Universal Beteiligungs und Servicegesellschaft mbH Purchases 13,947 Shares of Nasdaq, Inc. $NDAQ

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 619,717 shares of the financial services provider’s stock after buying an additional 13,947 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Nasdaq worth $54,814,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Front Row Advisors LLC acquired a new position in Nasdaq in the 2nd quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Nasdaq in the second quarter worth $27,000. Tripletail Wealth Management LLC acquired a new stake in Nasdaq in the third quarter valued at $27,000. Access Investment Management LLC bought a new position in Nasdaq during the 2nd quarter worth $28,000. Finally, West Branch Capital LLC bought a new position in Nasdaq during the 3rd quarter worth $29,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NDAQ has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a research report on Thursday, October 9th. Barclays set a $115.00 price objective on Nasdaq and gave the stock an “overweight” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. increased their target price on shares of Nasdaq from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. TD Cowen restated a “hold” rating on shares of Nasdaq in a research report on Wednesday, January 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a research note on Thursday, January 15th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.67.

Nasdaq Price Performance

Shares of NDAQ opened at $98.78 on Thursday. The firm has a market cap of $56.40 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01. Nasdaq, Inc. has a 52-week low of $64.84 and a 52-week high of $101.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $94.11 and its two-hundred day moving average price is $92.21.

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

Insiders Place Their Bets

In other news, EVP Jeremy Skule sold 2,105 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $85.40, for a total transaction of $179,767.00. Following the transaction, the executive vice president owned 84,974 shares in the company, valued at approximately $7,256,779.60. This represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adena T. Friedman sold 300,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $96.39, for a total transaction of $28,917,000.00. Following the transaction, the chief executive officer directly owned 1,924,903 shares in the company, valued at $185,541,400.17. This trade represents a 13.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 306,605 shares of company stock worth $29,546,812. 0.70% of the stock is currently owned by company insiders.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.