MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Cwm LLC

Cwm LLC cut its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) by 33.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427 shares of the financial services provider’s stock after selling 218 shares during the period. Cwm LLC’s holdings in MarketAxess were worth $95,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. raised its holdings in MarketAxess by 3.6% in the second quarter. Zions Bancorporation N.A. now owns 1,208 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 42 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of MarketAxess by 3.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,497 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 50 shares during the period. Texas Permanent School Fund raised its holdings in shares of MarketAxess by 1.1% during the second quarter. Texas Permanent School Fund now owns 4,984 shares of the financial services provider’s stock worth $1,276,000 after purchasing an additional 52 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of MarketAxess by 4.2% during the second quarter. Wealthfront Advisers LLC now owns 1,497 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 60 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of MarketAxess by 47.0% during the second quarter. Parallel Advisors LLC now owns 194 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 62 shares during the period. 96.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MKTX shares. Citigroup increased their target price on shares of MarketAxess from $285.00 to $360.00 in a report on Thursday, January 12th. StockNews.com started coverage on shares of MarketAxess in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Credit Suisse Group increased their target price on shares of MarketAxess from $284.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, December 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of MarketAxess from $265.00 to $340.00 in a report on Wednesday, January 11th. Finally, Piper Sandler dropped their price objective on shares of MarketAxess from $285.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, October 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $298.20.

MarketAxess Stock Down 0.3 %

Shares of MKTX opened at $328.04 on Wednesday. The firm has a 50-day moving average price of $281.68 and a 200 day moving average price of $261.74. The firm has a market capitalization of $12.35 billion, a PE ratio of 50.94 and a beta of 0.64. MarketAxess Holdings Inc. has a 52-week low of $217.44 and a 52-week high of $390.13.

MarketAxess (NASDAQ:MKTX – Get Rating) last announced its earnings results on Wednesday, October 19th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $172.10 million during the quarter, compared to analyst estimates of $172.41 million. MarketAxess had a net margin of 34.47% and a return on equity of 23.89%. MarketAxess’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. On average, equities analysts expect that MarketAxess Holdings Inc. will post 6.61 EPS for the current year.

About MarketAxess

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MarketAxess Holdings, Inc operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties.