MarketAxess (MKTX) Lifted to Buy at BidaskClub
MarketAxess (NASDAQ:MKTX) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.
MKTX has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. ValuEngine raised shares of MarketAxess from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Barclays started coverage on shares of MarketAxess in a research report on Friday, September 7th. They set an “equal weight” rating and a $200.00 target price on the stock. Finally, Goldman Sachs Group started coverage on shares of MarketAxess in a research report on Monday, November 5th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $211.63.
NASDAQ MKTX opened at $224.73 on Friday. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 57.62, a price-to-earnings-growth ratio of 9.86 and a beta of 0.09. MarketAxess has a one year low of $172.09 and a one year high of $229.84.
In other news, CEO Richard M. Mcvey sold 23,842 shares of MarketAxess stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $211.93, for a total value of $5,052,835.06. Following the transaction, the chief executive officer now owns 1,054,986 shares of the company’s stock, valued at approximately $223,583,182.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kevin M. Mcpherson sold 2,500 shares of MarketAxess stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $216.89, for a total transaction of $542,225.00. The disclosure for this sale can be found here. 3.52% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. Vectors Research Management LLC purchased a new position in shares of MarketAxess in the 3rd quarter worth approximately $100,000. First Hawaiian Bank purchased a new position in shares of MarketAxess in the 3rd quarter worth approximately $113,000. Alps Advisors Inc. purchased a new position in shares of MarketAxess in the 2nd quarter worth approximately $205,000. Commerce Bank purchased a new position in shares of MarketAxess in the 3rd quarter worth approximately $217,000. Finally, Atria Investments LLC grew its position in shares of MarketAxess by 25.6% in the 3rd quarter. Atria Investments LLC now owns 1,358 shares of the financial services provider’s stock worth $242,000 after buying an additional 277 shares during the last quarter. 99.27% of the stock is currently owned by hedge funds and other institutional investors.
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.
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