Harvest Fund Management Co. Ltd lifted its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 57.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 347 shares of the financial services provider’s stock after purchasing an additional 126 shares during the period. Harvest Fund Management Co. Ltd’s holdings in MarketAxess were worth $112,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of MarketAxess during the second quarter worth about $36,000. First Hawaiian Bank increased its position in shares of MarketAxess by 6.9% during the second quarter. First Hawaiian Bank now owns 1,365 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 88 shares during the period. Strs Ohio acquired a new stake in MarketAxess in the 2nd quarter valued at $335,000. Westpac Banking Corp acquired a new stake in MarketAxess in the 1st quarter valued at $5,542,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in MarketAxess in the 2nd quarter valued at $78,000. Institutional investors own 99.77% of the company’s stock.
In related news, insider Nicholas Themelis sold 2,750 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $347.39, for a total transaction of $955,322.50. Following the sale, the insider now directly owns 53,064 shares of the company’s stock, valued at $18,433,902.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $350.07, for a total transaction of $7,001,400.00. Following the sale, the chief executive officer now directly owns 1,044,249 shares in the company, valued at $365,560,247.43. The disclosure for this sale can be found here. Insiders sold 23,750 shares of company stock worth $8,359,543 in the last quarter. Company insiders own 3.28% of the company’s stock.
Several analysts recently commented on MKTX shares. Deutsche Bank boosted their price target on MarketAxess from $332.00 to $336.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Jefferies Financial Group increased their price objective on shares of MarketAxess from $318.00 to $339.00 in a research note on Friday. ValuEngine lowered shares of MarketAxess from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Argus assumed coverage on shares of MarketAxess in a research note on Thursday, August 29th. They issued a “hold” rating on the stock. Finally, Barclays increased their price objective on shares of MarketAxess from $244.00 to $289.00 and gave the stock an “equal weight” rating in a research note on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $287.50.
Shares of NASDAQ:MKTX traded up $3.18 during midday trading on Monday, reaching $327.89. The company’s stock had a trading volume of 13,871 shares, compared to its average volume of 468,458. The firm has a market capitalization of $12.54 billion, a PE ratio of 71.71 and a beta of 0.17. MarketAxess Holdings Inc. has a twelve month low of $172.09 and a twelve month high of $421.45. The stock has a fifty day moving average of $368.59 and a 200 day moving average of $314.91. The company has a quick ratio of 10.05, a current ratio of 10.05 and a debt-to-equity ratio of 0.14.
MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The business had revenue of $125.50 million during the quarter, compared to analyst estimates of $126.06 million. MarketAxess had a return on equity of 29.85% and a net margin of 39.89%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 5.19 earnings per share for the current fiscal year.
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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