4,369 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd purchased a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,369 shares of the financial services provider’s stock, valued at approximately $982,000.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in MarketAxess by 17.5% during the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock worth $501,907,000 after buying an additional 291,134 shares in the last quarter. Castle Hook Partners LP acquired a new stake in MarketAxess during the third quarter worth about $42,967,000. Geode Capital Management LLC grew its stake in MarketAxess by 14.9% during the third quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock worth $275,122,000 after buying an additional 139,949 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in MarketAxess during the third quarter worth about $30,229,000. Finally, Stephens Investment Management Group LLC grew its stake in MarketAxess by 42.1% during the third quarter. Stephens Investment Management Group LLC now owns 393,877 shares of the financial services provider’s stock worth $100,911,000 after buying an additional 116,607 shares in the last quarter. 99.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Piper Sandler reduced their price target on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley raised their price target on shares of MarketAxess from $262.00 to $314.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods reduced their price target on shares of MarketAxess from $255.00 to $251.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Finally, Barclays reduced their price target on shares of MarketAxess from $260.00 to $256.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $267.00.

MarketAxess Price Performance

NASDAQ:MKTX opened at $220.63 on Monday. The firm’s 50 day simple moving average is $232.03 and its 200 day simple moving average is $247.69. MarketAxess Holdings Inc. has a one year low of $192.42 and a one year high of $296.68. The company has a market cap of $8.32 billion, a PE ratio of 29.90, a P/E/G ratio of 4.44 and a beta of 1.03.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.05. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The firm had revenue of $206.70 million during the quarter, compared to analyst estimates of $207.17 million. During the same quarter last year, the business earned $1.46 EPS. The company’s revenue was up 20.0% compared to the same quarter last year. Equities research analysts expect that MarketAxess Holdings Inc. will post 7.25 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel Scott Pintoff sold 300 shares of MarketAxess stock in a transaction on Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the completion of the sale, the general counsel now owns 8,302 shares in the company, valued at $1,997,212.14. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Richard M. Mcvey sold 20,000 shares of MarketAxess stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $271.75, for a total transaction of $5,435,000.00. Following the completion of the sale, the chairman now owns 592,029 shares of the company’s stock, valued at $160,883,880.75. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,300 shares of company stock worth $8,183,871. 2.66% of the stock is currently owned by insiders.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.