Lindbrook Capital LLC Increases Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

Lindbrook Capital LLC lifted its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 158.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 902 shares of the financial services provider’s stock after purchasing an additional 553 shares during the period. Lindbrook Capital LLC’s holdings in Nasdaq were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of Nasdaq by 6.5% during the 3rd quarter. CWM LLC now owns 11,683 shares of the financial services provider’s stock valued at $568,000 after buying an additional 714 shares during the last quarter. Czech National Bank grew its stake in Nasdaq by 47.8% in the 3rd quarter. Czech National Bank now owns 59,251 shares of the financial services provider’s stock valued at $2,879,000 after buying an additional 19,165 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Nasdaq by 9.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 153,984 shares of the financial services provider’s stock valued at $7,482,000 after acquiring an additional 13,899 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Nasdaq by 28.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,116,819 shares of the financial services provider’s stock valued at $54,266,000 after purchasing an additional 250,238 shares during the period. Finally, Ridgewood Investments LLC lifted its holdings in Nasdaq by 10.3% during the 3rd quarter. Ridgewood Investments LLC now owns 25,743 shares of the financial services provider’s stock worth $1,251,000 after purchasing an additional 2,403 shares in the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nasdaq news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Bryan Everard Smith sold 7,400 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.91, for a total transaction of $465,534.00. Following the transaction, the executive vice president now directly owns 61,672 shares of the company’s stock, valued at $3,879,785.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the transaction, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Nasdaq Price Performance

Shares of Nasdaq stock opened at $60.29 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.01 and a current ratio of 1.01. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $64.25. The company has a fifty day moving average of $59.84 and a 200-day moving average of $56.39. The stock has a market capitalization of $34.68 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Nasdaq had a return on equity of 19.28% and a net margin of 17.48%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. Equities research analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Wednesday, March 13th. Nasdaq’s dividend payout ratio (DPR) is presently 41.71%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NDAQ. Piper Sandler lifted their target price on Nasdaq from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Barclays started coverage on shares of Nasdaq in a research note on Thursday, April 11th. They issued an “overweight” rating and a $76.00 target price on the stock. Oppenheimer boosted their price target on shares of Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Citigroup increased their price objective on Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Finally, The Goldman Sachs Group upgraded Nasdaq from a “neutral” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Nasdaq currently has an average rating of “Moderate Buy” and an average price target of $67.09.

Nasdaq Profile

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.