Picton Mahoney Asset Management Buys New Stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Picton Mahoney Asset Management purchased a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,978 shares of the financial services provider’s stock, valued at approximately $10,829,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of MarketAxess by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,411 shares of the financial services provider’s stock valued at $103,789,000 after acquiring an additional 12,677 shares during the period. National Bank of Canada FI grew its holdings in MarketAxess by 79.7% in the fourth quarter. National Bank of Canada FI now owns 14,450 shares of the financial services provider’s stock valued at $4,139,000 after purchasing an additional 6,411 shares during the period. TCG Advisory Services LLC acquired a new position in shares of MarketAxess during the 4th quarter worth approximately $4,289,000. New York Life Investment Management LLC lifted its position in shares of MarketAxess by 3.0% during the 4th quarter. New York Life Investment Management LLC now owns 9,578 shares of the financial services provider’s stock valued at $2,805,000 after buying an additional 279 shares in the last quarter. Finally, Norden Group LLC grew its stake in MarketAxess by 52.4% in the 4th quarter. Norden Group LLC now owns 2,228 shares of the financial services provider’s stock valued at $652,000 after acquiring an additional 766 shares during the period. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Trading Down 2.4 %

NASDAQ:MKTX traded down $4.91 during trading hours on Tuesday, hitting $200.89. The company had a trading volume of 686,979 shares, compared to its average volume of 423,822. MarketAxess Holdings Inc. has a 1 year low of $198.01 and a 1 year high of $303.85. The company has a market cap of $7.55 billion, a P/E ratio of 29.33, a P/E/G ratio of 4.26 and a beta of 0.98. The company has a 50-day moving average of $213.24 and a 200 day moving average of $234.96.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MKTX shares. Piper Sandler reduced their price objective on shares of MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. William Blair reiterated an “outperform” rating on shares of MarketAxess in a report on Tuesday, January 23rd. Rosenblatt Securities reduced their target price on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a report on Thursday, February 1st. Morgan Stanley lifted their price target on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Barclays reduced their price objective on MarketAxess from $239.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, MarketAxess presently has a consensus rating of “Hold” and an average target price of $252.80.

Insider Activity

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $221.26, for a total transaction of $442,520.00. Following the completion of the sale, the executive now directly owns 70,092 shares in the company, valued at $15,508,555.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.66% of the company’s stock.

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.