Flossbach Von Storch SE Has $99.68 Million Stock Position in Nasdaq, Inc. $NDAQ

Flossbach Von Storch SE trimmed its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,126,905 shares of the financial services provider’s stock after selling 46,085 shares during the period. Flossbach Von Storch SE’s holdings in Nasdaq were worth $99,675,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Nasdaq by 5.3% during the 2nd 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 period. Massachusetts Financial Services Co. MA raised its holdings 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 during the period. Geode Capital Management LLC lifted its position in 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 valued at $1,020,366,000 after acquiring an additional 89,391 shares in the last quarter. Norges Bank bought a new stake in Nasdaq in the 2nd quarter valued at $406,823,000. Finally, Amundi increased its holdings in Nasdaq by 55.7% during the 2nd quarter. Amundi now owns 3,535,689 shares of the financial services provider’s stock worth $316,515,000 after purchasing an additional 1,264,975 shares in the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Trading Up 0.2%

NASDAQ NDAQ opened at $98.71 on Thursday. Nasdaq, Inc. has a 12 month low of $64.84 and a 12 month high of $101.79. 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 stock has a 50 day moving average of $95.33 and a 200-day moving average of $92.52. The company has a market cap of $56.36 billion, a PE ratio of 35.25, a PEG ratio of 1.47 and a beta of 1.01.

Insider Buying and Selling at Nasdaq

In related news, EVP Jeremy Skule sold 2,105 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the sale, the executive vice president directly owned 84,974 shares in the company, valued at approximately $7,256,779.60. This trade represents a 2.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adena T. Friedman sold 300,000 shares of Nasdaq stock in a transaction dated 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 transaction, the chief executive officer owned 1,924,903 shares of the company’s stock, valued at $185,541,400.17. The trade was a 13.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 306,605 shares of company stock worth $29,546,812 over the last quarter. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NDAQ shares. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a report on Thursday, October 9th. UBS Group restated a “buy” rating and issued a $120.00 target price (up previously from $115.00) on shares of Nasdaq in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nasdaq in a research note on Friday, January 9th. Morgan Stanley reissued an “overweight” rating and issued a $113.00 price objective (up previously from $111.00) on shares of Nasdaq in a research report on Thursday, January 15th. Finally, TD Cowen restated a “hold” rating on shares of Nasdaq in a report on Wednesday, January 14th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Nasdaq currently has a consensus rating of “Moderate Buy” and an average price target of $103.67.

About Nasdaq

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.