Lido Advisors LLC Sells 16,764 Shares of Nasdaq, Inc. $NDAQ

Lido Advisors LLC lowered its stake in Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) by 36.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,148 shares of the financial services provider's stock after selling 16,764 shares during the quarter. Lido Advisors LLC's holdings in Nasdaq were worth $2,475,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of Nasdaq in the fourth quarter worth about $530,100,000. Morgan Stanley grew its holdings in Nasdaq by 62.6% during the 4th quarter. Morgan Stanley now owns 9,266,562 shares of the financial services provider's stock valued at $900,061,000 after buying an additional 3,567,843 shares in the last quarter. Nuveen LLC increased its stake in Nasdaq by 82.0% in the 4th quarter. Nuveen LLC now owns 6,073,271 shares of the financial services provider's stock worth $589,897,000 after acquiring an additional 2,736,322 shares during the last quarter. Harris Associates L P increased its stake in Nasdaq by 46.0% in the 4th quarter. Harris Associates L P now owns 8,621,689 shares of the financial services provider's stock worth $837,425,000 after acquiring an additional 2,716,280 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Nasdaq by 7.7% during the 3rd quarter. State Street Corp now owns 19,619,192 shares of the financial services provider's stock worth $1,735,318,000 after acquiring an additional 1,404,348 shares in the last quarter. Institutional investors own 72.47% of the company's stock.

Insider Transactions at Nasdaq

In other Nasdaq news, major shareholder Ab Investor bought 56,782 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the completion of the purchase, the insider owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This represents a 0.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 7,710 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total value of $700,222.20. Following the completion of the sale, the executive vice president owned 141,035 shares in the company, valued at approximately $12,808,798.70. The trade was a 5.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley restated an "overweight" rating and issued a $120.00 price target on shares of Nasdaq in a research report on Friday. Raymond James Financial reissued an "outperform" rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. TD Cowen restated a "buy" rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Loop Capital set a $113.00 price target on shares of Nasdaq in a report on Friday, April 24th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Nasdaq in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Nasdaq presently has an average rating of "Buy" and a consensus target price of $109.73.

Nasdaq News Summary

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Nasdaq delivered a solid Q2 beat on both earnings and revenue, with strong growth in index and FinTech driving better-than-expected results and record Market Services performance. Article Title
• Positive Sentiment: The company announced a quarterly dividend of $0.31 per share, which may appeal to income-focused investors and signals continued shareholder returns. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods lifted its price target to $102, indicating improved valuation expectations even though the rating remained market perform. Article Title
• Neutral Sentiment: Nasdaq’s July short-interest report showed 0 shares short and a 0.0-day days-to-cover figure, which appears more like a data anomaly than a meaningful trading signal. Article Title
• Neutral Sentiment: The company also ended its Miami case and sold its fund secondaries business, a portfolio move that may be viewed as strategic housekeeping rather than a major earnings driver. Article Title

Nasdaq Price Performance

Shares of NDAQ opened at $92.09 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $87.43 and a 200 day moving average of $88.45. The company has a market cap of $51.48 billion, a PE ratio of 26.85, a P/E/G ratio of 1.43 and a beta of 0.99. Nasdaq, Inc. has a 52-week low of $76.55 and a 52-week high of $101.79.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business's revenue was up 14.9% compared to the same quarter last year. On average, sell-side analysts expect that Nasdaq, Inc. will post 4.03 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq's dividend payout ratio is presently 36.15%.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world's leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.

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