Duality Advisers LP trimmed its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) by 68.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,630 shares of the financial services provider’s stock after selling 5,632 shares during the quarter. Duality Advisers LP’s holdings in MarketAxess were worth $585,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Desjardins Global Asset Management Inc. acquired a new position in shares of MarketAxess during the second quarter worth about $27,000. First Horizon Advisors Inc. increased its stake in shares of MarketAxess by 1,345.5% during the second quarter. First Horizon Advisors Inc. now owns 159 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 148 shares during the period. Parallel Advisors LLC increased its stake in shares of MarketAxess by 47.0% during the second quarter. Parallel Advisors LLC now owns 194 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 62 shares during the period. Private Trust Co. NA acquired a new position in shares of MarketAxess during the second quarter worth about $50,000. Finally, Tobam acquired a new position in shares of MarketAxess during the second quarter worth about $58,000. 96.78% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Stock Performance
Shares of MKTX opened at $329.52 on Wednesday. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 51.17 and a beta of 0.64. The company’s 50 day simple moving average is $287.91 and its 200 day simple moving average is $264.13. MarketAxess Holdings Inc. has a 1 year low of $217.44 and a 1 year high of $390.13.
Analysts Set New Price Targets
MarketAxess Holdings, Inc operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties.
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