MarketAxess (NASDAQ:MKTX) Sets New 52-Week Low at $198.01

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) hit a new 52-week low during trading on Tuesday . The stock traded as low as $198.01 and last traded at $209.85, with a volume of 193920 shares trading hands. The stock had previously closed at $205.80.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Piper Sandler reduced their price objective on shares of MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. William Blair reaffirmed an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. Morgan Stanley raised their price objective on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Rosenblatt Securities decreased their price target on shares of MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a research note on Thursday, February 1st. Finally, Barclays dropped their price objective on shares of MarketAxess from $239.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, MarketAxess currently has an average rating of “Hold” and a consensus target price of $252.80.

MarketAxess Trading Down 2.4 %

The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 4.26 and a beta of 0.98. The firm has a fifty day moving average price of $213.50 and a 200 day moving average price of $235.20.

Insiders Place Their Bets

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of MarketAxess stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $221.26, for a total value of $442,520.00. Following the completion of the transaction, the executive now directly owns 70,092 shares of the company’s stock, valued at $15,508,555.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.66% of the company’s stock.

Institutional Trading of MarketAxess

Several hedge funds have recently modified their holdings of the stock. Allworth Financial LP boosted its position in MarketAxess by 347.6% in the 4th quarter. Allworth Financial LP now owns 94 shares of the financial services provider’s stock valued at $28,000 after buying an additional 73 shares during the last quarter. Gladius Capital Management LP lifted its stake in shares of MarketAxess by 39.6% during the third quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 38 shares during the period. Venturi Wealth Management LLC boosted its holdings in MarketAxess by 1,030.8% in the first quarter. Venturi Wealth Management LLC now owns 147 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 134 shares during the last quarter. Parallel Advisors LLC increased its position in MarketAxess by 155.8% in the fourth quarter. Parallel Advisors LLC now owns 110 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 67 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its position in MarketAxess by 47.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 43 shares during the period. 99.01% of the stock is owned by institutional investors.

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.