MarketAxess Holdings Inc. (MKTX) Shares Bought by TrimTabs Asset Management LLC
TrimTabs Asset Management LLC raised its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,427 shares of the financial services provider’s stock after purchasing an additional 259 shares during the quarter. TrimTabs Asset Management LLC’s holdings in MarketAxess were worth $1,335,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its stake in MarketAxess by 9.1% in the 4th quarter. Baillie Gifford & Co. now owns 4,018,282 shares of the financial services provider’s stock valued at $849,103,000 after purchasing an additional 335,795 shares during the period. Vanguard Group Inc. increased its stake in MarketAxess by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,174,912 shares of the financial services provider’s stock worth $566,689,000 after acquiring an additional 48,627 shares during the period. Vanguard Group Inc increased its stake in MarketAxess by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 3,174,912 shares of the financial services provider’s stock worth $566,689,000 after acquiring an additional 48,627 shares during the period. Capital World Investors increased its stake in MarketAxess by 9.8% during the 3rd quarter. Capital World Investors now owns 1,875,100 shares of the financial services provider’s stock worth $334,687,000 after acquiring an additional 167,500 shares during the period. Finally, American Century Companies Inc. raised its holdings in MarketAxess by 4.5% in the 4th quarter. American Century Companies Inc. now owns 769,769 shares of the financial services provider’s stock valued at $162,660,000 after acquiring an additional 33,172 shares in the last quarter. 99.19% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on MKTX. BidaskClub upgraded MarketAxess from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Zacks Investment Research upgraded MarketAxess from a “hold” rating to a “buy” rating and set a $261.00 price objective on the stock in a research report on Tuesday, March 19th. Finally, Buckingham Research initiated coverage on MarketAxess in a report on Thursday, January 10th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $218.60.
MarketAxess (NASDAQ:MKTX) last posted its earnings results on Wednesday, January 30th. The financial services provider reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.06. The company had revenue of $112.44 million during the quarter, compared to analysts’ expectations of $112.37 million. MarketAxess had a net margin of 39.69% and a return on equity of 30.31%. MarketAxess’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the company posted $0.88 earnings per share. Sell-side analysts expect that MarketAxess Holdings Inc. will post 5.16 earnings per share for the current fiscal year.
In other news, Director John Steinhardt sold 3,187 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $215.62, for a total transaction of $687,180.94. Following the completion of the transaction, the director now directly owns 24,899 shares in the company, valued at approximately $5,368,722.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Antonio L. Delise sold 8,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $231.99, for a total transaction of $1,855,920.00. Following the completion of the transaction, the chief financial officer now directly owns 36,901 shares of the company’s stock, valued at $8,560,662.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,187 shares of company stock worth $6,961,901. Corporate insiders own 3.52% of the company’s stock.
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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 firms the access to global liquidity in U.S.
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