New World Advisors LLC Sells 685 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

New World Advisors LLC reduced its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,035 shares of the financial services provider’s stock after selling 685 shares during the period. New World Advisors LLC’s holdings in Nasdaq were worth $312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock worth $2,835,235,000 after buying an additional 24,084,154 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in shares of Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after buying an additional 3,970,658 shares during the last quarter. State Street Corp increased its holdings in shares of Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock worth $1,310,653,000 after buying an additional 1,811,616 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Nasdaq in the 4th quarter worth about $110,867,000. Finally, Harris Associates L P increased its holdings in shares of Nasdaq by 14.6% in the 3rd quarter. Harris Associates L P now owns 8,596,022 shares of the financial services provider’s stock worth $627,596,000 after buying an additional 1,096,090 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Price Performance

Nasdaq stock opened at $81.07 on Monday. The firm has a 50-day moving average of $79.63 and a two-hundred day moving average of $76.55. Nasdaq, Inc. has a 1 year low of $55.51 and a 1 year high of $84.15. The stock has a market cap of $46.60 billion, a price-to-earnings ratio of 42.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. On average, research analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.18%. Nasdaq’s payout ratio is presently 50.00%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Citigroup lifted their price target on shares of Nasdaq from $78.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research note on Thursday, January 30th. Argus lifted their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Insider Transactions at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Nasdaq Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.