Lynwood Price Capital Management LP Has $5.31 Million Stake in Nasdaq, Inc. $NDAQ

Lynwood Price Capital Management LP decreased its stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 33.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 60,000 shares of the financial services provider’s stock after selling 29,663 shares during the quarter. Nasdaq accounts for 2.7% of Lynwood Price Capital Management LP’s holdings, making the stock its 12th largest position. Lynwood Price Capital Management LP’s holdings in Nasdaq were worth $5,307,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of Nasdaq by 3.8% in the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider’s stock valued at $1,106,000 after buying an additional 538 shares during the period. Woodline Partners LP increased its stake in Nasdaq by 40.7% during the first quarter. Woodline Partners LP now owns 34,962 shares of the financial services provider’s stock valued at $2,652,000 after acquiring an additional 10,110 shares during the period. Focus Partners Wealth raised its holdings in Nasdaq by 22.0% in the 1st quarter. Focus Partners Wealth now owns 14,351 shares of the financial services provider’s stock valued at $1,089,000 after acquiring an additional 2,584 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Nasdaq by 345.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 463 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Nasdaq by 75.8% in the 2nd quarter. Allworth Financial LP now owns 2,041 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 880 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on NDAQ. TD Cowen raised Nasdaq from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $105.00 to $106.00 in a report on Thursday, February 26th. Barclays reaffirmed an “overweight” rating and issued a $115.00 target price (up from $114.00) on shares of Nasdaq in a research report on Friday, January 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Nasdaq in a report on Friday, January 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $108.00 price objective on shares of Nasdaq in a research note on Friday, January 30th. Finally, Morgan Stanley set a $116.00 price objective on shares of Nasdaq and gave the stock an “overweight” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $103.80.

Insider Transactions at Nasdaq

In other news, CEO Adena T. Friedman sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $96.91, for a total transaction of $29,073,000.00. Following the transaction, the chief executive officer directly owned 1,924,903 shares in the company, valued at approximately $186,542,349.73. This represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Zecca sold 4,500 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $100.01, for a total transaction of $450,045.00. Following the sale, the executive vice president directly owned 125,674 shares in the company, valued at $12,568,656.74. This trade represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 697,340 shares of company stock valued at $66,803,072. Insiders own 0.70% of the company’s stock.

Nasdaq Price Performance

Shares of NDAQ stock opened at $85.44 on Thursday. The stock’s fifty day moving average is $89.80 and its 200-day moving average is $90.53. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $48.57 billion, a PE ratio of 27.65, a PEG ratio of 1.59 and a beta of 1.03. Nasdaq, Inc. has a 52 week low of $64.84 and a 52 week high of $101.79.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. Equities research analysts expect that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, March 16th. Nasdaq’s dividend payout ratio (DPR) is presently 34.95%.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.