Y Intercept Hong Kong Ltd lifted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 175.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,446 shares of the financial services provider's stock after purchasing an additional 4,104 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in MarketAxess were worth $1,395,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allianz SE purchased a new stake in MarketAxess during the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB grew its position in shares of MarketAxess by 49.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock worth $35,000 after buying an additional 54 shares in the last quarter. Huntington National Bank increased its stake in shares of MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after buying an additional 104 shares during the period. UMB Bank n.a. raised its holdings in MarketAxess by 57.4% in the first quarter. UMB Bank n.a. now owns 222 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 81 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in MarketAxess in the first quarter valued at approximately $56,000. Hedge funds and other institutional investors own 99.01% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on MKTX shares. Barclays dropped 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 report on Thursday, July 10th. Morgan Stanley dropped their target price on MarketAxess from $283.00 to $274.00 and set an "overweight" rating on the stock in a report on Tuesday, July 15th. Citigroup lifted their price target on MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Bank of America increased their price objective on MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a report on Wednesday, April 2nd. Finally, William Blair initiated coverage on MarketAxess in a research report on Friday, April 4th. They set an "outperform" rating on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, MarketAxess currently has a consensus rating of "Hold" and a consensus price target of $240.67.
Read Our Latest Report on MKTX
MarketAxess Trading Down 1.1%
Shares of MarketAxess stock traded down $2.29 on Friday, hitting $211.45. The stock had a trading volume of 214,825 shares, compared to its average volume of 341,626. The company's 50 day moving average price is $218.85 and its 200 day moving average price is $214.75. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 36.77, a P/E/G ratio of 2.79 and a beta of 0.85. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68.
MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.05. The company had revenue of $208.58 million during the quarter, compared to analysts' expectations of $211.81 million. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. The firm's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 earnings per share. Analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
About MarketAxess
(
Free Report)
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.
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