MarketAxess (NASDAQ:MKTX) Given New $305.00 Price Target at UBS Group

MarketAxess (NASDAQ:MKTXGet Free Report) had its price target decreased by stock analysts at UBS Group from $330.00 to $305.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target would indicate a potential upside of 50.76% from the stock’s current price.

Several other equities analysts have also recently weighed in on MKTX. Barclays lowered their price target on MarketAxess from $260.00 to $256.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Piper Sandler lowered their price target on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley increased their price target on MarketAxess from $262.00 to $314.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods lowered their price target on MarketAxess from $255.00 to $251.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, MarketAxess presently has a consensus rating of “Hold” and a consensus price target of $263.67.

View Our Latest Research Report on MKTX

MarketAxess Trading Up 0.5 %

MKTX stock traded up $1.00 during midday trading on Friday, hitting $202.31. The company’s stock had a trading volume of 112,308 shares, compared to its average volume of 487,302. The company has a market cap of $7.63 billion, a PE ratio of 27.42, a P/E/G ratio of 4.48 and a beta of 1.02. MarketAxess has a 12 month low of $192.42 and a 12 month high of $296.68. The firm’s 50-day moving average is $227.76 and its 200-day moving average is $246.99.

MarketAxess (NASDAQ:MKTXGet Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. Analysts expect that MarketAxess will post 7.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, General Counsel Scott Pintoff sold 300 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $240.57, for a total transaction of $72,171.00. Following the completion of the transaction, the general counsel now owns 8,302 shares in the company, valued at $1,997,212.14. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Richard M. Mcvey sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $267.67, for a total value of $2,676,700.00. Following the transaction, the chairman now owns 562,029 shares of the company’s stock, valued at approximately $150,438,302.43. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,300 shares of company stock worth $8,183,871. Corporate insiders own 2.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in MarketAxess by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 15,431 shares of the financial services provider’s stock worth $3,953,000 after purchasing an additional 50 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in MarketAxess by 1.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,080 shares of the financial services provider’s stock worth $1,287,000 after purchasing an additional 52 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in MarketAxess by 4.0% in the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 52 shares during the last quarter. M&T Bank Corp grew its holdings in MarketAxess by 4.0% in the third quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 56 shares during the last quarter. Finally, Versor Investments LP grew its holdings in MarketAxess by 6.3% in the fourth quarter. Versor Investments LP now owns 1,102 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Company Profile

(Get Free Report)

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.

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