MarketAxess Holdings Inc. (NASDAQ:MKTX) Stock Holdings Lifted by Oak Thistle LLC

Oak Thistle LLC lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 178.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,948 shares of the financial services provider's stock after acquiring an additional 2,530 shares during the period. Oak Thistle LLC's holdings in MarketAxess were worth $854,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd lifted its position in MarketAxess by 175.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 6,446 shares of the financial services provider's stock worth $1,395,000 after acquiring an additional 4,104 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in MarketAxess during the 1st quarter worth approximately $215,000. Los Angeles Capital Management LLC increased its holdings in MarketAxess by 9.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 59,214 shares of the financial services provider's stock worth $12,811,000 after purchasing an additional 5,240 shares during the last quarter. IFP Advisors Inc increased its holdings in MarketAxess by 19.6% during the 1st quarter. IFP Advisors Inc now owns 446 shares of the financial services provider's stock worth $97,000 after purchasing an additional 73 shares during the last quarter. Finally, South Dakota Investment Council increased its holdings in MarketAxess by 72.7% during the 1st quarter. South Dakota Investment Council now owns 950 shares of the financial services provider's stock worth $206,000 after purchasing an additional 400 shares during the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MKTX has been the topic of several analyst reports. Piper Sandler restated a "neutral" rating and set a $204.00 price objective (up from $202.00) on shares of MarketAxess in a report on Tuesday, July 15th. Barclays dropped their price objective on MarketAxess from $240.00 to $237.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Citigroup boosted their price target on MarketAxess from $250.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, May 8th. UBS Group reiterated a "buy" rating and issued a $295.00 price target on shares of MarketAxess in a report on Tuesday, July 8th. Finally, Bank of America boosted their price target on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $240.67.

MarketAxess Price Performance

Shares of MarketAxess stock traded down $2.29 during trading on Friday, hitting $211.45. The stock had a trading volume of 214,825 shares, compared to its average volume of 341,626. The firm has a market cap of $7.93 billion, a P/E ratio of 36.77, a PEG ratio of 2.82 and a beta of 0.85. The business has a fifty day moving average of $218.94 and a two-hundred day moving average of $214.84. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.05. The company had revenue of $208.58 million for the quarter, compared to analyst estimates of $211.81 million. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. MarketAxess's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 earnings per share. As a group, research analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess 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.