Fmr LLC Has $139.28 Million Stock Position in Nasdaq Inc (NASDAQ:NDAQ)

FMR LLC lowered its stake in Nasdaq Inc (NASDAQ:NDAQ) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,591,942 shares of the financial services provider’s stock after selling 63,941 shares during the quarter. FMR LLC owned about 0.96% of Nasdaq worth $139,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cleararc Capital Inc. acquired a new position in Nasdaq in the 1st quarter worth about $245,000. Nordea Investment Management AB raised its holdings in Nasdaq by 45.9% in the 1st quarter. Nordea Investment Management AB now owns 297,368 shares of the financial services provider’s stock worth $26,020,000 after purchasing an additional 93,530 shares during the period. Marshall Wace LLP raised its holdings in Nasdaq by 3,534.5% in the 1st quarter. Marshall Wace LLP now owns 91,627 shares of the financial services provider’s stock worth $8,016,000 after purchasing an additional 89,106 shares during the period. Andra AP fonden acquired a new position in Nasdaq in the 1st quarter worth about $5,879,000. Finally, Wealthfront Advisers LLC raised its holdings in shares of Nasdaq by 78.3% during the first quarter. Wealthfront Advisers LLC now owns 9,689 shares of the financial services provider’s stock valued at $848,000 after acquiring an additional 4,254 shares during the last quarter. Hedge funds and other institutional investors own 76.09% of the company’s stock.

Nasdaq stock traded up $0.50 during midday trading on Thursday, reaching $103.14. The company’s stock had a trading volume of 653,218 shares, compared to its average volume of 746,878. The stock’s 50-day moving average is $97.47. The stock has a market cap of $17.01 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.80 and a beta of 0.64. Nasdaq Inc has a fifty-two week low of $75.49 and a fifty-two week high of $104.69. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.49.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. Nasdaq had a return on equity of 14.60% and a net margin of 12.67%. The company had revenue of $638.00 million for the quarter, compared to analyst estimates of $632.71 million. During the same quarter last year, the company posted $1.22 earnings per share. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. As a group, equities research analysts forecast that Nasdaq Inc will post 4.9 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, June 13th. This is a positive change from Nasdaq’s previous quarterly dividend of $0.44. Nasdaq’s payout ratio is currently 38.84%.

In other Nasdaq news, insider Edward S. Knight sold 22,059 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $90.83, for a total value of $2,003,618.97. Following the completion of the transaction, the insider now directly owns 95,322 shares in the company, valued at approximately $8,658,097.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lars Wedenborn sold 1,946 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $90.36, for a total transaction of $175,840.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,715 shares of company stock valued at $2,923,953. Insiders own 0.50% of the company’s stock.

NDAQ has been the subject of a number of research analyst reports. Wells Fargo & Co increased their target price on Apollo Global Management from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Bank of America set a $77.00 price target on Zscaler and gave the company a “neutral” rating in a research report on Friday, May 31st. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $100.70.

Nasdaq Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Institutional Ownership by Quarter for Nasdaq (NASDAQ:NDAQ)

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