Buckingham Research began coverage on shares of MarketAxess (NASDAQ:MKTX) in a research report report published on Thursday, MarketBeat reports. The firm issued a neutral rating on the financial services provider’s stock.
A number of other brokerages have also weighed in on MKTX. BidaskClub upgraded MarketAxess from a hold rating to a buy rating in a research note on Saturday, December 8th. Zacks Investment Research raised MarketAxess from a hold rating to a buy rating and set a $246.00 price target on the stock in a research report on Wednesday, December 5th. Goldman Sachs Group began coverage on MarketAxess in a research report on Monday, November 5th. They set a sell rating on the stock. ValuEngine raised MarketAxess from a hold rating to a buy rating in a research report on Thursday, October 4th. Finally, Barclays reissued a hold rating and set a $198.00 price target on shares of MarketAxess in a research report on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $215.50.
Shares of NASDAQ MKTX opened at $212.59 on Thursday. The company has a market cap of $8.01 billion, a PE ratio of 54.51, a PEG ratio of 8.26 and a beta of 0.18. MarketAxess has a 1-year low of $172.09 and a 1-year high of $231.33.
In other MarketAxess news, insider Kevin M. Mcpherson sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $216.89, for a total value of $542,225.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Richard M. Mcvey sold 23,842 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $211.93, for a total value of $5,052,835.06. Following the completion of the sale, the chief executive officer now directly owns 1,054,986 shares in the company, valued at approximately $223,583,182.98. The disclosure for this sale can be found here. Corporate insiders own 3.52% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC acquired a new stake in shares of MarketAxess in the 2nd quarter valued at $1,245,000. Vident Investment Advisory LLC acquired a new stake in shares of MarketAxess in the 2nd quarter valued at $761,000. Wells Fargo & Company MN boosted its holdings in shares of MarketAxess by 11.0% in the 3rd quarter. Wells Fargo & Company MN now owns 1,253,683 shares of the financial services provider’s stock valued at $223,770,000 after purchasing an additional 124,489 shares in the last quarter. Standard Life Aberdeen plc boosted its holdings in shares of MarketAxess by 0.7% in the 3rd quarter. Standard Life Aberdeen plc now owns 128,185 shares of the financial services provider’s stock valued at $22,891,000 after purchasing an additional 897 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of MarketAxess by 8.9% in the 3rd quarter. Victory Capital Management Inc. now owns 89,754 shares of the financial services provider’s stock valued at $16,021,000 after purchasing an additional 7,355 shares in the last quarter. 99.17% of the stock is currently owned by hedge funds and other institutional investors.
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.
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