Van ECK Associates Corp Has $400.51 Million Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Van ECK Associates Corp boosted its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,367,613 shares of the financial services provider’s stock after acquiring an additional 101,829 shares during the quarter. Van ECK Associates Corp owned 3.61% of MarketAxess worth $400,506,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Alliance Wealth Advisors LLC UT raised its stake in MarketAxess by 2.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 2,198 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 48 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of MarketAxess by 81.7% in the 4th quarter. Russell Investments Group Ltd. now owns 56,878 shares of the financial services provider’s stock worth $16,672,000 after purchasing an additional 25,572 shares during the last quarter. Truist Financial Corp increased its position in shares of MarketAxess by 4.4% during the 4th quarter. Truist Financial Corp now owns 10,293 shares of the financial services provider’s stock worth $3,014,000 after purchasing an additional 438 shares in the last quarter. GAMMA Investing LLC bought a new position in MarketAxess during the 4th quarter valued at about $74,000. Finally, Linden Thomas Advisory Services LLC lifted its holdings in MarketAxess by 3.8% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 5,588 shares of the financial services provider’s stock valued at $1,636,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Stock Up 1.1 %

MKTX stock traded up $2.31 during midday trading on Monday, reaching $204.10. The company’s stock had a trading volume of 510,561 shares, compared to its average volume of 418,002. The business’s 50-day simple moving average is $214.73 and its 200-day simple moving average is $236.64. MarketAxess Holdings Inc. has a 52 week low of $199.34 and a 52 week high of $322.25. The stock has a market cap of $7.67 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98.

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

Insider Transactions at MarketAxess

In related news, CRO Kevin M. Mcpherson sold 2,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $221.26, for a total value of $442,520.00. Following the sale, the executive now directly owns 70,092 shares in the company, valued at approximately $15,508,555.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on MKTX shares. Piper Sandler decreased their price objective on shares of MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Rosenblatt Securities dropped their price target on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a report on Thursday, February 1st. Bank of America began coverage on MarketAxess in a research note on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 price objective on the stock. William Blair restated an “outperform” rating on shares of MarketAxess in a research note on Tuesday, January 23rd. Finally, Barclays reduced their price target on shares of MarketAxess from $239.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, MarketAxess has a consensus rating of “Hold” and a consensus target price of $252.80.

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.