Xponance Inc. Has $2.54 Million Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Xponance Inc. lessened its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,686 shares of the financial services provider’s stock after selling 1,056 shares during the period. Xponance Inc.’s holdings in MarketAxess were worth $2,544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MKTX. Nordea Investment Management AB increased its holdings in shares of MarketAxess by 316.1% in the 4th quarter. Nordea Investment Management AB now owns 11,546 shares of the financial services provider’s stock valued at $3,367,000 after purchasing an additional 8,771 shares during the period. Norris Perne & French LLP MI acquired a new position in shares of MarketAxess in the 4th quarter valued at about $9,715,000. International Assets Investment Management LLC increased its holdings in shares of MarketAxess by 28,547.8% in the 4th quarter. International Assets Investment Management LLC now owns 13,178 shares of the financial services provider’s stock valued at $3,859,000 after purchasing an additional 13,132 shares during the period. Rhumbline Advisers increased its holdings in shares of MarketAxess by 3.4% in the 3rd quarter. Rhumbline Advisers now owns 91,847 shares of the financial services provider’s stock valued at $19,622,000 after purchasing an additional 3,024 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of MarketAxess by 2.0% in the 3rd quarter. Royal Bank of Canada now owns 1,705,958 shares of the financial services provider’s stock valued at $364,462,000 after purchasing an additional 33,288 shares during the period. Institutional investors and hedge funds own 99.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Piper Sandler dropped their target price on MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Rosenblatt Securities dropped their price objective on MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a report on Thursday, February 1st. Morgan Stanley increased their price objective on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Bank of America assumed coverage on MarketAxess in a report on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 price objective on the stock. Finally, Barclays dropped their price objective on MarketAxess from $239.00 to $236.00 and set an “equal weight” rating on the stock in a report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $252.80.

Insider Buying and Selling

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $221.26, for a total value of $442,520.00. Following the completion of the transaction, the executive now directly owns 70,092 shares of the company’s stock, valued at $15,508,555.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

MarketAxess Trading Up 0.2 %

MKTX opened at $204.43 on Tuesday. MarketAxess Holdings Inc. has a 1-year low of $199.34 and a 1-year high of $329.15. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 4.26 and a beta of 0.98. The business has a 50 day moving average of $215.98 and a 200-day moving average of $237.58.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.11. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The company had revenue of $197.20 million during the quarter, compared to analysts’ expectations of $196.70 million. During the same period in the prior year, the business earned $1.58 earnings per share. MarketAxess’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts predict that MarketAxess Holdings Inc. will post 7.28 EPS for the current year.

MarketAxess Company Profile

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.