J. Safra Sarasin Holding AG Acquires New Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

J. Safra Sarasin Holding AG bought a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,715 shares of the financial services provider’s stock, valued at approximately $840,000.

Several other hedge funds also recently bought and sold shares of MKTX. Global X Japan Co. Ltd. boosted its stake in shares of MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after buying an additional 70 shares during the period. Allianz SE purchased a new stake in shares of MarketAxess in the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC raised its holdings in shares of MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of MarketAxess by 13,900.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 139 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Wall Street Analysts Forecast Growth

MKTX has been the topic of a number of research analyst reports. UBS Group cut their price objective on shares of MarketAxess from $305.00 to $295.00 and set a “buy” rating on the stock in a report on Monday, April 7th. The Goldman Sachs Group reduced their price target on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Bank of America raised their price objective on MarketAxess from $189.00 to $191.00 and gave the stock an “underperform” rating in a report on Wednesday, April 2nd. Piper Sandler reduced their target price on MarketAxess from $220.00 to $213.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods dropped their price target on MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $252.11.

MarketAxess Stock Down 2.1 %

Shares of MKTX opened at $217.64 on Thursday. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 3.89 and a beta of 1.12. The business’s 50 day moving average is $209.22 and its two-hundred day moving average is $233.37. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, equities analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

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.