Hsbc Holdings PLC Has $52.64 Million Stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Hsbc Holdings PLC grew its position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 55.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 232,934 shares of the financial services provider's stock after buying an additional 82,860 shares during the quarter. Hsbc Holdings PLC owned 0.62% of MarketAxess worth $52,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MKTX. J. Safra Sarasin Holding AG bought a new position in shares of MarketAxess in the 4th quarter valued at $840,000. Tower Research Capital LLC TRC grew its holdings in shares of MarketAxess by 45.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,265 shares of the financial services provider's stock valued at $738,000 after purchasing an additional 1,017 shares during the last quarter. MetLife Investment Management LLC increased its position in MarketAxess by 1.7% during the 4th quarter. MetLife Investment Management LLC now owns 9,965 shares of the financial services provider's stock worth $2,252,000 after purchasing an additional 162 shares in the last quarter. Natixis lifted its stake in MarketAxess by 1,384.4% in the 4th quarter. Natixis now owns 29,034 shares of the financial services provider's stock valued at $6,563,000 after purchasing an additional 27,078 shares during the last quarter. Finally, Norinchukin Bank The boosted its position in MarketAxess by 9.5% in the fourth quarter. Norinchukin Bank The now owns 1,720 shares of the financial services provider's stock valued at $389,000 after buying an additional 149 shares in the last quarter. Institutional investors own 99.01% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on MKTX shares. Morgan Stanley raised MarketAxess from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their target price on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. Piper Sandler cut their price target on shares of MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group lowered their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. Finally, William Blair began coverage on MarketAxess in a research report on Friday, April 4th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, MarketAxess currently has a consensus rating of "Hold" and an average target price of $252.11.

MarketAxess Stock Down 0.6 %

MKTX traded down $1.32 during trading on Wednesday, hitting $220.38. The company's stock had a trading volume of 160,752 shares, compared to its average volume of 489,371. The firm has a market capitalization of $8.20 billion, a P/E ratio of 30.25, a PEG ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The stock's fifty day moving average price is $211.40 and its 200-day moving average price is $231.51.

MarketAxess (NASDAQ:MKTX - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS 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.