MarketAxess Holdings Inc. $MKTX Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 68.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,848 shares of the financial services provider’s stock after purchasing an additional 4,402 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in MarketAxess were worth $2,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Transcend Capital Advisors LLC acquired a new stake in MarketAxess during the 2nd quarter worth $204,000. Envestnet Asset Management Inc. boosted its stake in MarketAxess by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 61,657 shares of the financial services provider’s stock worth $13,770,000 after purchasing an additional 3,541 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in MarketAxess by 6.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,942 shares of the financial services provider’s stock worth $1,104,000 after purchasing an additional 297 shares during the last quarter. Brighton Jones LLC acquired a new stake in MarketAxess during the 2nd quarter worth $866,000. Finally, Focus Partners Advisor Solutions LLC boosted its stake in MarketAxess by 238.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 3,888 shares of the financial services provider’s stock worth $868,000 after purchasing an additional 2,738 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

Insider Transactions at MarketAxess

In other MarketAxess news, Director Stephen P. Casper sold 1,600 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $186.59, for a total transaction of $298,544.00. Following the sale, the director directly owned 43,208 shares in the company, valued at $8,062,180.72. This represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Kevin M. Mcpherson sold 1,494 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $185.32, for a total value of $276,868.08. Following the transaction, the executive directly owned 67,681 shares of the company’s stock, valued at approximately $12,542,642.92. This represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.65% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays reduced their price target on MarketAxess from $200.00 to $186.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of MarketAxess in a report on Wednesday, October 8th. Wall Street Zen upgraded MarketAxess from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group reduced their price target on MarketAxess from $255.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Finally, Morgan Stanley reduced their price target on MarketAxess from $274.00 to $253.00 and set an “overweight” rating on the stock in a report on Wednesday, October 1st. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, MarketAxess currently has an average rating of “Hold” and a consensus price target of $216.58.

MarketAxess Price Performance

Shares of NASDAQ:MKTX opened at $159.98 on Friday. The firm has a market capitalization of $5.98 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 6.44 and a beta of 0.89. The firm’s 50-day moving average is $177.12 and its two-hundred day moving average is $201.73. MarketAxess Holdings Inc. has a 1 year low of $158.28 and a 1 year high of $292.86.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.06. The company had revenue of $219.46 million for the quarter, compared to analyst estimates of $218.05 million. MarketAxess had a net margin of 26.62% and a return on equity of 20.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. Analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

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.