ProShare Advisors LLC Has $8.18 Million Holdings in Nasdaq, Inc. $NDAQ

ProShare Advisors LLC decreased its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,457 shares of the financial services provider’s stock after selling 5,461 shares during the quarter. ProShare Advisors LLC’s holdings in Nasdaq were worth $8,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Flossbach Von Storch SE boosted its stake in shares of Nasdaq by 1.2% during the second quarter. Flossbach Von Storch SE now owns 1,172,990 shares of the financial services provider’s stock valued at $104,889,000 after purchasing an additional 14,013 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Nasdaq by 23.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 132,761 shares of the financial services provider’s stock valued at $11,871,000 after buying an additional 25,380 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Nasdaq by 9.9% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 800,654 shares of the financial services provider’s stock valued at $71,594,000 after buying an additional 72,032 shares during the last quarter. AGF Management Ltd. acquired a new stake in Nasdaq during the 2nd quarter worth approximately $823,000. Finally, True Wealth Design LLC grew its holdings in Nasdaq by 5,318.2% during the 2nd quarter. True Wealth Design LLC now owns 596 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 585 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Nasdaq Stock Up 1.1%

Shares of Nasdaq stock opened at $88.77 on Thursday. The stock’s 50-day moving average is $89.25 and its 200 day moving average is $88.50. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $97.63. The firm has a market cap of $50.69 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 1.79 and a beta of 0.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.99.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.06. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Nasdaq had a return on equity of 16.28% and a net margin of 19.90%.The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. Equities research analysts anticipate that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.08 annualized dividend and a yield of 1.2%. Nasdaq’s dividend payout ratio is currently 38.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NDAQ shares. Barclays set a $109.00 price target on shares of Nasdaq and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. UBS Group raised Nasdaq from a “neutral” rating to a “buy” rating and raised their target price for the stock from $95.00 to $115.00 in a research report on Friday, July 25th. Piper Sandler upped their price target on Nasdaq from $97.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Nasdaq from $97.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 target price on shares of Nasdaq in a report on Thursday, October 9th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.67.

Insider Buying and Selling

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $85.40, for a total value of $179,767.00. Following the completion of the sale, the executive vice president directly owned 84,974 shares of the company’s stock, valued at approximately $7,256,779.60. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

About Nasdaq

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.