MarketAxess (MKTX) Stock Rating Lowered by BidaskClub
BidaskClub downgraded shares of MarketAxess (NASDAQ:MKTX) from a buy rating to a hold rating in a report issued on Friday morning.
Several other research analysts also recently issued reports on MKTX. Zacks Investment Research raised MarketAxess from a sell rating to a hold rating in a research note on Tuesday, September 25th. ValuEngine upgraded MarketAxess from a hold rating to a buy rating in a research report on Thursday, October 4th. Barclays reiterated a hold rating and set a $198.00 price objective on shares of MarketAxess in a research report on Friday, October 12th. Goldman Sachs Group initiated coverage on MarketAxess in a research report on Monday, November 5th. They set a sell rating for the company. Finally, Buckingham Research initiated coverage on MarketAxess in a research report on Thursday. They set a neutral rating for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. MarketAxess currently has a consensus rating of Hold and a consensus price target of $215.50.
NASDAQ:MKTX opened at $212.59 on Friday. The firm has a market cap of $8.01 billion, a PE ratio of 54.51, a PEG ratio of 8.26 and a beta of 0.18. MarketAxess has a 52-week low of $172.09 and a 52-week high of $231.33.
In other MarketAxess news, CEO Richard M. Mcvey sold 23,842 shares of MarketAxess stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $211.93, for a total value of $5,052,835.06. Following the completion of the sale, the chief executive officer now owns 1,054,986 shares in the company, valued at approximately $223,583,182.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin M. Mcpherson sold 2,500 shares of MarketAxess stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $216.89, for a total value of $542,225.00. The disclosure for this sale can be found here. Company insiders own 3.52% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Vectors Research Management LLC purchased a new stake in MarketAxess in the 3rd quarter valued at about $100,000. First Hawaiian Bank purchased a new stake in MarketAxess in the 3rd quarter valued at about $113,000. Rehmann Capital Advisory Group grew its holdings in MarketAxess by 17,748.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 20,883 shares of the financial services provider’s stock valued at $117,000 after buying an additional 20,766 shares during the period. Paradigm Asset Management Co. LLC grew its holdings in MarketAxess by 11.8% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 950 shares of the financial services provider’s stock valued at $170,000 after buying an additional 100 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in MarketAxess in the 2nd quarter valued at about $205,000. Institutional investors own 99.17% of the company’s stock.
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 the access to global liquidity in U.S.
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