Picton Mahoney Asset Management bought a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 36,978 shares of the financial services provider's stock, valued at approximately $10,829,000. Picton Mahoney Asset Management owned 0.10% of MarketAxess as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of MarketAxess by 2.0% during the third quarter. Royal Bank of Canada now owns 1,705,958 shares of the financial services provider's stock valued at $364,462,000 after purchasing an additional 33,288 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of MarketAxess by 8.0% during the fourth quarter. Van ECK Associates Corp now owns 1,367,613 shares of the financial services provider's stock valued at $400,506,000 after acquiring an additional 101,829 shares in the last quarter. Primecap Management Co. CA raised its position in shares of MarketAxess by 0.9% in the 3rd quarter. Primecap Management Co. CA now owns 1,118,220 shares of the financial services provider's stock worth $238,897,000 after purchasing an additional 10,450 shares during the last quarter. FMR LLC boosted its stake in MarketAxess by 385.6% in the 3rd quarter. FMR LLC now owns 545,563 shares of the financial services provider's stock worth $116,554,000 after purchasing an additional 433,217 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in MarketAxess by 4.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 540,927 shares of the financial services provider's stock valued at $115,564,000 after purchasing an additional 23,070 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on MKTX shares. The Goldman Sachs Group dropped their target price on shares of MarketAxess from $263.00 to $225.00 and set a "neutral" rating on the stock in a research note on Thursday, February 1st. Bank of America assumed coverage on MarketAxess in a report on Wednesday, April 10th. They issued an "underperform" rating and a $199.00 target price for the company. Barclays lowered their price target on MarketAxess from $239.00 to $236.00 and set an "equal weight" rating on the stock in a report on Monday, April 8th. Rosenblatt Securities reduced their price objective on MarketAxess from $229.00 to $210.00 and set a "sell" rating for the company in a report on Thursday, February 1st. Finally, Piper Sandler lowered their target price on shares of MarketAxess from $250.00 to $237.00 and set a "neutral" rating on the stock in a research note on Friday, April 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given 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 Analysis on MarketAxess
Insider Activity at MarketAxess
In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $221.26, for a total value of $442,520.00. Following the completion of the transaction, the executive now directly owns 70,092 shares of the company's stock, valued at $15,508,555.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.66% of the stock is owned by corporate insiders.
MarketAxess Stock Performance
Shares of MKTX traded down $4.91 during midday trading on Tuesday, hitting $200.89. 686,979 shares of the company traded hands, compared to its average volume of 423,822. MarketAxess Holdings Inc. has a 52 week low of $198.01 and a 52 week high of $303.85. The firm has a 50 day moving average of $213.24 and a 200-day moving average of $234.96. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 4.26 and a beta of 0.98.
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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Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report).
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