MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 16.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,350 shares of the financial services provider’s stock after selling 640 shares during the period. Inspire Investing LLC’s holdings in MarketAxess were worth $757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MKTX. Dimensional Fund Advisors LP raised its position in shares of MarketAxess by 49.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 323,064 shares of the financial services provider’s stock worth $64,784,000 after acquiring an additional 107,315 shares in the last quarter. Pacer Advisors Inc. increased its position in MarketAxess by 11.3% during the second quarter. Pacer Advisors Inc. now owns 3,317 shares of the financial services provider’s stock worth $665,000 after buying an additional 336 shares during the period. ProShare Advisors LLC increased its position in MarketAxess by 0.9% during the second quarter. ProShare Advisors LLC now owns 11,723 shares of the financial services provider’s stock worth $2,351,000 after buying an additional 108 shares during the period. Public Sector Pension Investment Board increased its position in MarketAxess by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 6,407 shares of the financial services provider’s stock worth $1,285,000 after buying an additional 453 shares during the period. Finally, Bank of Montreal Can increased its position in MarketAxess by 3.8% during the second quarter. Bank of Montreal Can now owns 61,119 shares of the financial services provider’s stock worth $12,290,000 after buying an additional 2,219 shares during the period. Institutional investors and hedge funds own 99.01% of the company’s stock.

Insiders Place Their Bets

In other MarketAxess news, General Counsel Scott Pintoff sold 300 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $240.57, for a total transaction of $72,171.00. Following the sale, the general counsel now directly owns 8,302 shares in the company, valued at approximately $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $271.75, for a total value of $5,435,000.00. Following the sale, the chairman now owns 592,029 shares in the company, valued at approximately $160,883,880.75. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,300 shares of company stock worth $8,183,871. 2.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MKTX has been the topic of several research analyst reports. Barclays cut their price target on MarketAxess from $260.00 to $256.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price target on MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price target on MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Bank of America lowered their target price on MarketAxess from $193.00 to $185.00 and set an “underperform” rating on the stock in a research note on Thursday, October 3rd. Finally, Piper Sandler lowered their target price on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, MarketAxess currently has a consensus rating of “Hold” and an average target price of $261.30.

MarketAxess Price Performance

MarketAxess stock opened at $224.43 on Friday. MarketAxess Holdings Inc. has a 1-year low of $192.42 and a 1-year high of $296.68. The company has a market cap of $8.46 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 4.58 and a beta of 1.03. The stock’s 50 day moving average price is $236.34 and its 200 day moving average price is $247.01.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.05. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The firm had revenue of $206.70 million for the quarter, compared to the consensus estimate of $207.17 million. During the same period in the previous year, the business earned $1.46 earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.25 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.