Nasdaq, Inc. (NASDAQ:NDAQ) Shares Sold by Choreo LLC

Choreo LLC reduced its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,690 shares of the financial services provider’s stock after selling 2,100 shares during the period. Choreo LLC’s holdings in Nasdaq were worth $827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NDAQ. Mirae Asset Global Investments Co. Ltd. grew its stake in Nasdaq by 26.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,173 shares of the financial services provider’s stock valued at $3,454,000 after acquiring an additional 9,130 shares during the period. Y.D. More Investments Ltd lifted its holdings in Nasdaq by 94.2% during the fourth quarter. Y.D. More Investments Ltd now owns 606 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 294 shares in the last quarter. Stratos Wealth Advisors LLC grew its position in shares of Nasdaq by 4.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 6,181 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 245 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Nasdaq by 2.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 54,414 shares of the financial services provider’s stock worth $4,207,000 after purchasing an additional 1,392 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Nasdaq by 16.3% during the 4th quarter. Yousif Capital Management LLC now owns 59,023 shares of the financial services provider’s stock worth $4,563,000 after purchasing an additional 8,273 shares during the last quarter. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Bryan Everard Smith sold 3,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This represents a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of Nasdaq stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total value of $950,906.25. Following the completion of the transaction, the executive vice president now directly owns 102,505 shares of the company’s stock, valued at approximately $8,072,268.75. This represents a 10.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NDAQ shares. Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Argus lifted their price target on Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Citigroup increased their price objective on Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Barclays lowered their target price on shares of Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Raymond James raised their price target on shares of Nasdaq from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Nasdaq presently has an average rating of “Moderate Buy” and an average price target of $86.88.

Nasdaq Price Performance

NASDAQ:NDAQ opened at $82.82 on Monday. The company has a market capitalization of $47.60 billion, a P/E ratio of 43.14, a P/E/G ratio of 2.15 and a beta of 0.99. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. Nasdaq, Inc. has a 52 week low of $54.90 and a 52 week high of $84.15. The stock’s fifty day moving average is $79.55 and its two-hundred day moving average is $75.56.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Equities analysts expect that Nasdaq, Inc. will post 3.17 EPS for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.16%. Nasdaq’s dividend payout ratio is currently 50.00%.

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.