Baillie Gifford & Co. Sells 22,491 Shares of MarketAxess Holdings Inc. $MKTX

Baillie Gifford & Co. lowered its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 12.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,198 shares of the financial services provider’s stock after selling 22,491 shares during the period. Baillie Gifford & Co. owned 0.44% of MarketAxess worth $28,612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp grew its position in MarketAxess by 151.0% during the first quarter. Jones Financial Companies Lllp now owns 2,683 shares of the financial services provider’s stock worth $580,000 after buying an additional 1,614 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of MarketAxess by 8.4% in the 1st quarter. Empowered Funds LLC now owns 1,716 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 133 shares in the last quarter. Woodline Partners LP boosted its position in shares of MarketAxess by 40.7% during the 1st quarter. Woodline Partners LP now owns 3,185 shares of the financial services provider’s stock valued at $689,000 after acquiring an additional 921 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of MarketAxess by 200.0% during the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 80 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of MarketAxess during the second quarter worth about $406,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

MarketAxess Stock Down 0.1%

Shares of NASDAQ:MKTX opened at $171.52 on Friday. The stock has a market cap of $6.38 billion, a PE ratio of 29.17, a PEG ratio of 4.34 and a beta of 0.97. The company’s fifty day moving average is $173.28 and its 200 day moving average is $180.68. MarketAxess Holdings Inc. has a 52 week low of $156.17 and a 52 week high of $232.84.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Friday, November 7th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating 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 net margin of 26.16% and a return on equity of 20.20%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 earnings per share. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of MarketAxess from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Piper Sandler lowered their price objective on shares of MarketAxess from $180.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Zacks Research upgraded shares of MarketAxess from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Wall Street Zen cut MarketAxess from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Finally, Barclays dropped their price target on MarketAxess from $188.00 to $182.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. Four equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $201.64.

MarketAxess 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.