MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Bought by Crestline Management LP

Crestline Management LP raised its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 26.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,851 shares of the financial services provider’s stock after purchasing an additional 1,850 shares during the quarter. Crestline Management LP’s holdings in MarketAxess were worth $2,001,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global X Japan Co. Ltd. increased its position in shares of MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 70 shares during the period. Allianz SE acquired a new position in shares of MarketAxess in the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC raised its stake in shares of MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 104 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of MarketAxess by 13,900.0% during 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 period. Finally, Huntington National Bank lifted its holdings in shares of MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MKTX shares. Bank of America raised their price target on shares of MarketAxess from $189.00 to $191.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 2nd. Morgan Stanley raised shares of MarketAxess from an “equal weight” rating to an “overweight” rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price objective on MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Barclays upped their target price on MarketAxess from $225.00 to $232.00 and gave the stock an “equal weight” rating in a research note on Monday, April 7th. Finally, William Blair started coverage on MarketAxess in a research report on Friday, April 4th. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the 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 Trading Down 0.4 %

Shares of MKTX opened at $228.03 on Thursday. The firm has a market cap of $8.48 billion, a P/E ratio of 31.37, a PEG ratio of 3.89 and a beta of 0.89. The stock’s 50 day moving average is $215.28 and its two-hundred day moving average is $229.29. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.82 by $0.05. The company had revenue of $208.58 million during the quarter, compared to analyst estimates of $211.81 million. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.92 EPS. Equities research analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current 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.