XTX Topco Ltd Purchases New Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

XTX Topco Ltd acquired 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 13F filing with the Securities & Exchange Commission. The fund acquired 1,277 shares of the financial services provider's stock, valued at approximately $289,000.

Other institutional investors have also recently bought and sold shares of the company. First Hawaiian Bank acquired a new stake in MarketAxess in the 4th quarter valued at $1,088,000. Keybank National Association OH grew its holdings in shares of MarketAxess by 18.2% in the 4th quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider's stock valued at $1,842,000 after acquiring an additional 1,256 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MarketAxess by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider's stock valued at $82,103,000 after acquiring an additional 5,153 shares during the last quarter. Norden Group LLC acquired a new stake in shares of MarketAxess in the fourth quarter valued at about $539,000. Finally, Taika Capital LP acquired a new stake in shares of MarketAxess in the fourth quarter valued at about $2,689,000. Institutional investors and hedge funds own 99.01% of the company's stock.

MarketAxess Trading Down 0.0 %

Shares of NASDAQ:MKTX traded down $0.10 during trading on Wednesday, reaching $221.59. 669,169 shares of the stock were exchanged, compared to its average volume of 491,480. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The firm has a market cap of $8.24 billion, a PE ratio of 30.48, a PEG ratio of 3.89 and a beta of 1.12. The stock has a 50-day moving average price of $211.95 and a 200-day moving average price of $231.44.

MarketAxess (NASDAQ:MKTX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, sell-side analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. William Blair assumed coverage on MarketAxess in a research report on Friday, April 4th. They issued an "outperform" rating on the stock. Piper Sandler lowered their target price on MarketAxess from $220.00 to $213.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. 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. The Goldman Sachs Group lowered their price target on MarketAxess from $235.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Finally, Morgan Stanley raised MarketAxess from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $252.11.

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.