Commerce Bank Has $240,000 Stock Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Commerce Bank lessened its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,061 shares of the financial services provider's stock after selling 1,565 shares during the quarter. Commerce Bank's holdings in MarketAxess were worth $240,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Norges Bank bought a new position in MarketAxess during the 4th quarter worth approximately $119,095,000. FMR LLC increased its stake in MarketAxess by 17.4% during the fourth 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 during the last quarter. Congress Asset Management Co. acquired a new stake in shares of MarketAxess during the fourth quarter worth $71,103,000. Van ECK Associates Corp boosted its holdings 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 buying an additional 236,497 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of MarketAxess during the 4th quarter valued at about $46,079,000. Institutional investors own 99.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays lifted their target price on MarketAxess from $225.00 to $232.00 and gave the company an "equal weight" rating in a research note on Monday, April 7th. Bank of America upped their price objective on MarketAxess from $189.00 to $191.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 2nd. Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lowered 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 report on Friday, February 7th. Finally, William Blair began coverage on shares of MarketAxess in a research report on Friday, April 4th. They issued an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $252.11.

MarketAxess Stock Down 0.0 %

NASDAQ MKTX traded down $0.10 on Wednesday, reaching $221.59. 669,169 shares of the stock traded hands, compared to its average volume of 491,480. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The firm's fifty day simple moving average is $211.95 and its 200 day simple moving average is $231.44. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 30.48, a P/E/G ratio of 3.89 and a beta of 1.12.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share 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%. As a group, equities research analysts forecast 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.