XTX Topco Ltd Grows Stock Holdings in MarketWise, Inc. (NASDAQ:MKTW)

Key Points

• XTX Topco Ltd increased its stake in MarketWise, Inc. by 172.4%, owning approximately 122,184 shares worth $60,000 after acquiring an additional 77,335 shares during the first quarter.
• MarketWise reported earnings of $0.53 per share, which was below analysts' expectations, but generated revenue of $79.95 million, exceeding estimates of $72.65 million.
• UBS Group has reissued a "neutral" rating and raised the price target for MarketWise shares to $20.00, up from $19.00.

XTX Topco Ltd increased its stake in shares of MarketWise, Inc. (NASDAQ:MKTW - Free Report) by 172.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,184 shares of the newsletter publisher's stock after buying an additional 77,335 shares during the quarter. XTX Topco Ltd owned about 0.75% of MarketWise worth $60,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Two Sigma Securities LLC purchased a new position in shares of MarketWise during the fourth quarter worth about $27,000. BNP Paribas Financial Markets purchased a new position in shares of MarketWise during the fourth quarter worth about $31,000. Jane Street Group LLC grew its holdings in shares of MarketWise by 257.9% during the fourth quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher's stock worth $48,000 after buying an additional 61,254 shares during the last quarter. Eschler Asset Management LLP purchased a new position in shares of MarketWise during the fourth quarter worth about $63,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of MarketWise by 108.0% during the fourth quarter. JPMorgan Chase & Co. now owns 147,228 shares of the newsletter publisher's stock worth $84,000 after buying an additional 76,460 shares during the last quarter. Hedge funds and other institutional investors own 23.04% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group reissued a "neutral" rating and set a $20.00 price target (up previously from $19.00) on shares of MarketWise in a report on Thursday.

MarketWise Trading Down 7.0%

Shares of MKTW opened at $18.40 on Friday. MarketWise, Inc. has a twelve month low of $9.07 and a twelve month high of $21.74. The stock's 50 day moving average is $18.87 and its two-hundred day moving average is $15.19. The firm has a market capitalization of $298.63 million, a PE ratio of 6.72 and a beta of 0.52.

MarketWise (NASDAQ:MKTW - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The newsletter publisher reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.11). MarketWise had a net margin of 1.69% and a negative return on equity of 2.66%. The business had revenue of $79.95 million during the quarter, compared to analysts' expectations of $72.65 million.

MarketWise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, August 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, August 15th. MarketWise's payout ratio is currently 29.20%.

About MarketWise

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.

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