Analyzing the Future of MarketAxess Stock

MarketAxess stock is trading -9.06% below its average target price of $237.33 after marking a 5.6% during today's afternoon session. Analysts are giving the Mid-Cap Capital Markets company an average rating of hold and target prices ranging from $183.0 to $310.0 per share.

The stock has an average amount of shares sold short at 3.3%, and a short ratio of 3.0. Since 2.31% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 102.1% of MarketAxess's shares being owned by this investor type.

Institutions Invested in MarketAxess

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 12% 4,539,440 $979,747,343
2024-03-31 Blackrock Inc. 9% 3,223,933 $695,821,465
2024-03-31 Guardcap Asset Management Ltd. 6% 2,425,897 $523,581,353
2023-12-31 Royal Bank of Canada 5% 1,770,203 $382,062,916
2023-12-31 State Street Corporation 4% 1,699,125 $366,722,151
2024-03-31 Van Eck Associates Corporation 4% 1,657,960 $357,837,509
2023-12-31 T. Rowe Price Investment Management, Inc. 3% 1,228,330 $265,110,466
2024-03-31 FMR, LLC 3% 1,153,407 $248,939,834
2024-03-31 Primecap Management Company 3% 1,125,920 $243,007,315
2024-03-31 Macquarie Group Limited 3% 1,046,351 $225,833,938

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on MarketAxess.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.