MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $215.65 and last traded at $221.59, with a volume of 669143 shares. The stock had previously closed at $221.69.
Wall Street Analysts Forecast Growth
MKTX has been the subject of a number of analyst reports. William Blair assumed coverage on MarketAxess in a report on Friday, April 4th. They set an "outperform" rating for the company. Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price objective 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. Barclays raised their price objective on shares of MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a report on Monday, April 7th. Finally, The Goldman Sachs Group reduced their price target on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have assigned 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 a consensus price target of $252.11.
Check Out Our Latest Analysis on MarketAxess
MarketAxess Stock Performance
The firm has a market capitalization of $8.55 billion, a P/E ratio of 31.64, a PEG ratio of 3.89 and a beta of 0.89. The firm has a 50 day simple moving average of $213.82 and a two-hundred day simple moving average of $229.30.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted 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 net margin of 33.56% and a return on equity of 20.23%. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
Hedge Funds Weigh In On MarketAxess
Large investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in MarketAxess by 16.5% in the 3rd quarter. Barclays PLC now owns 140,760 shares of the financial services provider's stock worth $36,063,000 after purchasing an additional 19,962 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of MarketAxess by 242.7% in the third quarter. Franklin Resources Inc. now owns 8,215 shares of the financial services provider's stock valued at $2,337,000 after acquiring an additional 5,818 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of MarketAxess by 22.9% during the 3rd quarter. Principal Financial Group Inc. now owns 55,679 shares of the financial services provider's stock valued at $14,265,000 after purchasing an additional 10,361 shares during the last quarter. GAMMA Investing LLC grew its position in MarketAxess by 40.2% in the fourth quarter. GAMMA Investing LLC now owns 704 shares of the financial services provider's stock worth $159,000 after acquiring an additional 202 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of MarketAxess by 461.5% during the 4th quarter. Nordea Investment Management AB now owns 57,876 shares of the financial services provider's stock worth $13,041,000 after purchasing an additional 47,568 shares during the period. Hedge funds and other institutional investors own 99.01% of the company's stock.
MarketAxess Company Profile
(
Get 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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