Waterfront Wealth Inc. Purchases 415 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

Waterfront Wealth Inc. boosted its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,702 shares of the financial services provider’s stock after buying an additional 415 shares during the quarter. Waterfront Wealth Inc.’s holdings in Nasdaq were worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cresset Asset Management LLC grew its position in Nasdaq by 4.5% during the 1st quarter. Cresset Asset Management LLC now owns 1,717 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 74 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of Nasdaq by 8.3% in the first quarter. Horizon Investments LLC now owns 1,120 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 86 shares during the last quarter. Brinker Capital Investments LLC increased its stake in shares of Nasdaq by 0.4% in the first quarter. Brinker Capital Investments LLC now owns 29,446 shares of the financial services provider’s stock worth $5,247,000 after buying an additional 106 shares during the period. Advisors Asset Management Inc. raised its holdings in Nasdaq by 1.7% during the 1st quarter. Advisors Asset Management Inc. now owns 7,142 shares of the financial services provider’s stock valued at $1,273,000 after buying an additional 120 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in Nasdaq by 10.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,360 shares of the financial services provider’s stock valued at $207,000 after buying an additional 130 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Stock Up 0.5 %

Shares of Nasdaq stock traded up $0.32 during midday trading on Thursday, hitting $60.33. The company had a trading volume of 199,059 shares, compared to its average volume of 3,100,960. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $34.70 billion, a P/E ratio of 28.44, a P/E/G ratio of 2.73 and a beta of 0.93. The company has a 50 day moving average of $59.30 and a 200 day moving average of $55.93.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The company’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. On average, equities analysts predict that Nasdaq, Inc. will post 2.75 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.22 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.46%. Nasdaq’s dividend payout ratio is presently 41.71%.

Analysts Set New Price Targets

NDAQ has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a report on Tuesday, March 26th. StockNews.com raised shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. UBS Group lifted their price objective on Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Piper Sandler upped their target price on Nasdaq from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, Citigroup raised their target price on Nasdaq from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, January 12th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.09.

Insider Activity

In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the transaction, the insider now directly owns 58,341,545 shares in the company, valued at approximately $3,383,809,610. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Bryan Everard Smith sold 7,400 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of Nasdaq stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the completion of the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at $3,383,809,610. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.