MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 474.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,388 shares of the financial services provider's stock after buying an additional 12,711 shares during the period. First Trust Advisors LP's holdings in MarketAxess were worth $3,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of MKTX. First Hawaiian Bank purchased a new stake in shares of MarketAxess during the 4th quarter worth approximately $1,088,000. Keybank National Association OH raised its stake in MarketAxess by 18.2% during the fourth quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock valued at $1,842,000 after purchasing an additional 1,256 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MarketAxess by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock worth $82,103,000 after buying an additional 5,153 shares during the last quarter. Norden Group LLC bought a new position in shares of MarketAxess in the 4th quarter valued at about $539,000. Finally, Taika Capital LP purchased a new position in MarketAxess in the fourth quarter worth about $2,689,000. Hedge funds and other institutional investors own 99.01% of the company's stock.

MarketAxess Stock Down 0.4 %

Shares of NASDAQ MKTX traded down $0.86 during mid-day trading on Wednesday, reaching $228.03. 514,827 shares of the company were exchanged, compared to its average volume of 492,325. The firm has a 50-day moving average of $214.58 and a 200 day moving average of $229.30. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 31.37, a P/E/G ratio of 3.89 and a beta of 0.89.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its quarterly earnings results 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 business had revenue of $208.58 million for the quarter, compared to analysts' expectations of $211.81 million. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. The company's revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $1.92 EPS. On average, equities analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on MKTX. William Blair began coverage on MarketAxess in a research report on Friday, April 4th. They set an "outperform" rating on the stock. Keefe, Bruyette & Woods dropped their price target on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Piper Sandler reduced their price objective on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, April 8th. Finally, Bank of America increased their price target on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, MarketAxess currently has an average rating of "Hold" and a consensus price target of $252.11.

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.