Coldstream Capital Management Inc. Increases Stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Coldstream Capital Management Inc. boosted its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,056 shares of the financial services provider’s stock after purchasing an additional 411 shares during the period. Coldstream Capital Management Inc.’s holdings in MarketAxess were worth $2,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its stake in shares of MarketAxess by 4.0% during the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider’s stock valued at $303,000 after buying an additional 52 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in MarketAxess by 3.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider’s stock valued at $384,000 after acquiring an additional 61 shares during the period. Versor Investments LP grew its position in MarketAxess by 6.3% in the 4th quarter. Versor Investments LP now owns 1,102 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 65 shares during the last quarter. Global X Japan Co. Ltd. increased its stake in MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 70 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of MarketAxess by 2.6% during the fourth quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider’s stock worth $673,000 after purchasing an additional 75 shares during the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.

MarketAxess Price Performance

Shares of NASDAQ:MKTX opened at $219.00 on Friday. The firm has a market capitalization of $8.25 billion, a P/E ratio of 30.12, a P/E/G ratio of 3.89 and a beta of 1.12. The business’s 50-day moving average is $210.22 and its 200 day moving average is $232.30. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68.

MarketAxess (NASDAQ:MKTX) last posted its quarterly 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 33.56% and a return on equity of 20.23%. On average, analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

Analyst Ratings Changes

MKTX has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. UBS Group lowered their target price on MarketAxess from $305.00 to $295.00 and set a “buy” rating for the company in a report on Monday, April 7th. William Blair initiated coverage on MarketAxess in a report on Friday, April 4th. They issued an “outperform” rating for the company. Piper Sandler reduced their price target on shares of MarketAxess from $220.00 to $213.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Bank of America increased their price objective on shares of MarketAxess from $189.00 to $191.00 and gave the company an “underperform” rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $252.11.

MarketAxess Company Profile

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.