DoubleLine ETF Adviser LP Raises Holdings in Nasdaq, Inc. (NASDAQ:NDAQ)

DoubleLine ETF Adviser LP raised its holdings in Nasdaq, Inc. (NASDAQ:NDAQ) by 8.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,287 shares of the financial services provider’s stock after purchasing an additional 479 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Nasdaq were worth $379,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Thoma Bravo L.P. acquired a new position in Nasdaq in the fourth quarter valued at about $4,166,454,000. Vanguard Group Inc. lifted its holdings in shares of Nasdaq by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after acquiring an additional 3,173,981 shares during the last quarter. Farallon Capital Management LLC lifted its holdings in shares of Nasdaq by 28.4% in the 1st quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock worth $532,357,000 after acquiring an additional 1,866,219 shares during the last quarter. Bain Capital Public Equity Management II LLC purchased a new position in shares of Nasdaq during the 4th quarter worth approximately $96,241,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Nasdaq by 283.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,154,143 shares of the financial services provider’s stock valued at $72,880,000 after purchasing an additional 853,414 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the sale, the insider now owns 42,804,207 shares in the company, valued at $2,764,295,688.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Down 0.7 %

Shares of NASDAQ NDAQ opened at $72.56 on Friday. The business has a 50-day moving average price of $69.90 and a 200 day moving average price of $63.96. The stock has a market cap of $41.74 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. Nasdaq, Inc. has a 52-week low of $46.88 and a 52-week high of $74.88.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. Equities research analysts forecast that Nasdaq, Inc. will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, September 13th. Nasdaq’s payout ratio is currently 50.53%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America upgraded Nasdaq from an “underperform” rating to a “buy” rating and raised their price target for the stock from $53.00 to $90.00 in a research report on Wednesday, September 4th. Barclays raised their target price on Nasdaq from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Oppenheimer boosted their price target on shares of Nasdaq from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, September 9th. TD Cowen began coverage on shares of Nasdaq in a research note on Thursday. They issued a “hold” rating and a $83.00 price objective for the company. Finally, Keefe, Bruyette & Woods upped their target price on shares of Nasdaq from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.86.

Nasdaq Company 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.