Schonfeld Strategic Advisors LLC grew its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,906 shares of the financial services provider's stock after buying an additional 4,996 shares during the period. Schonfeld Strategic Advisors LLC owned 0.06% of MarketAxess worth $5,178,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in MarketAxess during the 4th quarter worth approximately $119,095,000. FMR LLC grew its position in shares of MarketAxess by 17.4% during the 4th quarter. FMR LLC now owns 2,300,536 shares of the financial services provider's stock valued at $520,013,000 after purchasing an additional 341,493 shares in the last quarter. Congress Asset Management Co. bought a new position in shares of MarketAxess in the fourth quarter worth $71,103,000. Van ECK Associates Corp increased its holdings in shares of MarketAxess by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider's stock worth $452,246,000 after purchasing an additional 236,497 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of MarketAxess by 11.4% in 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 buying an additional 236,118 shares in the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Trading Up 0.5 %
Shares of NASDAQ:MKTX traded up $1.12 on Monday, reaching $226.80. 555,953 shares of the company traded hands, compared to its average volume of 491,564. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68. The business's 50-day simple moving average is $213.82 and its 200 day simple moving average is $229.30. The stock has a market capitalization of $8.44 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 3.89 and a beta of 0.89.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced 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%. Sell-side analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
MKTX has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. Barclays boosted their price target on shares of MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Monday, April 7th. Keefe, Bruyette & Woods lowered their price objective on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Morgan Stanley raised shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. Finally, William Blair began coverage on MarketAxess in a research note on Friday, April 4th. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $252.11.
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About MarketAxess
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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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