Expressive Wealth LLC Makes New $406,000 Investment in Nasdaq, Inc. $NDAQ

Expressive Wealth LLC bought a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 5,150 shares of the financial services provider’s stock, valued at approximately $406,000.

Other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Nasdaq by 1.6% in the fourth quarter. Legal & General Group Plc now owns 2,855,235 shares of the financial services provider’s stock valued at $277,329,000 after purchasing an additional 45,783 shares during the period. M&T Bank Corp boosted its holdings in Nasdaq by 27.5% in the 4th quarter. M&T Bank Corp now owns 61,076 shares of the financial services provider’s stock worth $5,933,000 after buying an additional 13,160 shares during the period. MKP Capital Management L.L.C. purchased a new position in Nasdaq in the 4th quarter valued at approximately $33,996,000. AlphaCore Capital LLC purchased a new position in Nasdaq in the 4th quarter valued at approximately $1,245,000. Finally, Advisors Preferred LLC bought a new stake in Nasdaq during the 4th quarter valued at $4,872,000. 72.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NDAQ shares. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, July 9th. Morgan Stanley reiterated an “overweight” rating and set a $120.00 price objective on shares of Nasdaq in a research note on Friday, July 24th. TD Cowen reissued a “buy” rating and set a $105.00 price objective (up from $101.00) on shares of Nasdaq in a report on Monday, July 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $110.30.

Nasdaq Price Performance

Nasdaq stock opened at $98.22 on Friday. Nasdaq, Inc. has a 52 week low of $76.55 and a 52 week high of $101.79. The business has a 50-day simple moving average of $89.85 and a 200 day simple moving average of $88.04. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market cap of $54.90 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.31 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.09. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. On average, research analysts forecast that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th. Nasdaq’s dividend payout ratio (DPR) is currently 36.15%.

Insider Activity at Nasdaq

In related news, major shareholder Ab Investor bought 56,782 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $85.98 per share, for a total transaction of $4,882,116.36. Following the completion of the transaction, the insider directly owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bradley J. Peterson sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the transaction, the executive vice president directly owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. This represents a 9.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 41,797 shares of company stock valued at $3,926,319 over the last three months. 0.60% of the stock is owned by corporate insiders.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.