Freestone Grove Partners LP Buys New Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Freestone Grove Partners LP acquired a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,087 shares of the financial services provider's stock, valued at approximately $698,000.

A number of other institutional investors have also recently bought and sold shares of the business. Global X Japan Co. Ltd. raised its position in shares of MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after buying an additional 70 shares in the last quarter. Allianz SE bought a new stake in shares of MarketAxess during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC grew its holdings in shares of MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after purchasing an additional 139 shares during the period. Finally, Huntington National Bank lifted its position in 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 purchasing an additional 104 shares during the period. Institutional investors own 99.01% of the company's stock.

MarketAxess Stock Down 0.4 %

Shares of NASDAQ MKTX traded down $0.86 during trading on Wednesday, reaching $228.03. The company had a trading volume of 514,827 shares, compared to its average volume of 492,325. The stock has a market cap of $8.48 billion, a P/E ratio of 31.37, a PEG ratio of 3.89 and a beta of 0.89. The company's fifty day moving average price is $215.28 and its 200-day moving average price is $229.29. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its 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. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. The business had revenue of $208.58 million during the quarter, compared to the consensus estimate of $211.81 million. During the same quarter in the prior year, the firm posted $1.92 EPS. The company's revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Bank of America upped their price target on shares of MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a report on Wednesday, April 2nd. Barclays raised their target price on MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a report on Monday, April 7th. The Goldman Sachs Group lowered their price target on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Piper Sandler reduced their price objective on MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley raised shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.