MarketAxess (NASDAQ:MKTX) Price Target Lowered to $225.00 at Barclays

MarketAxess (NASDAQ:MKTX) had its price objective cut by research analysts at Barclays from $256.00 to $225.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 11.73% from the company’s current price.

A number of other research analysts have also issued reports on MKTX. UBS Group decreased their target price on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a research report on Friday. Piper Sandler decreased their target price on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley upped their price target on shares of MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft upped their price target on shares of MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods cut their price target on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $257.33.

MarketAxess Trading Up 0.0 %

Shares of NASDAQ:MKTX traded up $0.06 on Friday, reaching $201.37. 767,793 shares of the company’s stock were exchanged, compared to its average volume of 510,860. The company has a fifty day moving average of $227.76 and a 200-day moving average of $246.99. MarketAxess has a twelve month low of $192.42 and a twelve month high of $296.68. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 4.48 and a beta of 1.02.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. As a group, equities research analysts forecast that MarketAxess will post 7.25 EPS for the current fiscal year.

Insider Transactions at MarketAxess

In other MarketAxess news, General Counsel Scott Pintoff sold 300 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the completion of the sale, the general counsel now directly owns 8,302 shares in the company, valued at approximately $1,997,212.14. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $271.75, for a total transaction of $5,435,000.00. Following the completion of the sale, the chairman now owns 592,029 shares of the company’s stock, valued at $160,883,880.75. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,300 shares of company stock worth $8,183,871 over the last three months. 2.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On MarketAxess

A number of large investors have recently bought and sold shares of MKTX. Van ECK Associates Corp lifted its stake in shares of MarketAxess by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider’s stock valued at $452,246,000 after buying an additional 236,497 shares in the last quarter. FMR LLC lifted its stake in shares of MarketAxess by 17.5% in the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock valued at $501,907,000 after buying an additional 291,134 shares in the last quarter. Primecap Management Co. CA lifted its stake in shares of MarketAxess by 0.6% in the third quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider’s stock valued at $343,032,000 after buying an additional 8,042 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of MarketAxess by 14.9% in the third quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock valued at $275,122,000 after buying an additional 139,949 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of MarketAxess by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 440,934 shares of the financial services provider’s stock valued at $99,669,000 after buying an additional 11,291 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

About MarketAxess

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.