CV Advisors LLC Makes New Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

CV Advisors LLC acquired a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,030 shares of the financial services provider’s stock, valued at approximately $775,000. Nasdaq comprises approximately 0.3% of CV Advisors LLC’s portfolio, making the stock its 20th biggest position.

Several other hedge funds also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its stake in Nasdaq by 2.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 27,931 shares of the financial services provider’s stock valued at $2,159,000 after buying an additional 703 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Nasdaq by 3.9% in the fourth quarter. Frank Rimerman Advisors LLC now owns 9,074 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 342 shares in the last quarter. Picton Mahoney Asset Management lifted its position in Nasdaq by 5.2% during the fourth quarter. Picton Mahoney Asset Management now owns 176,656 shares of the financial services provider’s stock worth $13,658,000 after buying an additional 8,750 shares in the last quarter. LBP AM SA lifted its position in Nasdaq by 257.6% during the fourth quarter. LBP AM SA now owns 474,587 shares of the financial services provider’s stock worth $36,690,000 after buying an additional 341,884 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in Nasdaq by 55.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 57,400 shares of the financial services provider’s stock worth $4,438,000 after acquiring an additional 20,400 shares during the last quarter. Institutional investors own 72.47% of the company’s stock.

Insiders Place Their Bets

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of Nasdaq stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $81.56, for a total value of $285,460.00. Following the sale, the executive vice president now directly owns 55,576 shares in the company, valued at approximately $4,532,778.56. The trade was a 5.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NDAQ shares. StockNews.com raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. William Blair initiated coverage on Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating on the stock. UBS Group boosted their target price on Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods upped their price target on Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, Barclays decreased their price objective on Nasdaq from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Performance

NASDAQ:NDAQ opened at $73.26 on Friday. Nasdaq, Inc. has a 12-month low of $57.96 and a 12-month high of $84.15. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $42.14 billion, a PE ratio of 38.16, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The firm has a 50-day moving average price of $79.30 and a 200 day moving average price of $77.29.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping 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%. Research analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.31%. Nasdaq’s payout ratio is presently 50.00%.

About Nasdaq

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.