MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Free Report) General Counsel Scott Pintoff sold 100 shares of the stock in a transaction on Monday, October 12th. The shares were sold at an average price of $164.65, for a total value of $16,465.00. Following the transaction, the general counsel directly owned 11,386 shares of the company’s stock, valued at approximately $1,874,704.90. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Scott Pintoff also recently made the following trade(s):
- On Thursday, September 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $163.32, for a total value of $16,332.00.
- On Monday, August 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $162.60, for a total value of $16,260.00.
MarketAxess Stock Performance
Shares of MKTX opened at $164.50 on Thursday. The firm has a market cap of $5.79 billion, a PE ratio of 21.30, a PEG ratio of 2.09 and a beta of 0.80. The stock’s fifty day moving average price is $163.25 and its two-hundred day moving average price is $146.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.85. MarketAxess Holdings Inc. has a 1 year low of $108.75 and a 1 year high of $195.96.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of MarketAxess from $129.00 to $167.00 and gave the company an “equal weight” rating in a report on Friday, October 9th. UBS Group downgraded shares of MarketAxess from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $200.00 to $167.00 in a research note on Friday, July 31st. William Blair lowered shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. Piper Sandler dropped their price target on shares of MarketAxess from $175.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Finally, The Goldman Sachs Group dropped their price target on shares of MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $159.44.
Check Out Our Latest Analysis on MKTX
Hedge Funds Weigh In On MarketAxess
A number of large investors have recently made changes to their positions in MKTX. BlackRock Inc. purchased a new stake in MarketAxess in the 2nd quarter worth approximately $453,941,000. Primecap Management Co. CA bought a new position in MarketAxess in the 2nd quarter valued at $397,772,000. Azora Capital LP bought a new position in MarketAxess in the 2nd quarter valued at $58,230,000. Davis Asset Management L.P. bought a new position in MarketAxess in the 2nd quarter valued at $56,745,000. Finally, Bank of America Corp DE purchased a new position in shares of MarketAxess during the 2nd quarter valued at $34,446,000. 99.01% of the stock is owned by institutional investors.
About MarketAxess
MarketAxess Holdings Inc operates an electronic trading platform for fixed-income securities. Its marketplace connects institutional investors, asset managers, broker-dealers and other market participants, enabling them to trade corporate bonds, emerging-market debt, government securities and other credit products electronically.
The company’s services include automated trading tools, request-for-quote workflows and its Open Trading marketplace, which brings together liquidity from a broad network of institutional participants.
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