Alps Advisors Inc. lowered its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 6.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,247 shares of the company’s stock after selling 220 shares during the period. Alps Advisors Inc.’s holdings in MarketAxess Holdings were worth $472,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in shares of MarketAxess Holdings during the second quarter worth approximately $177,000. Daiwa Securities Group Inc. bought a new stake in shares of MarketAxess Holdings during the second quarter worth approximately $160,000. Adams Diversified Equity Fund Inc. bought a new stake in shares of MarketAxess Holdings during the second quarter worth approximately $436,000. Parametrica Management Ltd bought a new stake in shares of MarketAxess Holdings during the second quarter worth approximately $288,000. Finally, LS Investment Advisors LLC boosted its stake in shares of MarketAxess Holdings by 73.6% in the second quarter. LS Investment Advisors LLC now owns 2,265 shares of the company’s stock worth $329,000 after buying an additional 960 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.
Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) traded down 1.19% on Tuesday, hitting $162.20. The company had a trading volume of 355,800 shares. MarketAxess Holdings Inc. has a 12-month low of $86.19 and a 12-month high of $178.21. The company has a 50 day moving average of $168.55 and a 200-day moving average of $146.42. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 55.93 and a beta of 0.65.
MarketAxess Holdings (NASDAQ:MKTX) last announced its earnings results on Thursday, July 28th. The company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. MarketAxess Holdings had a return on equity of 27.14% and a net margin of 32.52%. The firm had revenue of $96.60 million for the quarter, compared to analysts’ expectations of $93.98 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. On average, analysts forecast that MarketAxess Holdings Inc. will post $3.23 earnings per share for the current year.
MKTX has been the topic of several analyst reports. Zacks Investment Research cut MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Credit Suisse Group AG restated a “sell” rating and set a $106.00 price objective on shares of MarketAxess Holdings in a report on Friday, July 29th. Keefe, Bruyette & Woods raised their price objective on MarketAxess Holdings from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Raymond James Financial Inc. cut MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, July 15th. Finally, Citigroup Inc. cut MarketAxess Holdings to a “market perform” rating in a report on Friday, July 15th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $140.75.
In other MarketAxess Holdings news, insider Nicholas Themelis sold 6,200 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $165.40, for a total value of $1,025,480.00. Following the transaction, the insider now owns 70,799 shares of the company’s stock, valued at $11,710,154.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard M. Mcvey sold 30,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $162.33, for a total value of $4,869,900.00. Following the completion of the transaction, the chief executive officer now directly owns 1,091,457 shares in the company, valued at approximately $177,176,214.81. The disclosure for this sale can be found here. Corporate insiders own 4.51% of the company’s stock.
MarketAxess Holdings Company Profile
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.
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