MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV decreased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 49.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,663 shares of the financial services provider’s stock after selling 4,556 shares during the period. Forte Capital LLC ADV’s holdings in MarketAxess were worth $1,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of MarketAxess by 2.0% during the 3rd quarter. Royal Bank of Canada now owns 1,705,958 shares of the financial services provider’s stock worth $364,462,000 after acquiring an additional 33,288 shares during the period. Van ECK Associates Corp raised its holdings in shares of MarketAxess by 8.0% in the 4th quarter. Van ECK Associates Corp now owns 1,367,613 shares of the financial services provider’s stock worth $400,506,000 after purchasing an additional 101,829 shares during the period. Primecap Management Co. CA lifted its stake in shares of MarketAxess by 0.9% in the 3rd quarter. Primecap Management Co. CA now owns 1,118,220 shares of the financial services provider’s stock valued at $238,897,000 after purchasing an additional 10,450 shares in the last quarter. FMR LLC grew its holdings in shares of MarketAxess by 385.6% during the 3rd quarter. FMR LLC now owns 545,563 shares of the financial services provider’s stock worth $116,554,000 after purchasing an additional 433,217 shares during the period. Finally, Artisan Partners Limited Partnership increased its position in MarketAxess by 4.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 540,927 shares of the financial services provider’s stock worth $115,564,000 after purchasing an additional 23,070 shares in the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MKTX shares. Barclays decreased their price target on shares of MarketAxess from $239.00 to $236.00 and set an “equal weight” rating for the company in a research report on Monday, April 8th. Piper Sandler dropped their target price on MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Morgan Stanley upped their price target on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. The Goldman Sachs Group dropped their target price on MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Finally, Rosenblatt Securities reduced their price target on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, MarketAxess presently has an average rating of “Hold” and an average price target of $252.80.

MarketAxess Stock Performance

Shares of MarketAxess stock traded down $5.30 during trading hours on Friday, reaching $203.82. The company’s stock had a trading volume of 505,834 shares, compared to its average volume of 367,799. MarketAxess Holdings Inc. has a one year low of $199.33 and a one year high of $303.85. The company’s 50 day simple moving average is $213.67 and its 200 day simple moving average is $235.45. The stock has a market cap of $7.66 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 4.37 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.11. The company had revenue of $197.20 million for the quarter, compared to analysts’ expectations of $196.70 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. On average, sell-side analysts predict that MarketAxess Holdings Inc. will post 7.28 earnings per share for the current fiscal year.

Insider Activity at MarketAxess

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $221.26, for a total value of $442,520.00. Following the completion of the sale, the executive now owns 70,092 shares of the company’s stock, valued at $15,508,555.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

MarketAxess Company Profile

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.