BI Asset Management Fondsmaeglerselskab A S Sells 2,999 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

BI Asset Management Fondsmaeglerselskab A S decreased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 84.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 545 shares of the financial services provider's stock after selling 2,999 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in MarketAxess were worth $123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global X Japan Co. Ltd. increased its position in shares of MarketAxess by 179.5% during 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 during the period. Allianz SE purchased a new position in shares of MarketAxess during the 4th quarter worth approximately $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 acquiring an additional 104 shares during the period. SRS Capital Advisors Inc. raised its position in shares of MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after acquiring an additional 139 shares in the last quarter. Finally, Huntington National Bank lifted 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 valued at $36,000 after purchasing an additional 104 shares during the period. 99.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on MKTX shares. UBS Group decreased their price objective on MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a report on Monday, April 7th. Keefe, Bruyette & Woods decreased their price target on shares of MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group dropped their price objective on shares of MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday, February 10th. William Blair started coverage on shares of MarketAxess in a report on Friday, April 4th. They issued an "outperform" rating on the stock. Finally, Morgan Stanley upgraded shares of MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, MarketAxess presently has a consensus rating of "Hold" and an average price target of $252.11.

MarketAxess Stock Down 0.0 %

MarketAxess stock traded down $0.10 during trading hours on Wednesday, hitting $221.59. The stock had a trading volume of 669,169 shares, compared to its average volume of 491,480. The stock's 50-day moving average price is $211.95 and its 200-day moving average price is $231.44. The stock 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 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 announced its quarterly earnings data 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, 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.