Nasdaq, Inc. (NASDAQ:NDAQ) Stake Cut by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd cut its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 50.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,265 shares of the financial services provider’s stock after selling 62,265 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd’s holdings in Nasdaq were worth $4,814,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in shares of Nasdaq during the fourth quarter worth approximately $26,000. Founders Capital Management purchased a new position in shares of Nasdaq during the 4th quarter valued at $27,000. Kestra Investment Management LLC acquired a new position in shares of Nasdaq in the fourth quarter worth $33,000. Raleigh Capital Management Inc. raised its holdings in shares of Nasdaq by 106.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 225 shares in the last quarter. Finally, TCTC Holdings LLC acquired a new stake in Nasdaq during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Up 2.5 %

NDAQ opened at $77.41 on Tuesday. The business has a 50 day moving average of $79.20 and a 200-day moving average of $77.50. The stock has a market capitalization of $44.52 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 2.12 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.95 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 1-year low of $58.10 and a 1-year high of $84.15.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share 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%. As a group, sell-side analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current year.

Nasdaq Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.24%. Nasdaq’s dividend payout ratio is 50.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NDAQ. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price target on shares of Nasdaq in a research note on Thursday, January 30th. Oppenheimer raised their price objective on shares of Nasdaq from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. StockNews.com downgraded shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. William Blair began coverage on shares of Nasdaq in a report on Monday, November 25th. They set an “outperform” rating on the stock. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. One equities research 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.com, Nasdaq presently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Insider Buying and Selling at Nasdaq

In other news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares in the company, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sarah Youngwood sold 14,959 shares of Nasdaq stock in a transaction dated 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 sale, the executive vice president now 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. Insiders own 0.70% of the company’s stock.

Nasdaq Company Profile

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.