Quarry LP Sells 465 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Quarry LP trimmed its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 72.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181 shares of the financial services provider’s stock after selling 465 shares during the quarter. Quarry LP’s holdings in MarketAxess were worth $41,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. boosted its position in shares of MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 70 shares during the last quarter. Allianz SE bought a new position in shares of MarketAxess during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC grew its position in shares of MarketAxess by 495.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 139 shares during the last quarter. Finally, Huntington National Bank lifted its position in shares of MarketAxess by 185.7% in the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider’s stock worth $36,000 after buying an additional 104 shares in the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MKTX. UBS Group cut their price target on MarketAxess from $305.00 to $295.00 and set a “buy” rating for the company in a report on Monday, April 7th. Keefe, Bruyette & Woods reduced their price target on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Morgan Stanley upgraded shares of MarketAxess from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 8th. Piper Sandler reduced their target price on shares of MarketAxess from $220.00 to $213.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group lowered their price target on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $252.11.

MarketAxess Price Performance

Shares of NASDAQ MKTX opened at $225.68 on Friday. The company has a market cap of $8.40 billion, a P/E ratio of 31.04, a PEG ratio of 3.89 and a beta of 1.12. The firm has a 50-day simple moving average of $213.12 and a two-hundred day simple moving average of $230.16. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. As a group, equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess 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.