Significant Wealth Partners LLC purchased a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,832 shares of the financial services provider's stock, valued at approximately $1,122,000.
Several other hedge funds have also recently modified their holdings of MKTX. Allworth Financial LP raised its holdings in shares of MarketAxess by 347.6% in the 4th quarter. Allworth Financial LP now owns 94 shares of the financial services provider's stock worth $28,000 after purchasing an additional 73 shares during the period. Gladius Capital Management LP raised its holdings in shares of MarketAxess by 39.6% in the 3rd quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider's stock worth $29,000 after purchasing an additional 38 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of MarketAxess by 47.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider's stock worth $39,000 after purchasing an additional 43 shares during the period. CVA Family Office LLC bought a new stake in shares of MarketAxess in the 4th quarter worth approximately $50,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of MarketAxess in the 4th quarter worth approximately $57,000. Institutional investors own 99.01% of the company's stock.
Analysts Set New Price Targets
MKTX has been the topic of a number of analyst reports. William Blair reissued an "outperform" rating on shares of MarketAxess in a report on Tuesday, January 23rd. The Goldman Sachs Group lowered their target price on shares of MarketAxess from $263.00 to $225.00 and set a "neutral" rating on the stock in a report on Thursday, February 1st. Piper Sandler reduced their price target on shares of MarketAxess from $250.00 to $237.00 and set a "neutral" rating for the company in a research report on Friday, April 12th. Morgan Stanley boosted their price target on shares of MarketAxess from $278.00 to $279.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 9th. Finally, Bank of America began coverage on shares of MarketAxess in a research report on Wednesday, April 10th. They set an "underperform" rating and a $199.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $252.80.
Read Our Latest Stock Report on MarketAxess
MarketAxess Price Performance
NASDAQ MKTX traded up $0.42 during trading on Monday, hitting $204.43. 278,187 shares of the company's stock traded hands, compared to its average volume of 425,340. The stock has a fifty day moving average of $215.98 and a two-hundred day moving average of $237.58. MarketAxess Holdings Inc. has a 12-month low of $199.34 and a 12-month high of $329.15. The firm has a market cap of $7.69 billion, a P/E ratio of 29.84, a PEG ratio of 4.26 and a beta of 0.98.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.11. MarketAxess had a net margin of 34.29% and a return on equity of 21.76%. The business had revenue of $197.20 million during the quarter, compared to analyst estimates of $196.70 million. During the same period in the prior year, the business posted $1.58 earnings per share. The company's revenue was up 10.8% on a year-over-year basis. As a group, analysts expect that MarketAxess Holdings Inc. will post 7.28 earnings per share for the current fiscal year.
Insider Buying and Selling at MarketAxess
In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $221.26, for a total transaction of $442,520.00. Following the completion of the sale, the executive now directly 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 link. Company insiders own 2.00% of the company's stock.
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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