1,792 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. purchased a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,792 shares of the financial services provider’s stock, valued at approximately $525,000.

A number of other hedge funds have also recently added to or reduced their stakes in MKTX. Allworth Financial LP lifted its holdings in MarketAxess by 347.6% during the fourth quarter. Allworth Financial LP now owns 94 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Gladius Capital Management LP lifted its holdings in MarketAxess by 39.6% during the third quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in MarketAxess by 47.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 43 shares in the last quarter. CVA Family Office LLC purchased a new position in MarketAxess during the fourth quarter valued at $50,000. Finally, Covestor Ltd lifted its holdings in MarketAxess by 32.0% during the third quarter. Covestor Ltd now owns 462 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 112 shares in the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.

MarketAxess Trading Up 0.2 %

MarketAxess stock opened at $204.43 on Tuesday. MarketAxess Holdings Inc. has a 12-month low of $199.34 and a 12-month high of $329.15. The stock has a market cap of $7.69 billion, a P/E ratio of 29.84, a PEG ratio of 4.26 and a beta of 0.98. The company has a 50-day moving average price of $215.98 and a 200 day moving average price of $237.58.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.11. MarketAxess had a net margin of 34.29% and a return on equity of 21.76%. The business had revenue of $197.20 million during the quarter, compared to analysts’ expectations of $196.70 million. During the same period last year, the business earned $1.58 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, analysts forecast that MarketAxess Holdings Inc. will post 7.28 EPS for the current year.

Insider Buying and Selling at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of MarketAxess stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $221.26, for a total transaction of $442,520.00. Following the completion of the sale, the executive now directly owns 70,092 shares in the company, valued at $15,508,555.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MKTX. Morgan Stanley increased their price objective on shares of MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Bank of America started coverage on shares of MarketAxess in a research report on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 target price for the company. The Goldman Sachs Group reduced their target price on shares of MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Rosenblatt Securities reduced their target price on shares of MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a research report on Thursday, February 1st. Finally, William Blair reiterated an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $252.80.

MarketAxess 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.