Primecap Management Adds $20M in MarketAxess Holdings Inc. ($MKTX)
Key Points
- Primecap Management changed its MarketAxess Holdings Inc. ($MKTX) stake by 5.4% last quarter, boosting to 3,347,125 shares worth $389.37 million.
- Wall Street's consensus rating on $MKTX is Buy and an average price target of $179.45.
- $MKTX last traded around $116.33.
Primecap Management increased its position in MarketAxess Holdings Inc. ($MKTX) by 5.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,347,125 shares of MarketAxess Holdings Inc. after buying 171,700 shares during the quarter. Primecap Management's holdings in MarketAxess Holdings Inc. were worth $389.37 million as of its most recent filing.
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About MarketAxess Holdings Inc.
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms in the United States, the United Kingdom, and internationally. The company offers trading technology to access liquidity on its platforms in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. government bonds, and other fixed-income securities; and executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds through its Open Trading protocols. It also provides automated and algorithmic trading solutions, such as X-Pro, a trading platform to combine trading protocols with its proprietary data and pre-trade analytics; and integrated and actionable data offerings, including CP+ and Axess All, a real-time pricing engine, including Auto-X and portfolio trading. In addition, the company offers various pre-and post-trade services, such as processing, trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. The company was incorporated in 2000 and is headquartered in New York, New York.
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