Universal Beteiligungs und Servicegesellschaft mbH Purchases 13,947 Shares of Nasdaq, Inc. $NDAQ

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 2.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 619,717 shares of the financial services provider’s stock after purchasing an additional 13,947 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Nasdaq were worth $54,814,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Nasdaq by 5.3% during the second quarter. Vanguard Group Inc. now owns 55,800,000 shares of the financial services provider’s stock worth $4,989,636,000 after buying an additional 2,820,339 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Nasdaq by 33.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 27,274,620 shares of the financial services provider’s stock worth $2,438,897,000 after acquiring an additional 6,840,735 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Nasdaq by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 11,456,699 shares of the financial services provider’s stock worth $1,020,366,000 after acquiring an additional 89,391 shares during the last quarter. Norges Bank acquired a new stake in shares of Nasdaq in the 2nd quarter worth about $406,823,000. Finally, Amundi lifted its position in Nasdaq by 55.7% in the 2nd quarter. Amundi now owns 3,535,689 shares of the financial services provider’s stock valued at $316,515,000 after acquiring an additional 1,264,975 shares in the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group reissued a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. Weiss Ratings restated a “buy (b-)” rating on shares of Nasdaq in a report on Friday, January 9th. Raymond James Financial reiterated an “outperform” rating and set a $100.00 price target (up previously from $99.00) on shares of Nasdaq in a report on Monday, October 13th. Morgan Stanley reissued an “overweight” rating and issued a $113.00 price target (up from $111.00) on shares of Nasdaq in a research report on Thursday, January 15th. Finally, Barclays set a $115.00 price objective on shares of Nasdaq and gave the stock an “overweight” rating in a report on Thursday, January 8th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.67.

Nasdaq Stock Performance

Shares of NDAQ opened at $98.78 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $56.40 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 1.46 and a beta of 1.01. The stock has a 50 day moving average of $94.11 and a 200 day moving average of $92.21. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.06. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.Nasdaq’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. As a group, sell-side analysts forecast that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the sale, the executive vice president owned 84,974 shares of the company’s stock, valued at $7,256,779.60. The trade was a 2.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $96.39, for a total value of $28,917,000.00. Following the sale, the chief executive officer owned 1,924,903 shares in the company, valued at approximately $185,541,400.17. This represents a 13.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 306,605 shares of company stock worth $29,546,812. 0.70% of the stock is owned by corporate insiders.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.