Natixis boosted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 1,384.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,034 shares of the financial services provider's stock after buying an additional 27,078 shares during the quarter. Natixis owned approximately 0.08% of MarketAxess worth $6,563,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of MKTX. Global X Japan Co. Ltd. lifted its stake in MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock worth $25,000 after purchasing an additional 70 shares in the last quarter. Allianz SE purchased a new position in MarketAxess during the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC boosted its stake in MarketAxess by 495.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after buying an additional 104 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after buying an additional 139 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of MarketAxess by 185.7% in the 4th quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after acquiring an additional 104 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.
MarketAxess Stock Performance
NASDAQ MKTX traded up $0.81 during mid-day trading on Friday, reaching $219.00. 402,418 shares of the stock were exchanged, compared to its average volume of 490,586. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The business's fifty day simple moving average is $210.22 and its 200 day simple moving average is $232.60. The stock has a market capitalization of $8.25 billion, a PE ratio of 30.12, a PEG ratio of 3.89 and a beta of 1.12.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, topping 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%. On average, analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on MKTX. William Blair began coverage on shares of MarketAxess in a research report on Friday, April 4th. They set an "outperform" rating on the stock. Keefe, Bruyette & Woods reduced their target price on MarketAxess from $251.00 to $225.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. 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. 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 report on Tuesday, April 8th. Finally, The Goldman Sachs Group lowered their target price on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $252.11.
Read Our Latest Stock Analysis on MarketAxess
About MarketAxess
(
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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