Burling Wealth Partners LLC Has $2.93 Million Stake in Nasdaq, Inc. $NDAQ

Burling Wealth Partners LLC increased its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 28.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,065 shares of the financial services provider’s stock after buying an additional 7,406 shares during the period. Burling Wealth Partners LLC’s holdings in Nasdaq were worth $2,925,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Nasdaq by 2.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 4,935 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 110 shares in the last quarter. Leavell Investment Management Inc. increased its position in Nasdaq by 0.4% during the second quarter. Leavell Investment Management Inc. now owns 26,156 shares of the financial services provider’s stock worth $2,339,000 after buying an additional 116 shares during the last quarter. Fielder Capital Group LLC raised its holdings in Nasdaq by 3.0% during the second quarter. Fielder Capital Group LLC now owns 4,253 shares of the financial services provider’s stock valued at $380,000 after buying an additional 122 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in Nasdaq by 2.3% during the second quarter. Freedom Investment Management Inc. now owns 5,684 shares of the financial services provider’s stock valued at $508,000 after buying an additional 128 shares in the last quarter. Finally, Advisors Capital Management LLC lifted its position in shares of Nasdaq by 3.4% in the second quarter. Advisors Capital Management LLC now owns 3,968 shares of the financial services provider’s stock worth $355,000 after buying an additional 129 shares during the last quarter. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NDAQ has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on Nasdaq from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Barclays reiterated an “overweight” rating and set a $115.00 price target (up previously from $114.00) on shares of Nasdaq in a report on Friday, January 30th. UBS Group restated a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Nasdaq in a research note on Monday, January 12th. Morgan Stanley set a $116.00 target price on shares of Nasdaq and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Nasdaq in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and an average target price of $103.13.

Insider Transactions at Nasdaq

In other news, CEO Adena T. Friedman sold 300,000 shares of Nasdaq stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the sale, the chief executive officer directly owned 1,924,903 shares in the company, valued at approximately $185,541,400.17. The trade was a 13.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Zecca sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the transaction, the executive vice president owned 125,674 shares of the company’s stock, valued at approximately $12,568,656.74. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 604,500 shares of company stock valued at $58,440,045 over the last ninety days. 0.70% of the stock is owned by insiders.

Nasdaq Stock Up 2.4%

Shares of NDAQ opened at $82.13 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50-day simple moving average of $94.24 and a 200-day simple moving average of $91.87. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $101.79. The firm has a market capitalization of $46.69 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.32 and a beta of 1.02.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. On average, equities research analysts expect that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s payout ratio is 34.95%.

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.