MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives Consensus Rating of "Hold" from Brokerages

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) have received an average recommendation of "Hold" from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $252.11.

A number of analysts have recently weighed in on the stock. Piper Sandler cut their price target on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Morgan Stanley raised MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. Barclays raised their price objective on MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a research note on Monday, April 7th. UBS Group lowered their target price on MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, William Blair started coverage on shares of MarketAxess in a report on Friday, April 4th. They set an "outperform" rating on the stock.

Institutional Trading of MarketAxess

Several institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of MarketAxess in the 4th quarter valued at about $119,095,000. FMR LLC boosted its holdings in MarketAxess by 17.4% in the fourth quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock valued at $520,013,000 after acquiring an additional 341,493 shares during the last quarter. Congress Asset Management Co. acquired a new stake in shares of MarketAxess during the 4th quarter worth approximately $71,103,000. Van ECK Associates Corp increased its stake in shares of MarketAxess by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock valued at $452,246,000 after acquiring an additional 236,497 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in MarketAxess by 11.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,298,409 shares of the financial services provider's stock worth $519,533,000 after acquiring an additional 236,118 shares in the last quarter. Institutional investors own 99.01% of the company's stock.

MarketAxess Stock Performance

Shares of MKTX stock traded down $0.10 during trading on Friday, hitting $221.59. The company had a trading volume of 669,169 shares, compared to its average volume of 491,480. The firm has a market capitalization of $8.24 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. MarketAxess has a one year low of $186.84 and a one year high of $296.68. The stock's 50-day moving average price is $211.95 and its 200 day moving average price is $231.44.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, research analysts anticipate that MarketAxess will post 7.79 earnings per share for the current fiscal year.

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.