XTX Topco Ltd Takes $289,000 Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

XTX Topco Ltd acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,277 shares of the financial services provider’s stock, valued at approximately $289,000.

Several other hedge funds have also modified their holdings of the stock. Barclays PLC grew its stake in shares of MarketAxess by 16.5% during the 3rd quarter. Barclays PLC now owns 140,760 shares of the financial services provider’s stock valued at $36,063,000 after buying an additional 19,962 shares during the period. Virtu Financial LLC purchased a new position in shares of MarketAxess in the 3rd quarter worth $836,000. Pine Valley Investments Ltd Liability Co boosted its holdings in MarketAxess by 3.7% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 10,304 shares of the financial services provider’s stock valued at $2,640,000 after acquiring an additional 369 shares during the last quarter. Franklin Resources Inc. grew its position in MarketAxess by 242.7% during the third quarter. Franklin Resources Inc. now owns 8,215 shares of the financial services provider’s stock valued at $2,337,000 after acquiring an additional 5,818 shares during the period. Finally, Principal Financial Group Inc. increased its stake in MarketAxess by 22.9% during the third quarter. Principal Financial Group Inc. now owns 55,679 shares of the financial services provider’s stock worth $14,265,000 after acquiring an additional 10,361 shares during the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MKTX has been the topic of several research analyst reports. Bank of America lifted their price objective on MarketAxess from $189.00 to $191.00 and gave the company an “underperform” rating in a research note on Wednesday, April 2nd. Barclays boosted their price objective on shares of MarketAxess from $225.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Monday, April 7th. The Goldman Sachs Group cut their target price on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Keefe, Bruyette & Woods decreased their price target on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, Piper Sandler lowered their price target on MarketAxess from $220.00 to $213.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $252.11.

MarketAxess Price Performance

Shares of MarketAxess stock opened at $218.19 on Friday. MarketAxess Holdings Inc. has a 1-year low of $186.84 and a 1-year high of $296.68. The company has a market capitalization of $8.22 billion, a PE ratio of 30.01, a P/E/G ratio of 3.89 and a beta of 1.12. The business has a 50-day moving average of $209.72 and a 200-day moving average of $232.99.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, beating 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, equities analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

About MarketAxess

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.