111 Capital Has $242,000 Holdings in Nasdaq, Inc. $NDAQ

111 Capital trimmed its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 75.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,739 shares of the financial services provider’s stock after selling 8,350 shares during the quarter. 111 Capital’s holdings in Nasdaq were worth $242,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Front Row Advisors LLC acquired a new position in Nasdaq in the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Nasdaq during the second quarter worth about $27,000. Tripletail Wealth Management LLC acquired a new stake in Nasdaq in the third quarter valued at approximately $27,000. Westside Investment Management Inc. grew its position in Nasdaq by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 159 shares during the last quarter. Finally, West Branch Capital LLC acquired a new position in shares of Nasdaq in the third quarter valued at approximately $29,000. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Argus raised Nasdaq to a “strong-buy” rating in a research note on Wednesday, February 11th. Barclays reiterated an “overweight” rating and set a $115.00 target price (up from $114.00) on shares of Nasdaq in a research report on Friday, January 30th. Morgan Stanley set a $116.00 price target on shares of Nasdaq and gave the stock an “overweight” rating in a report on Friday, January 30th. JPMorgan Chase & Co. raised their price objective on Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $103.80.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $89.13 on Thursday. The company has a market capitalization of $50.67 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03. The company’s 50-day moving average is $92.20 and its 200 day moving average is $91.09. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. Nasdaq, Inc. has a fifty-two week low of $64.84 and a fifty-two week high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced 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. Nasdaq had a net margin of 21.77% and a return on equity of 16.90%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, March 16th. Nasdaq’s dividend payout ratio is presently 34.95%.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $96.91, for a total transaction of $29,073,000.00. Following the sale, the chief executive officer owned 1,924,903 shares in the company, valued at $186,542,349.73. This represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Zecca sold 4,500 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total value of $450,045.00. Following the sale, the executive vice president owned 125,674 shares in the company, valued at approximately $12,568,656.74. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 604,500 shares of company stock worth $58,440,045. Company insiders own 0.70% of the company’s stock.

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.