MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 32.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,874 shares of the financial services provider’s stock after selling 33,636 shares during the period. Los Angeles Capital Management LLC owned approximately 0.19% of MarketAxess worth $20,755,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. New York Life Investment Management LLC grew its holdings in shares of MarketAxess by 3.0% during the 4th quarter. New York Life Investment Management LLC now owns 9,578 shares of the financial services provider’s stock worth $2,805,000 after purchasing an additional 279 shares during the period. Norden Group LLC raised its stake in shares of MarketAxess by 52.4% in the 4th quarter. Norden Group LLC now owns 2,228 shares of the financial services provider’s stock valued at $652,000 after acquiring an additional 766 shares during the period. Islay Capital Management LLC lifted its holdings in shares of MarketAxess by 84.7% in the 4th quarter. Islay Capital Management LLC now owns 2,927 shares of the financial services provider’s stock worth $857,000 after acquiring an additional 1,342 shares during the last quarter. Amica Mutual Insurance Co. purchased a new position in shares of MarketAxess during the 4th quarter worth approximately $571,000. Finally, Van ECK Associates Corp increased its holdings in MarketAxess by 8.0% in the 4th quarter. Van ECK Associates Corp now owns 1,367,613 shares of the financial services provider’s stock valued at $400,506,000 after purchasing an additional 101,829 shares during the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MKTX shares. Barclays dropped their price objective on MarketAxess from $239.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, April 8th. Rosenblatt Securities dropped their price objective on MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a report on Thursday, February 1st. William Blair reissued an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. The Goldman Sachs Group reduced their price objective on MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Finally, Morgan Stanley increased their price target on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Two 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $252.80.

Insiders Place Their Bets

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the company’s stock in a transaction on 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 in the company, valued at $15,508,555.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

MarketAxess Stock Down 2.5 %

Shares of MKTX traded down $5.30 during trading hours on Friday, reaching $203.82. 505,834 shares of the company traded hands, compared to its average volume of 367,799. The stock has a fifty day simple moving average of $213.67 and a 200 day simple moving average of $235.45. MarketAxess Holdings Inc. has a fifty-two week low of $199.33 and a fifty-two week high of $303.85. The stock has a market capitalization of $7.66 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 4.37 and a beta of 0.98.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.11. The business had revenue of $197.20 million during the quarter, compared to analyst estimates of $196.70 million. MarketAxess had a net margin of 34.29% and a return on equity of 21.76%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 earnings per share. Research analysts predict that MarketAxess Holdings Inc. will post 7.28 EPS for the current fiscal year.

About MarketAxess

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.