Los Angeles Capital Management LLC Purchases 5,240 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Los Angeles Capital Management LLC boosted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 9.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,214 shares of the financial services provider's stock after buying an additional 5,240 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.16% of MarketAxess worth $12,811,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in MarketAxess by 19.6% during the first quarter. IFP Advisors Inc now owns 446 shares of the financial services provider's stock worth $97,000 after buying an additional 73 shares during the period. South Dakota Investment Council raised its position in shares of MarketAxess by 72.7% in the 1st quarter. South Dakota Investment Council now owns 950 shares of the financial services provider's stock worth $206,000 after acquiring an additional 400 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of MarketAxess by 14.7% during the 1st quarter. Kingsview Wealth Management LLC now owns 42,387 shares of the financial services provider's stock worth $9,170,000 after purchasing an additional 5,417 shares during the last quarter. Allen Capital Group LLC bought a new stake in MarketAxess during the first quarter valued at about $205,000. Finally, Victory Capital Management Inc. grew its stake in MarketAxess by 210.8% in the first quarter. Victory Capital Management Inc. now owns 17,400 shares of the financial services provider's stock valued at $3,764,000 after purchasing an additional 11,801 shares during the last quarter. Hedge funds and other institutional investors own 99.01% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Bank of America boosted their price target on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research note on Wednesday, April 2nd. Barclays cut their price objective on shares of MarketAxess from $240.00 to $237.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. William Blair assumed coverage on MarketAxess in a report on Friday, April 4th. They issued an "outperform" rating for the company. UBS Group reaffirmed a "buy" rating and set a $295.00 target price on shares of MarketAxess in a report on Tuesday, July 8th. Finally, Piper Sandler restated a "neutral" rating and issued a $204.00 price objective (up previously from $202.00) on shares of MarketAxess in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, MarketAxess has an average rating of "Hold" and a consensus target price of $240.67.

MarketAxess Stock Performance

NASDAQ:MKTX traded down $1.08 during mid-day trading on Monday, hitting $207.76. 391,570 shares of the company's stock traded hands, compared to its average volume of 498,561. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68. The firm's 50 day simple moving average is $219.17 and its 200 day simple moving average is $215.08. The company has a market cap of $7.79 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 2.75 and a beta of 0.85.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.05. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. The business had revenue of $208.58 million during the quarter, compared to analyst estimates of $211.81 million. During the same period last year, the company posted $1.92 EPS. The company's revenue was down .8% compared to the same quarter last year. On average, research analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal 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.