Capital World Investors Holds Stake in MarketAxess Holdings, Inc. (MKTX)
Capital World Investors continued to hold its position in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,466,000 shares of the financial services provider’s stock at the end of the second quarter. Capital World Investors owned about 3.91% of MarketAxess Holdings worth $294,813,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cutler Group LP acquired a new position in shares of MarketAxess Holdings in the 2nd quarter valued at $110,000. First Personal Financial Services boosted its holdings in shares of MarketAxess Holdings by 2.6% in the 2nd quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock valued at $127,000 after buying an additional 16 shares in the last quarter. GQG Partners LLC acquired a new position in shares of MarketAxess Holdings in the 2nd quarter valued at $127,000. Traynor Capital Management Inc. acquired a new position in shares of MarketAxess Holdings in the 2nd quarter valued at $203,000. Finally, Puzo Michael J acquired a new position in shares of MarketAxess Holdings in the 1st quarter valued at $212,000. Institutional investors own 91.20% of the company’s stock.
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Shares of MarketAxess Holdings, Inc. (NASDAQ MKTX) opened at 185.00 on Thursday. MarketAxess Holdings, Inc. has a 52 week low of $145.10 and a 52 week high of $211.06. The firm has a market cap of $6.94 billion, a PE ratio of 48.66 and a beta of 0.71. The company’s 50-day moving average is $184.73 and its 200-day moving average is $190.93.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The firm had revenue of $97.31 million during the quarter, compared to the consensus estimate of $96.42 million. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. Analysts forecast that MarketAxess Holdings, Inc. will post $4.07 EPS for the current fiscal year.
In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess Holdings stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total value of $3,972,600.00. Following the completion of the transaction, the chief executive officer now owns 1,108,142 shares of the company’s stock, valued at $220,110,245.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.02% of the company’s stock.
Several brokerages have recently issued reports on MKTX. Keefe, Bruyette & Woods restated a “buy” rating and issued a $210.00 target price on shares of MarketAxess Holdings in a report on Friday, July 14th. BidaskClub upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. increased their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. MarketAxess Holdings has an average rating of “Buy” and a consensus target price of $192.40.
About MarketAxess Holdings
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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