Horizon Kinetics Asset Management LLC Cuts Stock Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Horizon Kinetics Asset Management LLC reduced its position in Nasdaq, Inc. (NASDAQ:NDAQ) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,918 shares of the financial services provider’s stock after selling 655 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Nasdaq were worth $7,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd increased its position in shares of Nasdaq by 94.8% in the second quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in Nasdaq in the 2nd quarter worth $26,000. Catalyst Capital Advisors LLC acquired a new position in Nasdaq during the third quarter worth $27,000. Crewe Advisors LLC lifted its holdings in Nasdaq by 164.4% during the second quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 314 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Nasdaq in the first quarter valued at about $31,000. 72.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NDAQ has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on shares of Nasdaq from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. UBS Group raised their target price on Nasdaq from $73.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Argus boosted their price target on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Bank of America decreased their price objective on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, StockNews.com lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.87.

Insider Buying and Selling at Nasdaq

In related news, insider Pc Nelson Griggs sold 5,742 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now owns 205,821 shares in the company, valued at approximately $15,918,196.14. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the transaction, the executive vice president now owns 102,505 shares of the company’s stock, valued at $8,072,268.75. This trade represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,459 shares of company stock valued at $3,811,808 over the last 90 days. 0.70% of the stock is owned by insiders.

Nasdaq Stock Up 1.9 %

Shares of NASDAQ NDAQ opened at $82.65 on Monday. The company has a market capitalization of $47.50 billion, a P/E ratio of 48.55, a P/E/G ratio of 3.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50 day simple moving average of $75.11 and a 200-day simple moving average of $68.15. Nasdaq, Inc. has a 1 year low of $53.62 and a 1 year high of $82.65.

Nasdaq (NASDAQ:NDAQ) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts predict that Nasdaq, Inc. will post 2.79 earnings per share for the current year.

Nasdaq Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.24 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 1.16%. Nasdaq’s dividend payout ratio (DPR) is currently 57.49%.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.