BlackRock Advisors LLC increased its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,711 shares of the company’s stock after buying an additional 434 shares during the period. BlackRock Advisors LLC’s holdings in MarketAxess Holdings were worth $3,430,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in MarketAxess Holdings during the second quarter worth $103,000. Cantab Capital Partners LLP bought a new stake in MarketAxess Holdings during the second quarter worth $116,000. Daiwa Securities Group Inc. bought a new stake in MarketAxess Holdings during the second quarter worth $160,000. Advisors Preferred LLC raised its stake in MarketAxess Holdings by 1,064.0% in the third quarter. Advisors Preferred LLC now owns 1,001 shares of the company’s stock worth $166,000 after buying an additional 915 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in MarketAxess Holdings during the second quarter worth $203,000. Institutional investors own 89.95% of the company’s stock.

Institutional Ownership by Quarter for MarketAxess Holdings (NASDAQ:MKTX)

Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) traded up 0.51% during mid-day trading on Friday, hitting $157.14. The stock had a trading volume of 132,090 shares. MarketAxess Holdings, Inc. has a 12 month low of $98.00 and a 12 month high of $178.21. The stock’s 50-day moving average is $160.82 and its 200 day moving average is $159.28. The firm has a market cap of $5.91 billion, a PE ratio of 50.53 and a beta of 0.65.

MarketAxess Holdings (NASDAQ:MKTX) last posted its earnings results on Wednesday, October 26th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. MarketAxess Holdings had a net margin of 33.37% and a return on equity of 27.83%. The firm earned $90.30 million during the quarter, compared to the consensus estimate of $90.51 million. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Equities research analysts predict that MarketAxess Holdings, Inc. will post $3.29 earnings per share for the current fiscal year.

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A number of research firms have weighed in on MKTX. Zacks Investment Research upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Thursday, September 15th. Credit Suisse Group restated an “underperform” rating and set a $158.00 target price on shares of MarketAxess Holdings in a report on Sunday, November 20th. Raymond James Financial, Inc. upgraded MarketAxess Holdings from a “market perform” rating to an “outperform” rating and set a $175.00 target price for the company in a report on Tuesday, January 3rd. Finally, Goldman Sachs Group, Inc. (The) began coverage on MarketAxess Holdings in a report on Friday, January 6th. They set a “conviction-buy” rating and a $185.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $158.83.

MarketAxess Holdings Company Profile

MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.

5 Day Chart for NASDAQ:MKTX

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