Flossbach Von Storch SE Grows Stock Holdings in MarketAxess Holdings Inc. $MKTX

Flossbach Von Storch SE grew its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 243.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,000 shares of the financial services provider’s stock after acquiring an additional 56,000 shares during the quarter. Flossbach Von Storch SE owned 0.21% of MarketAxess worth $13,766,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MUFG Securities EMEA plc purchased a new stake in MarketAxess during the 2nd quarter valued at $25,000. Geneos Wealth Management Inc. lifted its stake in shares of MarketAxess by 200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 80 shares during the period. True Wealth Design LLC boosted its stake in shares of MarketAxess by 992.9% during the 2nd quarter. True Wealth Design LLC now owns 153 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 139 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in MarketAxess in the third quarter worth about $38,000. Finally, Salomon & Ludwin LLC purchased a new stake in MarketAxess in the 3rd quarter worth approximately $53,000. Institutional investors own 99.01% of the company’s stock.

MarketAxess Price Performance

MarketAxess stock opened at $168.56 on Thursday. MarketAxess Holdings Inc. has a 1-year low of $156.17 and a 1-year high of $232.84. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 4.25 and a beta of 0.97. The business has a fifty day moving average price of $173.18 and a 200-day moving average price of $179.66.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Friday, November 7th. The financial services provider reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. The company had revenue of $208.82 million during the quarter, compared to analysts’ expectations of $212.59 million. MarketAxess had a net margin of 26.16% and a return on equity of 20.20%. MarketAxess’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the business earned $1.90 EPS. On average, equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on MKTX shares. Keefe, Bruyette & Woods boosted their price objective on MarketAxess from $194.00 to $198.00 and gave the company a “market perform” rating in a research report on Monday, November 10th. Weiss Ratings downgraded shares of MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Loop Capital set a $164.00 target price on MarketAxess in a research report on Tuesday, October 14th. Morgan Stanley reduced their price target on MarketAxess from $204.00 to $195.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Finally, Argus lowered their price objective on shares of MarketAxess from $212.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, MarketAxess presently has a consensus rating of “Hold” and an average target price of $201.64.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.