NINE MASTS CAPITAL Ltd grew its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ – Free Report) by 106.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,130 shares of the financial services provider’s stock after buying an additional 13,992 shares during the quarter. NINE MASTS CAPITAL Ltd’s holdings in Nasdaq were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Fiduciary Financial Advisors acquired a new position in shares of Nasdaq in the 2nd quarter worth approximately $25,000. MV Capital Management Inc. bought a new stake in Nasdaq during the 4th quarter worth approximately $28,000. Nemes Rush Group LLC acquired a new stake in Nasdaq during the 4th quarter valued at $35,000. Uniplan Investment Counsel Inc. acquired a new stake in Nasdaq during the 4th quarter valued at $35,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Nasdaq during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 72.47% of the company’s stock.
Nasdaq Stock Performance
NDAQ stock opened at $99.31 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Nasdaq, Inc. has a twelve month low of $76.55 and a twelve month high of $101.79. The company has a market cap of $55.51 billion, a P/E ratio of 28.95, a PEG ratio of 1.32 and a beta of 0.96. The business has a fifty day moving average of $91.20 and a 200-day moving average of $88.42.
Nasdaq Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, September 11th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. Nasdaq’s dividend payout ratio is presently 36.15%.
Insider Buying and Selling at Nasdaq
In other news, EVP Bradley J. Peterson sold 13,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $92.61, for a total value of $1,203,930.00. Following the transaction, the executive vice president owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. This trade represents a 9.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ab Investor purchased 56,782 shares of the stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the transaction, the insider owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This trade represents a 0.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 41,797 shares of company stock worth $3,926,319. Company insiders own 0.60% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on NDAQ. Morgan Stanley reissued an “overweight” rating and issued a $120.00 price objective on shares of Nasdaq in a research note on Friday, July 24th. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research note on Thursday, June 11th. Barclays reiterated an “overweight” rating and set a $111.00 price target (up from $108.00) on shares of Nasdaq in a research report on Friday, July 24th. Keefe, Bruyette & Woods boosted their target price on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $110.30.
View Our Latest Report on NDAQ
Nasdaq Profile
Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.
Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.
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