LMR Partners LLP bought a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the second quarter, Holdings Channel reports. The fund bought 25,581 shares of the company’s stock, valued at approximately $3,720,000.
Other hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. acquired a new stake in MarketAxess Holdings during the second quarter valued at approximately $160,000. Bank of Montreal Can purchased a new position in shares of MarketAxess Holdings during the second quarter valued at about $177,000. Parametrica Management Ltd purchased a new position in shares of MarketAxess Holdings during the second quarter valued at about $288,000. Miles Capital Inc. purchased a new position in shares of MarketAxess Holdings during the first quarter valued at about $257,000. Finally, LS Investment Advisors LLC boosted its position in shares of MarketAxess Holdings by 73.6% in the second quarter. LS Investment Advisors LLC now owns 2,265 shares of the company’s stock valued at $329,000 after buying an additional 960 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.
Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) traded down 1.15% during trading on Tuesday, hitting $162.27. The company had a trading volume of 203,851 shares. MarketAxess Holdings Inc. has a 12-month low of $86.19 and a 12-month high of $178.21. The firm has a 50 day moving average of $168.61 and a 200 day moving average of $146.14. The stock has a market cap of $6.11 billion, a PE ratio of 55.96 and a beta of 0.65.
MarketAxess Holdings (NASDAQ:MKTX) last announced its earnings results on Thursday, July 28th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.85 by $0.03. The business had revenue of $96.60 million for the quarter, compared to the consensus estimate of $93.98 million. MarketAxess Holdings had a return on equity of 27.14% and a net margin of 32.52%. MarketAxess Holdings’s revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. On average, analysts forecast that MarketAxess Holdings Inc. will post $3.23 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on MKTX shares. Zacks Investment Research upgraded MarketAxess Holdings from a “hold” rating to a “strong-buy” rating and set a $172.00 price target on the stock in a research report on Tuesday, July 19th. William Blair started coverage on MarketAxess Holdings in a research report on Monday, June 20th. They set a “market perform” rating on the stock. Raymond James Financial Inc. cut MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, July 15th. Citigroup Inc. cut MarketAxess Holdings to a “market perform” rating in a research report on Friday, July 15th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods lifted their price target on MarketAxess Holdings from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $140.75.
In other news, CEO Richard M. Mcvey sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $162.33, for a total value of $4,869,900.00. Following the transaction, the chief executive officer now directly owns 1,091,457 shares of the company’s stock, valued at approximately $177,176,214.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Antonio L. Delise sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $166.79, for a total value of $1,667,900.00. Following the completion of the transaction, the chief financial officer now directly owns 59,494 shares in the company, valued at $9,923,004.26. The disclosure for this sale can be found here. 4.51% of the stock is owned by insiders.
About MarketAxess Holdings
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.
Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX).
Receive News & Ratings for MarketAxess Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.