Nasdaq, Inc. (NASDAQ:NDAQ) Shares Bought by Gold Investment Management Ltd.

Gold Investment Management Ltd. grew its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,115 shares of the financial services provider’s stock after acquiring an additional 487 shares during the period. Gold Investment Management Ltd.’s holdings in Nasdaq were worth $2,328,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rakuten Securities Inc. purchased a new position in shares of Nasdaq during the 4th quarter valued at approximately $26,000. Founders Capital Management purchased a new stake in Nasdaq in the 4th quarter worth $27,000. Kestra Investment Management LLC acquired a new position in Nasdaq during the fourth quarter worth $33,000. Raleigh Capital Management Inc. lifted its holdings in Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares in the last quarter. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Nasdaq in the third quarter valued at about $42,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nasdaq

In related news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the sale, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on NDAQ shares. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the stock from $80.00 to $98.00 in a research report on Wednesday, January 8th. Barclays reduced their target price on Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on Nasdaq from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods boosted their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, UBS Group raised their price objective on Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Performance

Nasdaq stock opened at $73.26 on Monday. The stock has a market cap of $42.14 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.99 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $79.30 and a 200-day simple moving average of $77.34. Nasdaq, Inc. has a 1-year low of $57.96 and a 1-year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a return on equity of 14.82% and a net margin of 15.10%. On average, analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.31%. Nasdaq’s dividend payout ratio (DPR) is currently 50.00%.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.