Park Place Capital Corp Acquires Shares of 196 MarketAxess Holdings Inc. (NASDAQ:MKTX)

Park Place Capital Corp bought a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 196 shares of the financial services provider’s stock, valued at approximately $44,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in MarketAxess by 17.5% in the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock valued at $501,907,000 after buying an additional 291,134 shares during the period. Primecap Management Co. CA boosted its position in MarketAxess by 0.6% during the 3rd quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider’s stock worth $343,032,000 after buying an additional 8,042 shares during the period. Geode Capital Management LLC lifted its holdings in shares of MarketAxess by 14.9% during the third quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock worth $275,122,000 after purchasing an additional 139,949 shares during the period. Stephens Investment Management Group LLC lifted its holdings in MarketAxess by 42.1% during the 3rd quarter. Stephens Investment Management Group LLC now owns 393,877 shares of the financial services provider’s stock worth $100,911,000 after buying an additional 116,607 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of MarketAxess by 2,889.6% in the second quarter. Millennium Management LLC now owns 339,261 shares of the financial services provider’s stock worth $68,032,000 after acquiring an additional 327,913 shares during the period. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Down 0.0 %

NASDAQ MKTX opened at $225.84 on Friday. The company’s 50 day moving average is $237.87 and its 200-day moving average is $247.02. MarketAxess Holdings Inc. has a 12-month low of $192.42 and a 12-month high of $296.68. The firm has a market cap of $8.51 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 4.50 and a beta of 1.03.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.05. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The firm had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $207.17 million. During the same period in the prior year, the business posted $1.46 earnings per share. The company’s revenue was up 20.0% on a year-over-year basis. Equities analysts expect that MarketAxess Holdings Inc. will post 7.25 EPS for the current year.

Insider Buying and Selling at MarketAxess

In related news, General Counsel Scott Pintoff sold 300 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $240.57, for a total value of $72,171.00. Following the transaction, the general counsel now owns 8,302 shares of the company’s stock, valued at $1,997,212.14. This represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard M. Mcvey sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $267.67, for a total value of $2,676,700.00. Following the completion of the sale, the chairman now owns 562,029 shares of the company’s stock, valued at $150,438,302.43. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,300 shares of company stock valued at $8,183,871 in the last 90 days. Corporate insiders own 2.66% of the company’s stock.

Analysts Set New Price Targets

MKTX has been the topic of a number of research analyst reports. Bank of America cut their price target on shares of MarketAxess from $193.00 to $185.00 and set an “underperform” rating on the stock in a research report on Thursday, October 3rd. UBS Group lifted their price target on shares of MarketAxess from $330.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on MarketAxess from $204.00 to $233.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Keefe, Bruyette & Woods reduced their target price on shares of MarketAxess from $255.00 to $251.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Finally, Citigroup upped their target price on MarketAxess from $310.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $261.30.

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.