MarketAxess (NASDAQ:MKTX) Sets New 1-Year Low at $198.01

MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $198.01 and last traded at $209.85, with a volume of 193920 shares changing hands. The stock had previously closed at $205.80.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Rosenblatt Securities reduced their price objective on MarketAxess from $229.00 to $210.00 and set a "sell" rating for the company in a research note on Thursday, February 1st. The Goldman Sachs Group decreased their price target on MarketAxess from $263.00 to $225.00 and set a "neutral" rating for the company in a report on Thursday, February 1st. Barclays dropped their price objective on shares of MarketAxess from $239.00 to $236.00 and set an "equal weight" rating on the stock in a research note on Monday, April 8th. Morgan Stanley increased their price target on shares of MarketAxess from $278.00 to $279.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 9th. Finally, Piper Sandler cut their price objective on shares of MarketAxess from $250.00 to $237.00 and set a "neutral" rating for the company in a report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $252.80.

MarketAxess Price Performance

The business's 50 day moving average price is $213.24 and its 200 day moving average price is $234.96. The firm has a market cap of $7.55 billion, a PE ratio of 29.33, a PEG ratio of 4.26 and a beta of 0.98.

Insiders Place Their Bets

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $221.26, for a total value of $442,520.00. Following the transaction, the executive now owns 70,092 shares in the company, valued at $15,508,555.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On MarketAxess

Hedge funds have recently modified their holdings of the business. Nordea Investment Management AB grew its stake in MarketAxess by 316.1% during the 4th quarter. Nordea Investment Management AB now owns 11,546 shares of the financial services provider's stock valued at $3,367,000 after acquiring an additional 8,771 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of MarketAxess by 27.9% in the fourth quarter. New York State Common Retirement Fund now owns 96,476 shares of the financial services provider's stock valued at $28,253,000 after purchasing an additional 21,041 shares during the last quarter. Norris Perne & French LLP MI acquired a new stake in shares of MarketAxess in the fourth quarter valued at approximately $9,715,000. International Assets Investment Management LLC lifted its position in MarketAxess by 28,547.8% during the fourth quarter. International Assets Investment Management LLC now owns 13,178 shares of the financial services provider's stock worth $3,859,000 after buying an additional 13,132 shares in the last quarter. Finally, TCG Advisory Services LLC acquired a new position in MarketAxess during the fourth quarter worth $4,289,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.

About MarketAxess

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.