CV Advisors LLC Makes New $775,000 Investment in Nasdaq, Inc. (NASDAQ:NDAQ)

CV Advisors LLC purchased a new stake in shares of Nasdaq, Inc. (NASDAQ:NDAQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,030 shares of the financial services provider’s stock, valued at approximately $775,000. Nasdaq makes up about 0.3% of CV Advisors LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Wellington Management Group LLP grew its stake in Nasdaq by 163.3% in the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after buying an additional 24,084,154 shares during the last quarter. Mizuho Securities USA LLC grew its stake in Nasdaq by 13,532.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock valued at $292,040,000 after buying an additional 3,970,658 shares during the last quarter. State Street Corp grew its stake in Nasdaq by 11.2% in the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after buying an additional 1,811,616 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Nasdaq in the 4th quarter valued at $110,867,000. Finally, Raymond James Financial Inc. acquired a new position in Nasdaq in the 4th quarter valued at $105,481,000. Institutional investors own 72.47% of the company’s stock.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Bryan Everard Smith sold 3,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $81.56, for a total transaction of $285,460.00. Following the completion of the transaction, the executive vice president now owns 55,576 shares of the company’s stock, valued at approximately $4,532,778.56. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of a number of research analyst reports. Citigroup raised their target price on shares of Nasdaq from $78.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods raised their price target on shares of Nasdaq from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. 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 report on Thursday, January 9th. UBS Group raised their price target on shares of Nasdaq from $79.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price target on shares of Nasdaq in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Nasdaq Stock Up 1.5 %

Nasdaq stock opened at $73.26 on Friday. The firm has a market cap of $42.14 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.12 and a beta of 0.96. Nasdaq, Inc. has a 52-week low of $57.96 and a 52-week high of $84.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 0.99. The firm has a 50 day moving average price of $79.30 and a two-hundred 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 (EPS) for the quarter, topping 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 predict that Nasdaq, Inc. will post 3.18 EPS for the current year.

Nasdaq Announces Dividend

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