Hixon Zuercher LLC reduced its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,941 shares of the financial services provider’s stock after selling 1,755 shares during the quarter. Hixon Zuercher LLC’s holdings in MarketAxess were worth $2,021,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC lifted its stake in MarketAxess by 17.5% during the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock worth $501,907,000 after purchasing an additional 291,134 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of MarketAxess by 0.6% in the 3rd quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider’s stock worth $343,032,000 after buying an additional 8,042 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of MarketAxess by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock valued at $275,122,000 after buying an additional 139,949 shares during the period. Stephens Investment Management Group LLC grew its position in shares of MarketAxess by 42.1% during the 3rd quarter. Stephens Investment Management Group LLC now owns 393,877 shares of the financial services provider’s stock valued at $100,911,000 after buying an additional 116,607 shares during the last quarter. Finally, Raymond James & Associates raised its stake in MarketAxess by 8.9% during the third quarter. Raymond James & Associates now owns 220,146 shares of the financial services provider’s stock worth $56,401,000 after acquiring an additional 17,945 shares during the period. Institutional investors own 99.01% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on MKTX. Deutsche Bank Aktiengesellschaft upped their target price on MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a report on Monday, November 11th. Piper Sandler dropped their target price on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley upped their price target on shares of MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. UBS Group lifted their price objective on shares of MarketAxess from $330.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Barclays decreased their target price on shares of MarketAxess from $260.00 to $256.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $261.30.
MarketAxess Stock Performance
Shares of MKTX opened at $217.77 on Friday. MarketAxess Holdings Inc. has a twelve month low of $192.42 and a twelve month high of $296.68. The firm’s 50 day moving average price is $232.82 and its two-hundred day moving average price is $247.34. The firm has a market cap of $8.21 billion, a P/E ratio of 29.51, a PEG ratio of 4.44 and a beta of 1.03.
MarketAxess (NASDAQ:MKTX – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.05. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The firm had revenue of $206.70 million for the quarter, compared to analyst estimates of $207.17 million. During the same quarter in the previous year, the firm earned $1.46 EPS. The business’s quarterly revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.25 earnings per share for the current fiscal year.
Insider Transactions at MarketAxess
In other MarketAxess news, Chairman Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $271.75, for a total value of $5,435,000.00. Following the transaction, the chairman now directly owns 592,029 shares of the company’s stock, valued at approximately $160,883,880.75. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Scott Pintoff sold 300 shares of MarketAxess stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the transaction, the general counsel now directly owns 8,302 shares in the company, valued at approximately $1,997,212.14. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,300 shares of company stock valued at $8,183,871. 2.66% of the stock is currently owned by company insiders.
MarketAxess Company 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.
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