MarketAxess Holdings Inc. (NASDAQ:MKTX) Stock Holdings Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 141.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,060 shares of the financial services provider’s stock after buying an additional 48,684 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.22% of MarketAxess worth $18,775,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MKTX. Accent Capital Management LLC purchased a new position in MarketAxess during the 3rd quarter worth approximately $25,000. Park Place Capital Corp purchased a new position in shares of MarketAxess during the 4th quarter valued at $44,000. R Squared Ltd purchased a new position in shares of MarketAxess during the 4th quarter valued at $47,000. Exchange Traded Concepts LLC purchased a new position in shares of MarketAxess during the 3rd quarter valued at $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of MarketAxess by 555.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Performance

Shares of MKTX opened at $220.63 on Friday. The company has a 50-day simple moving average of $232.03 and a 200-day simple moving average of $247.35. The firm has a market capitalization of $8.32 billion, a P/E ratio of 29.90, a P/E/G ratio of 4.44 and a beta of 1.03. MarketAxess Holdings Inc. has a 52 week low of $192.42 and a 52 week high of $296.68.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.05. The business had revenue of $206.70 million during the quarter, compared to analyst estimates of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 earnings per share. As a group, equities analysts forecast that MarketAxess Holdings Inc. will post 7.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MKTX shares. UBS Group boosted their price target on shares of MarketAxess from $330.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays decreased their price objective on shares of MarketAxess from $260.00 to $256.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Piper Sandler decreased their price objective on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their price objective on shares of MarketAxess from $255.00 to $251.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Finally, Morgan Stanley boosted their target price on shares of MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $261.30.

Insider Activity at MarketAxess

In other MarketAxess news, Chairman Richard M. Mcvey sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $267.67, for a total transaction of $2,676,700.00. Following the sale, the chairman now directly owns 562,029 shares of the company’s stock, valued at approximately $150,438,302.43. This represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Scott Pintoff sold 300 shares of the company’s stock in a transaction dated 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 $1,997,212.14. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,300 shares of company stock valued at $8,183,871 over the last quarter. 2.66% of the stock is owned by company insiders.

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.