MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Purchased by North Reef Capital Management LP

North Reef Capital Management LP increased its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) by 69.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,318 shares of the financial services provider's stock after acquiring an additional 111,318 shares during the period. MarketAxess comprises 2.8% of North Reef Capital Management LP's holdings, making the stock its 14th largest position. North Reef Capital Management LP owned approximately 0.72% of MarketAxess worth $61,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKTX. Global X Japan Co. Ltd. increased its position in shares of MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider's stock valued at $25,000 after buying an additional 70 shares in the last quarter. Allianz SE purchased a new stake in shares of MarketAxess during the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC increased its position in shares of MarketAxess by 495.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock worth $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock worth $32,000 after purchasing an additional 139 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after purchasing an additional 104 shares in the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MKTX. Barclays boosted their price target on MarketAxess from $225.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Morgan Stanley upgraded MarketAxess from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price target on MarketAxess from $251.00 to $225.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group dropped their target price on MarketAxess from $235.00 to $210.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Finally, William Blair initiated coverage on shares of MarketAxess in a report on Friday, April 4th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $252.11.

MarketAxess Price Performance

Shares of NASDAQ MKTX traded up $0.69 during midday trading on Wednesday, hitting $222.38. The company's stock had a trading volume of 260,019 shares, compared to its average volume of 489,654. The business's fifty day simple moving average is $211.40 and its two-hundred day simple moving average is $231.51. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess 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.