Nasdaq (NASDAQ:NDAQ) Insider Cohen Tal Sells 2,289 Shares of Stock

Nasdaq, Inc. (NASDAQ:NDAQ) insider Tal Cohen sold 2,289 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $108.05, for a total value of $247,326.45. Following the transaction, the insider owned 202,787 shares of the company’s stock, valued at approximately $21,911,135.35. This represents a 1.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cohen Tal also recently made the following trade(s):

• On Friday, October 23rd, Tal Cohen sold 10,390 shares of Nasdaq stock. The stock was sold at an average price of $103.34, for a total value of $1,073,702.60.

Nasdaq Trading Down 2.6%

NASDAQ:NDAQ traded down $2.87 during trading hours on Thursday, hitting $106.83. The company had a trading volume of 4,743,976 shares, compared to its average volume of 3,798,428. The company has a market capitalization of $59.29 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95. The stock has a 50-day moving average price of $96.30 and a 200 day moving average price of $90.81. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $111.45. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Nasdaq had a net margin of 22.81% and a return on equity of 19.03%. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm earned $0.88 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq, Inc. will post 4.15 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. Nasdaq’s payout ratio is presently 33.88%.

Institutional Trading of Nasdaq

Hedge funds have recently modified their holdings of the business. Lido Advisors LLC lifted its position in Nasdaq by 9.7% during the 3rd quarter. Lido Advisors LLC now owns 34,832 shares of the financial services provider’s stock valued at $3,205,000 after acquiring an additional 3,083 shares during the period. 71 West Capital Partners grew its holdings in Nasdaq by 6.2% in the third quarter. 71 West Capital Partners now owns 2,715 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 159 shares during the period. AlphaCore Capital LLC grew its holdings in Nasdaq by 16.4% in the third quarter. AlphaCore Capital LLC now owns 12,007 shares of the financial services provider’s stock worth $1,105,000 after purchasing an additional 1,695 shares during the period. Fulcrum Asset Management LLP purchased a new stake in Nasdaq in the third quarter worth about $279,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Nasdaq by 6.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 22,050 shares of the financial services provider’s stock valued at $2,021,000 after purchasing an additional 1,247 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Nasdaq from $118.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. lifted their price objective on Nasdaq from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. The Goldman Sachs Group upped their target price on Nasdaq from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Barclays set a $121.00 target price on Nasdaq and gave the stock an “overweight” rating in a report on Friday, October 23rd. Finally, TD Cowen decreased their target price on Nasdaq from $108.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.53.

About Nasdaq

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.