AEGON ASSET MANAGEMENT UK Plc Purchases 7,558 Shares of Nasdaq, Inc. $NDAQ

AEGON ASSET MANAGEMENT UK Plc increased its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 194,200 shares of the financial services provider’s stock after acquiring an additional 7,558 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Nasdaq were worth $17,171,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Nasdaq by 5.3% in the second quarter. Vanguard Group Inc. now owns 55,800,000 shares of the financial services provider’s stock worth $4,989,636,000 after buying an additional 2,820,339 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Nasdaq by 33.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 27,274,620 shares of the financial services provider’s stock valued at $2,438,897,000 after acquiring an additional 6,840,735 shares during the period. Geode Capital Management LLC lifted its stake in shares of Nasdaq by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 11,456,699 shares of the financial services provider’s stock worth $1,020,366,000 after purchasing an additional 89,391 shares during the last quarter. Norges Bank purchased a new stake in shares of Nasdaq during the 2nd quarter worth $406,823,000. Finally, Amundi boosted its position in Nasdaq by 55.7% during the second quarter. Amundi now owns 3,535,689 shares of the financial services provider’s stock valued at $316,515,000 after purchasing an additional 1,264,975 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NDAQ. JPMorgan Chase & Co. boosted their target price on shares of Nasdaq from $111.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Morgan Stanley reissued an “overweight” rating and set a $113.00 target price (up previously from $111.00) on shares of Nasdaq in a research report on Thursday, January 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a report on Thursday, October 9th. Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 price target (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Nasdaq in a research report on Friday, January 9th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.67.

Insider Buying and Selling at Nasdaq

In related news, CEO Adena T. Friedman sold 300,000 shares of Nasdaq stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,924,903 shares in the company, valued at approximately $185,541,400.17. This trade represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the transaction, the executive vice president directly owned 84,974 shares of the company’s stock, valued at $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 306,605 shares of company stock worth $29,546,812. Insiders own 0.70% of the company’s stock.

Nasdaq Stock Down 0.7%

NDAQ stock opened at $98.05 on Monday. The company has a market capitalization of $55.99 billion, a P/E ratio of 35.02, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $101.79. The firm’s fifty day simple moving average is $94.56 and its 200-day simple moving average is $92.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.