NINE MASTS CAPITAL Ltd Has $2.14 Million Holdings in Nasdaq, Inc. $NDAQ

NINE MASTS CAPITAL Ltd grew its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 106.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,130 shares of the financial services provider’s stock after acquiring an additional 13,992 shares during the quarter. NINE MASTS CAPITAL Ltd’s holdings in Nasdaq were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Independent Advisor Alliance raised its stake in Nasdaq by 2.6% during the 4th quarter. Independent Advisor Alliance now owns 4,574 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 117 shares during the last quarter. Quantum Portfolio Management LLC grew its position in Nasdaq by 1.8% in the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock worth $606,000 after purchasing an additional 123 shares during the last quarter. Avidian Wealth Enterprises LLC increased its holdings in shares of Nasdaq by 5.2% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,713 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 133 shares during the period. Fielder Capital Group LLC increased its holdings in shares of Nasdaq by 3.1% during the 4th quarter. Fielder Capital Group LLC now owns 4,571 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 137 shares during the period. Finally, Arkadios Wealth Advisors raised its position in shares of Nasdaq by 2.5% during the first quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider’s stock valued at $479,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NDAQ shares. Barclays reissued an “overweight” rating and set a $111.00 target price (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Keefe, Bruyette & Woods upped their price target on Nasdaq from $92.00 to $102.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Morgan Stanley reiterated an “overweight” rating and issued a $120.00 price objective on shares of Nasdaq in a research report on Friday, July 24th. Raymond James Financial reissued an “outperform” rating and set a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. Finally, TD Cowen restated a “buy” rating and set a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $110.30.

Insider Activity

In other news, insider Pc Nelson Griggs sold 11,010 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the completion of the transaction, the insider directly owned 205,001 shares of the company’s stock, valued at approximately $19,751,846.35. This represents a 5.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Ab Investor bought 56,782 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the transaction, the insider directly owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 41,797 shares of company stock worth $3,926,319. Company insiders own 0.60% of the company’s stock.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $99.31 on Monday. 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 50-day moving average of $91.20 and a 200-day moving average of $88.42. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $101.79. The company has a market capitalization of $55.51 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.32 and a beta of 0.96.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities research analysts anticipate that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

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

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.