Analysts Set MarketAxess Holdings Inc. (NASDAQ:MKTX) PT at $261.30

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) have earned an average rating of “Hold” from the eleven research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $261.30.

A number of research analysts recently commented on the stock. UBS Group upped their price target on shares of MarketAxess from $330.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Citigroup increased their target price on MarketAxess from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Barclays reduced their price target on MarketAxess from $260.00 to $256.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Piper Sandler lowered their price objective on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley boosted their target price on shares of MarketAxess from $262.00 to $314.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th.

Insiders Place Their Bets

In other MarketAxess news, General Counsel Scott Pintoff sold 300 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $240.57, for a total value of $72,171.00. Following the sale, the general counsel now owns 8,302 shares of the company’s stock, valued at approximately $1,997,212.14. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Richard M. Mcvey sold 10,000 shares of MarketAxess stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $267.67, for a total value of $2,676,700.00. Following the completion of the transaction, the chairman now owns 562,029 shares in the company, valued at approximately $150,438,302.43. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,300 shares of company stock worth $8,183,871 over the last ninety days. Corporate insiders own 2.66% of the company’s stock.

Institutional Investors Weigh In On MarketAxess

Hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its stake in MarketAxess by 17.5% in the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock valued at $501,907,000 after purchasing an additional 291,134 shares during the last quarter. Primecap Management Co. CA increased its holdings in MarketAxess by 0.6% in the 3rd quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider’s stock worth $343,032,000 after purchasing an additional 8,042 shares in the last quarter. Geode Capital Management LLC raised its position in MarketAxess by 14.9% in the third quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock valued at $275,122,000 after purchasing an additional 139,949 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of MarketAxess by 53.5% during the second quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider’s stock valued at $164,447,000 after purchasing an additional 285,665 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in shares of MarketAxess by 42.1% during the third quarter. Stephens Investment Management Group LLC now owns 393,877 shares of the financial services provider’s stock worth $100,911,000 after purchasing an additional 116,607 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Trading Up 0.7 %

Shares of NASDAQ MKTX opened at $221.96 on Wednesday. The company has a market capitalization of $8.37 billion, a P/E ratio of 30.08, a P/E/G ratio of 4.44 and a beta of 1.03. MarketAxess has a 12 month low of $192.42 and a 12 month high of $296.68. The stock has a 50 day moving average of $238.70 and a 200-day moving average of $247.17.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. The firm had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 earnings per share. Analysts predict that MarketAxess will post 7.29 EPS for the current fiscal year.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.