Several other equities analysts have also issued reports on the stock. Rosenblatt Securities started coverage on shares of Tradeweb Markets in a report on Monday, April 15th. They issued a buy rating and a $45.00 price target on the stock. ValuEngine lowered shares of Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd. Zacks Investment Research raised shares of Zymeworks from a hold rating to a buy rating and set a $18.00 price target on the stock in a report on Saturday, April 13th. Barclays reiterated an underweight rating and set a GBX 1,900 ($24.83) price objective on shares of in a research note on Friday, June 28th. Finally, Buckingham Research lowered their price objective on shares of State Street from $83.00 to $67.00 and set a buy rating for the company in a research note on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $240.57.
Shares of MKTX stock opened at $358.28 on Tuesday. The stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of 78.40, a price-to-earnings-growth ratio of 13.52 and a beta of 0.22. The company’s 50 day simple moving average is $321.12. The company has a current ratio of 10.82, a quick ratio of 10.82 and a debt-to-equity ratio of 0.14. MarketAxess has a 52-week low of $172.09 and a 52-week high of $359.32.
In other MarketAxess news, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $281.14, for a total value of $5,622,800.00. Following the completion of the transaction, the chief executive officer now owns 1,006,289 shares of the company’s stock, valued at $282,908,089.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen P. Casper sold 102 shares of MarketAxess stock in a transaction on Friday, June 7th. The shares were sold at an average price of $337.30, for a total transaction of $34,404.60. Following the completion of the transaction, the director now directly owns 13,157 shares of the company’s stock, valued at approximately $4,437,856.10. The disclosure for this sale can be found here. Insiders have sold 27,591 shares of company stock valued at $7,719,158 over the last 90 days. 3.28% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MKTX. PNC Financial Services Group Inc. increased its holdings in MarketAxess by 286.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,627 shares of the financial services provider’s stock valued at $977,000 after buying an additional 3,429 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in MarketAxess by 15.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 32,277 shares of the financial services provider’s stock valued at $6,478,000 after buying an additional 4,222 shares in the last quarter. Hsbc Holdings PLC increased its holdings in MarketAxess by 151.3% in the fourth quarter. Hsbc Holdings PLC now owns 13,659 shares of the financial services provider’s stock valued at $2,869,000 after buying an additional 8,223 shares in the last quarter. Townsquare Capital LLC purchased a new position in MarketAxess in the fourth quarter valued at $235,000. Finally, Dimensional Fund Advisors LP increased its holdings in MarketAxess by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 199,012 shares of the financial services provider’s stock valued at $42,050,000 after buying an additional 12,096 shares in the last quarter. 99.19% of the stock is owned by institutional investors.
MarketAxess Company Profile
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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