Barclays restated their hold rating on shares of MarketAxess (NASDAQ:MKTX) in a research report released on Friday morning. The brokerage currently has a $198.00 price objective on the financial services provider’s stock.
MKTX has been the topic of several other research reports. Keefe, Bruyette & Woods reissued a hold rating and set a $210.00 target price on shares of MarketAxess in a research report on Thursday, July 26th. ValuEngine raised MarketAxess from a hold rating to a buy rating in a research report on Thursday, October 4th. BidaskClub raised MarketAxess from a hold rating to a buy rating in a research report on Friday, July 20th. Zacks Investment Research downgraded MarketAxess from a hold rating to a sell rating in a research report on Monday, September 10th. Finally, Jefferies Financial Group began coverage on MarketAxess in a research report on Wednesday, August 1st. They set a hold rating and a $219.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $210.63.
Shares of MKTX opened at $187.50 on Friday. The company has a market cap of $6.71 billion, a PE ratio of 48.08, a PEG ratio of 8.16 and a beta of 0.44. MarketAxess has a 1 year low of $171.45 and a 1 year high of $229.84.
In other MarketAxess news, CEO Richard M. Mcvey sold 10,959 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $189.31, for a total value of $2,074,648.29. Following the transaction, the chief executive officer now owns 1,054,743 shares of the company’s stock, valued at approximately $199,673,397.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas Themelis sold 12,831 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $186.51, for a total value of $2,393,109.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,804 shares of company stock worth $12,555,086. Corporate insiders own 3.52% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MKTX. TLP Group LLC bought a new position in MarketAxess in the 1st quarter valued at $204,000. Alps Advisors Inc. bought a new position in MarketAxess in the 2nd quarter valued at $205,000. Atria Investments LLC grew its position in MarketAxess by 25.6% in the 3rd quarter. Atria Investments LLC now owns 1,358 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 277 shares during the last quarter. Hartford Investment Management Co. bought a new position in MarketAxess in the 2nd quarter valued at $278,000. Finally, GFS Advisors LLC bought a new position in MarketAxess in the 2nd quarter valued at $361,000. 99.98% of the stock is currently owned by institutional investors.
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.
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