MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 1,927.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,237 shares of the financial services provider’s stock after acquiring an additional 4,028 shares during the quarter. Exchange Traded Concepts LLC’s holdings in MarketAxess were worth $958,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Accent Capital Management LLC purchased a new position in shares of MarketAxess during the third quarter worth $25,000. Park Place Capital Corp acquired a new position in MarketAxess during the 4th quarter worth about $44,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in MarketAxess by 555.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 200 shares during the period. Assetmark Inc. grew its position in MarketAxess by 160.3% in the 3rd quarter. Assetmark Inc. now owns 380 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 234 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in MarketAxess by 128.2% during the third quarter. GAMMA Investing LLC now owns 502 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 282 shares during the period. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MKTX. Deutsche Bank Aktiengesellschaft increased their price objective on MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a research note on Monday, November 11th. UBS Group raised their target price on shares of MarketAxess from $330.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays cut their price objective on MarketAxess from $260.00 to $256.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Piper Sandler dropped their price objective on MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Citigroup increased their price target on shares of MarketAxess from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $261.30.

MarketAxess Trading Down 0.9 %

Shares of MKTX opened at $223.29 on Wednesday. MarketAxess Holdings Inc. has a twelve month low of $192.42 and a twelve month high of $296.68. The firm has a market capitalization of $8.42 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 4.58 and a beta of 1.03. The stock’s fifty day simple moving average is $234.62 and its 200 day simple moving average is $247.75.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.05. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The company had revenue of $206.70 million during the quarter, compared to analyst estimates of $207.17 million. During the same quarter in the prior year, the business earned $1.46 earnings per share. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. Sell-side analysts predict that MarketAxess Holdings Inc. will post 7.25 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman Richard M. Mcvey sold 10,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $267.67, for a total value of $2,676,700.00. Following the completion of the transaction, the chairman now owns 562,029 shares of the company’s stock, valued at approximately $150,438,302.43. This represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Scott Pintoff sold 300 shares of the 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 owns 8,302 shares of the company’s stock, valued at approximately $1,997,212.14. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,300 shares of company stock worth $8,183,871 over the last quarter. 2.66% of the stock is owned by corporate insiders.

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.