MarketAxess Holdings Inc. (NASDAQ:MKTX) Holdings Decreased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP decreased its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 48.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,897 shares of the financial services provider’s stock after selling 28,618 shares during the quarter. Hudson Bay Capital Management LP owned 0.08% of MarketAxess worth $6,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Global X Japan Co. Ltd. grew its holdings 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 valued at $25,000 after buying an additional 70 shares in the last quarter. Allianz SE purchased a new position in shares of MarketAxess during the fourth quarter valued at $27,000. Smartleaf Asset Management LLC grew its holdings 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 buying an additional 104 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. Finally, Huntington National Bank boosted its position in MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Price Performance

Shares of NASDAQ:MKTX opened at $230.97 on Monday. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68. The business has a 50-day moving average of $216.59 and a two-hundred day moving average of $227.61. The stock has a market capitalization of $8.59 billion, a P/E ratio of 31.77, a P/E/G ratio of 3.89 and a beta of 0.89.

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

MarketAxess Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.32%. MarketAxess’s dividend payout ratio is currently 52.87%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MKTX. Piper Sandler reduced their price objective on MarketAxess from $213.00 to $202.00 and set a “neutral” rating for the company in a research report on Thursday. UBS Group reduced their price objective on MarketAxess from $305.00 to $295.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Bank of America lifted their price objective on MarketAxess from $189.00 to $191.00 and gave the company an “underperform” rating in a research report on Wednesday, April 2nd. Citigroup lifted their price objective on MarketAxess from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Morgan Stanley lifted their price objective on MarketAxess from $263.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $241.78.

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.