963 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 963 shares of the financial services provider’s stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MKTX. Goodman Advisory Group LLC purchased a new position in shares of MarketAxess during the second quarter worth about $27,000. Larson Financial Group LLC grew its stake in shares of MarketAxess by 2,428.6% in the 1st quarter. Larson Financial Group LLC now owns 177 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 170 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of MarketAxess by 405.1% in the second quarter. Blue Trust Inc. now owns 197 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 158 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of MarketAxess during the third quarter worth $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in MarketAxess by 555.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider’s stock valued at $60,000 after buying an additional 200 shares during the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Christophe Pierre Danie Roupie sold 617 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $231.63, for a total transaction of $142,915.71. Following the sale, the insider now owns 7,409 shares in the company, valued at approximately $1,716,146.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group upped their price objective on shares of MarketAxess from $204.00 to $233.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. StockNews.com upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler boosted their target price on MarketAxess from $235.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price target on MarketAxess from $218.00 to $223.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Finally, Barclays upped their price objective on MarketAxess from $237.00 to $268.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $253.30.

MarketAxess Trading Down 0.5 %

Shares of MarketAxess stock opened at $288.89 on Thursday. The business has a 50 day moving average price of $258.85 and a 200 day moving average price of $227.27. The company has a market capitalization of $10.95 billion, a P/E ratio of 42.42, a P/E/G ratio of 7.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.91 and a quick ratio of 2.91. MarketAxess Holdings Inc. has a 1 year low of $192.42 and a 1 year high of $297.97.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.04. The business had revenue of $197.70 million for the quarter, compared to the consensus estimate of $198.07 million. MarketAxess had a return on equity of 20.43% and a net margin of 33.71%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 earnings per share. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.16 EPS for the current fiscal year.

MarketAxess declared that its Board of Directors has authorized a stock buyback program on Tuesday, August 6th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.