Nasdaq, Inc. $NDAQ Shares Sold by Fosun International Ltd

Fosun International Ltd reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 46.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,834 shares of the financial services provider’s stock after selling 9,516 shares during the period. Fosun International Ltd’s holdings in Nasdaq were worth $854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NDAQ. Fiduciary Financial Advisors acquired a new position in shares of Nasdaq in the 2nd quarter valued at $25,000. MV Capital Management Inc. purchased a new position in shares of Nasdaq in the 4th quarter valued at $28,000. Nemes Rush Group LLC acquired a new stake in Nasdaq during the 4th quarter worth $35,000. Uniplan Investment Counsel Inc. acquired a new stake in Nasdaq during the 4th quarter worth $35,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Nasdaq in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,000 shares of Nasdaq stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the transaction, the executive vice president directly owned 128,293 shares in the company, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ab Investor bought 56,782 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the acquisition, the insider owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. This trade represents a 0.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 41,797 shares of company stock valued at $3,926,319 in the last ninety days. Insiders own 0.60% of the company’s stock.

Nasdaq Stock Performance

Shares of Nasdaq stock opened at $99.31 on Monday. Nasdaq, Inc. has a 1 year low of $76.55 and a 1 year high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $55.51 billion, a P/E ratio of 28.95, a PEG ratio of 1.32 and a beta of 0.96. The company’s fifty day moving average is $91.20 and its two-hundred day moving average is $88.42.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. Analysts forecast that Nasdaq, Inc. will post 4.15 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Nasdaq’s payout ratio is 36.15%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NDAQ shares. Zacks Research upgraded shares of Nasdaq from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Morgan Stanley reiterated an “overweight” rating and set a $120.00 target price on shares of Nasdaq in a research report on Friday, July 24th. TD Cowen reissued a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Barclays reissued an “overweight” rating and issued a $111.00 target price (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Finally, Keefe, Bruyette & Woods lifted their price target on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Nasdaq has a consensus rating of “Buy” and an average price target of $110.30.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.