New World Advisors LLC Sells 685 Shares of Nasdaq, Inc. (NASDAQ:NDAQ)

New World Advisors LLC lessened its position in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,035 shares of the financial services provider’s stock after selling 685 shares during the quarter. New World Advisors LLC’s holdings in Nasdaq were worth $312,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in Nasdaq during the 3rd quarter valued at approximately $27,000. Founders Capital Management acquired a new position in Nasdaq during the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in Nasdaq during the 4th quarter valued at approximately $33,000. Raleigh Capital Management Inc. increased its stake in Nasdaq by 106.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 436 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 225 shares in the last quarter. Finally, Focused Wealth Management Inc acquired a new position in Nasdaq during the 3rd quarter valued at approximately $35,000. Institutional investors own 72.47% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

NDAQ has been the topic of a number of recent analyst reports. UBS Group upped their price target on shares of Nasdaq from $79.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $98.00 in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Saturday, December 14th. William Blair began coverage on shares of Nasdaq in a report on Monday, November 25th. They issued an “outperform” rating on the stock. Finally, Raymond James upped their price objective on shares of Nasdaq from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Performance

NDAQ opened at $81.07 on Monday. 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 company has a market cap of $46.60 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 2.12 and a beta of 0.99. Nasdaq, Inc. has a 52-week low of $55.51 and a 52-week high of $84.15. The firm’s fifty day simple moving average is $79.63 and its two-hundred day simple moving average is $76.55.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Nasdaq had a net margin of 15.10% and a return on equity of 14.82%. Equities analysts anticipate that Nasdaq, Inc. will post 3.18 earnings per share for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, March 14th. Nasdaq’s dividend payout ratio (DPR) is 50.00%.

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.