Nasdaq Inc (NASDAQ:NDAQ) Director Lars Wedenborn sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total value of $224,850.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
NASDAQ NDAQ opened at $91.32 on Monday. Nasdaq Inc has a one year low of $72.98 and a one year high of $96.84. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $14.97 billion, a P/E ratio of 22.49, a PEG ratio of 2.00 and a beta of 0.53.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.01. Nasdaq had a return on equity of 13.69% and a net margin of 17.95%. The firm had revenue of $600.00 million during the quarter, compared to the consensus estimate of $605.67 million. During the same period in the prior year, the company earned $1.01 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that Nasdaq Inc will post 4.77 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of NDAQ. Great Lakes Advisors LLC acquired a new stake in shares of Nasdaq in the 3rd quarter worth $284,000. Vanguard Group Inc. increased its stake in shares of Nasdaq by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 12,105,807 shares of the financial services provider’s stock worth $1,038,679,000 after acquiring an additional 69,633 shares during the last quarter. Morgan Stanley increased its stake in shares of Nasdaq by 20.2% in the 3rd quarter. Morgan Stanley now owns 742,548 shares of the financial services provider’s stock worth $63,709,000 after acquiring an additional 124,957 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Nasdaq by 5.6% in the 3rd quarter. Legal & General Group Plc now owns 633,583 shares of the financial services provider’s stock worth $54,370,000 after acquiring an additional 33,381 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its stake in shares of Nasdaq by 0.6% in the 3rd quarter. Standard Life Aberdeen plc now owns 300,587 shares of the financial services provider’s stock worth $25,790,000 after acquiring an additional 1,835 shares during the last quarter. 75.89% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on NDAQ shares. ValuEngine lowered Nasdaq from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. BidaskClub lowered Nasdaq from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Deutsche Bank decreased their target price on Nasdaq from $103.00 to $97.00 and set a “buy” rating on the stock in a research report on Thursday, October 11th. Atlantic Securities started coverage on Nasdaq in a research report on Wednesday, November 28th. They set an “overweight” rating and a $105.00 target price on the stock. Finally, Zacks Investment Research upgraded Nasdaq from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $96.29.
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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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