MarketAxess Holdings Inc. $MKTX Stake Decreased by Nordea Investment Management AB

Nordea Investment Management AB cut its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 68.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,155 shares of the financial services provider’s stock after selling 13,579 shares during the period. Nordea Investment Management AB’s holdings in MarketAxess were worth $1,081,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in MarketAxess by 485.6% during the 2nd quarter. AQR Capital Management LLC now owns 758,462 shares of the financial services provider’s stock valued at $167,195,000 after acquiring an additional 628,954 shares in the last quarter. Norges Bank acquired a new position in shares of MarketAxess during the second quarter valued at $114,593,000. American Century Companies Inc. raised its stake in shares of MarketAxess by 119.1% during the second quarter. American Century Companies Inc. now owns 487,197 shares of the financial services provider’s stock valued at $108,811,000 after purchasing an additional 264,855 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in MarketAxess by 181.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 250,037 shares of the financial services provider’s stock worth $55,843,000 after purchasing an additional 161,115 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in MarketAxess by 535.8% in the second quarter. Bank of Nova Scotia now owns 108,481 shares of the financial services provider’s stock worth $24,228,000 after purchasing an additional 91,419 shares during the period. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Stock Performance

NASDAQ MKTX opened at $176.08 on Tuesday. MarketAxess Holdings Inc. has a 1 year low of $156.17 and a 1 year high of $232.84. The business’s fifty day moving average is $173.33 and its two-hundred day moving average is $181.77. The stock has a market capitalization of $6.54 billion, a P/E ratio of 29.95, a P/E/G ratio of 4.45 and a beta of 0.97.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Friday, November 7th. The financial services provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.15. The business had revenue of $208.82 million during the quarter, compared to analyst estimates of $212.59 million. MarketAxess had a return on equity of 20.20% and a net margin of 26.16%.The company’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $1.90 EPS. On average, research analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Loop Capital set a $164.00 target price on shares of MarketAxess in a research note on Tuesday, October 14th. Barclays decreased their price objective on shares of MarketAxess from $188.00 to $182.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. UBS Group dropped their target price on MarketAxess from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Weiss Ratings raised MarketAxess from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Finally, Zacks Research upgraded MarketAxess from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $201.64.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.