastern Bank now owns 268 shares of the financial services provider's stock worth $25,000 after buying an additional 168 shares in the last quarter. Fiduciary Financial Advisors acquired a new stake in shares of Nasdaq in the 2nd quarter valued at $25,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Nasdaq in the 2nd quarter valued at $37,000. Signature Equity Partners LLC increased its stake in shares of Nasdaq by 60.3% in the 1st quarter. Signature Equity Partners LLC now owns 473 shares of the financial services provider's stock valued at $40,000 after buying an additional 178 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Nasdaq in the 2nd quarter valued at $42,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NDAQ shares. JPMorgan Chase & Co. boosted their target price on Nasdaq from $114.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, October 8th. Rothschild & Co Redburn decreased their price target on Nasdaq from $110.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, September 10th. Piper Sandler reiterated an "overweight" rating and issued a $108.00 price objective (up from $104.00) on shares of Nasdaq in a research report on Friday, October 2nd. Morgan Stanley lowered their price objective on Nasdaq from $120.00 to $118.00 and set an "overweight" rating for the company in a research report on Friday, October 9th. Finally, Barclays reissued an "overweight" rating and set a $109.00 price objective (down from $111.00) on shares of Nasdaq in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $109.24.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 1,125 shares of the firm's stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $94.13, for a total transaction of $105,896.25. Following the sale, the executive vice president directly owned 97,686 shares in the company, valued at approximately $9,195,183.18. This trade represents a 1.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nelson Griggs sold 11,010 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total transaction of $1,060,813.50. Following the sale, the insider owned 205,001 shares in the company, valued at $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 45,172 shares of company stock worth $4,245,088. 0.60% of the stock is owned by company insiders.

Nasdaq Stock Up 1.4%

NASDAQ:NDAQ opened at $96.12 on Thursday. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $101.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market cap of $53.73 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.71 and a beta of 0.99. The stock has a 50-day moving average price of $94.64 and a two-hundred day moving average price of $90.85.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The company's revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities analysts expect that Nasdaq, Inc. will post 4.13 earnings per share for the current year.

About Nasdaq

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world's largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq's Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.

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