10,820 Nasdaq, Inc. $NDAQ Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC cut its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 49.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,036 shares of the financial services provider’s stock after selling 10,820 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Nasdaq were worth $1,015,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Nasdaq in the 2nd quarter worth approximately $2,931,637,000. Bank of America Corp DE purchased a new stake in Nasdaq during the 2nd quarter valued at approximately $603,631,000. The Manufacturers Life Insurance Company purchased a new stake in Nasdaq during the 2nd quarter valued at approximately $377,818,000. Legal & General Group Plc bought a new stake in shares of Nasdaq during the second quarter valued at approximately $220,130,000. Finally, Deutsche Bank AG bought a new stake in shares of Nasdaq during the second quarter valued at approximately $180,099,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nasdaq

In related news, insider Nelson Griggs sold 11,010 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $96.35, for a total value of $1,060,813.50. Following the completion of the transaction, the insider directly owned 205,001 shares of the company’s stock, valued at approximately $19,751,846.35. This trade represents a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 1,125 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $95.00, for a total transaction of $106,875.00. Following the completion of the sale, the executive vice president owned 96,561 shares in the company, valued at $9,173,295. This represents a 1.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,520 shares of company stock worth $2,520,957 over the last ninety days. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NDAQ shares. Morgan Stanley boosted their target price on shares of Nasdaq from $118.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America cut their target price on shares of Nasdaq from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Argus raised their target price on shares of Nasdaq from $103.00 to $111.00 in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $118.00 price target on shares of Nasdaq in a report on Friday. Finally, The Goldman Sachs Group boosted their price target on shares of Nasdaq from $109.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.53.

Key Headlines Impacting Nasdaq

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q3 earnings exceeded expectations: Nasdaq reported adjusted EPS of $1.04, topping the $1.02 consensus and rising from $0.88 a year earlier. Net revenue increased 13% year over year to approximately $1.5 billion, while solutions revenue grew 17%. Nasdaq Reports Third Quarter 2026 Results
• Positive Sentiment: Recurring revenue and growth businesses remain strong: Annualized recurring revenue reached a record $3.4 billion, with index revenue up 39% and continued double-digit growth in fintech and technology. Investors are also focused on Nasdaq’s AI-related solutions, tokenization opportunities and recurring-revenue model as potential long-term growth drivers. NDAQ Q3 Deep Dive
• Positive Sentiment: Analysts raised price targets: Goldman Sachs raised its target to $120 and maintained a Buy rating; Morgan Stanley increased its target to $132 with an Overweight rating; JPMorgan lifted its target to $122 and Wells Fargo raised its target to $111. The revisions signal greater confidence in Nasdaq’s earnings and recurring-revenue outlook. Analyst Rating Updates
• Positive Sentiment: Options activity was notably bullish: Traders purchased 7,716 call options, approximately 320% above average call volume, indicating increased speculative interest following the earnings release.
• Neutral Sentiment: Dividend was maintained: Nasdaq declared a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and an approximate 1.2% yield. The payment is scheduled for December 18. Nasdaq Dividend Announcement
• Negative Sentiment: Valuation and insider selling may be limiting gains: Nasdaq trades near its 52-week high at roughly 30 times earnings. EVP Jeremy Skule also sold 1,125 shares for about $107,000, a modest transaction but part of a broader pattern of insider selling that could weigh on sentiment. SEC Insider Transaction Filing

Nasdaq Price Performance

NASDAQ:NDAQ opened at $102.56 on Friday. The business’s 50-day moving average is $94.86 and its 200 day moving average is $91.05. Nasdaq, Inc. has a 12 month low of $76.55 and a 12 month high of $104.21. The company has a market capitalization of $57.33 billion, a P/E ratio of 28.02, a P/E/G ratio of 1.86 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. On average, equities research analysts forecast that Nasdaq, Inc. will post 4.13 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th. Nasdaq’s dividend payout ratio is 36.15%.

Nasdaq Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.