Jane Street Group LLC cut its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 14.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,813 shares of the financial services provider’s stock after selling 479 shares during the period. Jane Street Group LLC’s holdings in MarketAxess were worth $568,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its holdings in MarketAxess by 106.0% in the 4th quarter. Allianz Asset Management GmbH now owns 396,862 shares of the financial services provider’s stock worth $80,067,000 after buying an additional 204,205 shares during the period. Eagle Asset Management Inc. boosted its holdings in MarketAxess by 10.7% in the 4th quarter. Eagle Asset Management Inc. now owns 195,404 shares of the financial services provider’s stock worth $39,306,000 after buying an additional 18,952 shares during the period. Centaurus Financial Inc. bought a new position in MarketAxess in the 4th quarter worth approximately $2,543,000. Atlantic Trust Group LLC bought a new position in MarketAxess in the 3rd quarter worth approximately $75,376,000. Finally, M&T Bank Corp boosted its holdings in MarketAxess by 25.7% in the 4th quarter. M&T Bank Corp now owns 2,197 shares of the financial services provider’s stock worth $443,000 after buying an additional 449 shares during the period. 99.81% of the stock is owned by institutional investors.
NASDAQ MKTX opened at $206.68 on Friday. MarketAxess Holdings Inc. has a 1 year low of $171.45 and a 1 year high of $229.84. The company has a market capitalization of $7,986.43, a price-to-earnings ratio of 52.99 and a beta of 0.57.
Several research analysts recently commented on MKTX shares. UBS downgraded shares of MarketAxess from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Zacks Investment Research upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Goldman Sachs cut shares of MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Monday, January 8th. Raymond James Financial reiterated a “market perform” rating on shares of MarketAxess in a research note on Monday, January 22nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $215.00 target price on shares of MarketAxess in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $214.50.
In other news, Director David G. Gomach sold 4,225 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $197.98, for a total transaction of $836,465.50. Following the sale, the director now owns 259 shares in the company, valued at approximately $51,276.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin M. Mcpherson sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $223.43, for a total transaction of $558,575.00. Following the sale, the insider now owns 80,192 shares in the company, valued at approximately $17,917,298.56. The disclosure for this sale can be found here. Insiders sold a total of 55,125 shares of company stock worth $10,849,545 over the last quarter. Corporate insiders own 4.02% of the company’s stock.
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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