Flagship Harbor Advisors LLC raised its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,947 shares of the financial services provider’s stock after purchasing an additional 87 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in MarketAxess were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in MKTX. Dimensional Fund Advisors LP increased its stake in shares of MarketAxess by 9.0% in the third quarter. Dimensional Fund Advisors LP now owns 186,916 shares of the financial services provider’s stock valued at $33,362,000 after purchasing an additional 15,493 shares during the period. Hsbc Holdings PLC increased its stake in shares of MarketAxess by 33.7% in the third quarter. Hsbc Holdings PLC now owns 5,436 shares of the financial services provider’s stock valued at $970,000 after purchasing an additional 1,371 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of MarketAxess by 32.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,462 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 602 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of MarketAxess by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 64,660 shares of the financial services provider’s stock valued at $11,541,000 after acquiring an additional 1,426 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of MarketAxess in the third quarter valued at approximately $378,000. Institutional investors own 99.19% of the company’s stock.
Several research firms have recently issued reports on MKTX. Rosenblatt Securities began coverage on shares of MarketAxess in a report on Monday. They issued a “neutral” rating and a $255.00 price objective for the company. Zacks Investment Research upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Saturday. Finally, BidaskClub upgraded shares of MarketAxess from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $224.67.
MarketAxess stock opened at $262.92 on Wednesday. The company has a market capitalization of $9.86 billion, a PE ratio of 57.27, a P/E/G ratio of 10.23 and a beta of 0.19. MarketAxess Holdings Inc. has a 12-month low of $172.09 and a 12-month high of $264.65.
MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.06. The business had revenue of $112.44 million during the quarter, compared to analysts’ expectations of $112.37 million. MarketAxess had a net margin of 39.69% and a return on equity of 30.31%. The business’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. On average, analysts anticipate that MarketAxess Holdings Inc. will post 5.12 EPS for the current fiscal year.
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MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.
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