Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lessened its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 32.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,139 shares of the financial services provider’s stock after selling 1,507 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Nasdaq were worth $229,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Xponance Inc. lifted its stake in shares of Nasdaq by 2.4% in the 4th quarter. Xponance Inc. now owns 92,373 shares of the financial services provider’s stock worth $7,141,000 after acquiring an additional 2,208 shares during the period. Horizon Kinetics Asset Management LLC lifted its stake in shares of Nasdaq by 0.3% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 103,246 shares of the financial services provider’s stock valued at $7,982,000 after purchasing an additional 328 shares during the period. TCTC Holdings LLC acquired a new stake in shares of Nasdaq in the fourth quarter valued at about $41,000. Signaturefd LLC lifted its stake in shares of Nasdaq by 4.7% in the fourth quarter. Signaturefd LLC now owns 6,893 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 309 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Nasdaq by 4.5% in the fourth quarter. Parallel Advisors LLC now owns 4,550 shares of the financial services provider’s stock valued at $352,000 after purchasing an additional 197 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Raymond James raised their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and raised their target price for the company from $80.00 to $98.00 in a report on Wednesday, January 8th. Barclays dropped their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Keefe, Bruyette & Woods raised their target price on shares of Nasdaq from $86.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Price Performance

Nasdaq stock opened at $75.55 on Friday. Nasdaq, Inc. has a 1 year low of $58.10 and a 1 year high of $84.15. The firm has a 50 day moving average price of $79.17 and a 200 day moving average price of $77.44. The company has a market cap of $43.45 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Sell-side analysts predict that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. Nasdaq’s payout ratio is 50.00%.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now directly owns 55,576 shares of the company’s stock, valued at $4,532,778.56. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $73.68, for a total transaction of $1,102,179.12. Following the transaction, the executive vice president now directly owns 59,694 shares in the company, valued at approximately $4,398,253.92. This trade represents a 20.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.