JPMorgan Chase & Co. Boosts Nasdaq (NASDAQ:NDAQ) Price Target to $101.00

Nasdaq (NASDAQ:NDAQGet Free Report) had its price target increased by research analysts at JPMorgan Chase & Co. from $100.00 to $101.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 4.24% from the stock’s previous close.

A number of other research analysts have also commented on the company. Morgan Stanley set a $116.00 price target on Nasdaq and gave the company an “overweight” rating in a research report on Friday. Royal Bank Of Canada restated an “outperform” rating and set a $108.00 target price on shares of Nasdaq in a report on Friday. UBS Group reaffirmed a “buy” rating and issued a $120.00 price target (up previously from $115.00) on shares of Nasdaq in a research note on Monday, January 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Nasdaq in a research report on Friday, January 9th. Finally, TD Cowen raised their target price on shares of Nasdaq from $104.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Nasdaq has a consensus rating of “Moderate Buy” and a consensus target price of $103.13.

Get Our Latest Analysis on Nasdaq

Nasdaq Stock Down 1.2%

Shares of NASDAQ NDAQ opened at $96.89 on Friday. Nasdaq has a one year low of $64.84 and a one year high of $101.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.01 and a quick ratio of 0.99. The firm’s 50 day simple moving average is $95.74 and its two-hundred day simple moving average is $92.63. The stock has a market capitalization of $55.32 billion, a P/E ratio of 31.36, a PEG ratio of 1.47 and a beta of 1.01.

Nasdaq (NASDAQ:NDAQGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. As a group, analysts expect that Nasdaq will post 3.18 EPS for the current fiscal year.

Insider Buying and Selling at Nasdaq

In other news, EVP John Zecca sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the transaction, the executive vice president directly owned 125,674 shares of the company’s stock, valued at $12,568,656.74. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. This represents a 2.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 306,605 shares of company stock worth $29,546,812. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NDAQ. Vanguard Group Inc. lifted its stake in shares of Nasdaq by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 59,916,887 shares of the financial services provider’s stock valued at $5,819,727,000 after buying an additional 268,481 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Nasdaq by 4.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 27,627,767 shares of the financial services provider’s stock worth $2,683,485,000 after acquiring an additional 1,258,964 shares during the period. State Street Corp grew its position in shares of Nasdaq by 7.7% during the third quarter. State Street Corp now owns 19,619,192 shares of the financial services provider’s stock worth $1,735,318,000 after purchasing an additional 1,404,348 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 valued at $1,020,366,000 after purchasing an additional 89,391 shares during the period. Finally, Invesco Ltd. lifted its holdings in Nasdaq by 11.8% in the 3rd quarter. Invesco Ltd. now owns 5,044,521 shares of the financial services provider’s stock worth $446,188,000 after purchasing an additional 532,775 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

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About Nasdaq

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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.

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