MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Purchased by Cwm LLC

Cwm LLC increased its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 24.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 861 shares of the financial services provider’s stock after purchasing an additional 169 shares during the quarter. Cwm LLC’s holdings in MarketAxess were worth $252,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in MarketAxess during the 4th quarter worth approximately $301,000. Signaturefd LLC boosted its holdings in MarketAxess by 52.7% in the 4th quarter. Signaturefd LLC now owns 200 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 69 shares during the period. abrdn plc boosted its holdings in MarketAxess by 69.5% in the 4th quarter. abrdn plc now owns 15,984 shares of the financial services provider’s stock worth $4,681,000 after acquiring an additional 6,555 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in MarketAxess by 160.2% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 29,329 shares of the financial services provider’s stock worth $8,589,000 after acquiring an additional 18,058 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new position in MarketAxess in the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the transaction, the executive now directly owns 70,092 shares of the company’s stock, valued at $15,508,555.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

MarketAxess Price Performance

Shares of NASDAQ MKTX opened at $203.82 on Friday. MarketAxess Holdings Inc. has a 1-year low of $199.33 and a 1-year high of $303.85. The business’s fifty day moving average price is $213.67 and its two-hundred day moving average price is $235.45. The firm has a market capitalization of $7.66 billion, a PE ratio of 29.75, a P/E/G ratio of 4.31 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.11. The firm had revenue of $197.20 million for the quarter, compared to analyst estimates of $196.70 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the company earned $1.58 earnings per share. Equities research analysts expect that MarketAxess Holdings Inc. will post 7.28 earnings per share for the current fiscal year.

About MarketAxess

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.