MarketAxess Holdings Inc. (NASDAQ:MKTX) insider Nicholas Themelis sold 5,400 shares of MarketAxess stock in a transaction on Friday, March 9th. The shares were sold at an average price of $218.11, for a total transaction of $1,177,794.00. Following the completion of the sale, the insider now owns 57,927 shares in the company, valued at $12,634,457.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) traded up $4.27 during midday trading on Monday, reaching $223.15. 225,482 shares of the company’s stock were exchanged, compared to its average volume of 272,352. The company has a market cap of $8,250.00, a P/E ratio of 53.13 and a beta of 0.57. MarketAxess Holdings Inc. has a one year low of $171.45 and a one year high of $223.62.
MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. MarketAxess had a net margin of 37.26% and a return on equity of 29.54%. The company had revenue of $99.57 million for the quarter, compared to the consensus estimate of $98.70 million. analysts forecast that MarketAxess Holdings Inc. will post 4.69 EPS for the current year.
Several large investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of MarketAxess by 1.5% in the 4th quarter. BlackRock Inc. now owns 3,104,233 shares of the financial services provider’s stock worth $626,279,000 after buying an additional 47,260 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of MarketAxess by 10.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,232,534 shares of the financial services provider’s stock worth $227,415,000 after buying an additional 115,038 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of MarketAxess by 34.6% in the 4th quarter. Alliancebernstein L.P. now owns 1,137,345 shares of the financial services provider’s stock worth $229,459,000 after buying an additional 292,437 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of MarketAxess by 0.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 988,574 shares of the financial services provider’s stock worth $182,402,000 after buying an additional 4,191 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of MarketAxess by 7.3% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 901,549 shares of the financial services provider’s stock worth $166,345,000 after buying an additional 61,023 shares in the last quarter. 99.82% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on MKTX. BidaskClub upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group downgraded shares of MarketAxess from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $215.00 price target on shares of MarketAxess in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of MarketAxess from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of MarketAxess in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $214.40.
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MarketAxess Company Profile
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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