BlackRock Fund Advisors has recently announced that it has increased stake in Nasdaq Inc (NASDAQ:NDAQ) by 0.80%. After grabbing 18.88 million shares, the institutional investor is now in possession of 0.15 million shares of the Financial Company. The new investment brought the stake of investor firm to 3.27% having worth around $1.05 billion. Moreover, Franklin Advisers, Inc. increased its share by 2.0 million to have a control over 8.45 million shares. And Geode Capital Management LLC raised its holdings to 0.17 million shares by acquiring 8.1 million shares or 1.40% of the stake.
Nasdaq Inc (NDAQ) concluded trading on 01/10/24 at a closing price of $56.89, with 2.78 million shares of worth about $158.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.78% during that period and on Wednesday the price saw a gain of about 0.92%. Currently the company’s common shares owned by public are about 491.59M shares, out of which, 340.05M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 17 analysts are covering the NDAQ stock and their offered price forecasts bring an average price target of $61.43. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $82.00 and could fall to a lowest price of $50.00. The stock’s current price level is 7.39% above of average price target set by the analysts, while a rise to estimated low would result in loss of -13.78% for the stock. However, touching the estimated high of $82.00 would mean a gain of 30.62% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 62 times over the past 12 months. They bought 1,057,782 shares in 33 of the transactions. In 29 selling transactions, insiders dumped 518,831 shares.
MFS Value Fund, Vanguard Total Stock Market ETF, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Nasdaq Inc MFS Value Fund is currently holding 14.97 million shares of worth totaling $835.79 million. The company recently came selling -0.17 million shares which brought its stake up to 2.59% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 15336.0 shares, after which its hold over company’s outstanding shares expand to 2.13%, leaving 12.31 million shares with the mutual fund that have a worth of about $687.45 million. Vanguard Mid Cap Index Fund, after buying 8.92 million shares, have now control over 1.55% of the stake in the company. It holds 20909.0 shares of worth $498.33 million.
Nasdaq Inc (NASDAQ: NDAQ) started trading at $56.48, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 56.93, or with a gain of 0.92%. Stock saw a price change of 1.61% in past 5 days and over the past one month there was a price change of 5.41%. Year-to-date (YTD), NDAQ shares are showing a performance of -2.15% which decreased to -9.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $46.88 but also hit the highest price of $63.90 during that period. The average intraday trading volume for Nasdaq Inc shares is 2.46 million. The stock is currently trading 1.16% above its 20-day simple moving average (SMA20), while that difference is up 4.75% for SMA50 and it goes to 8.03% higher than SMA200.
BlackRock Fund Advisors acquired 18.88 million shares of Nasdaq Inc having value of about $1.05 billion. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.15 million shares in the company valued at close to $8498512.65, or have control over 0.80% stake in the company. Nasdaq Inc (NASDAQ: NDAQ) currently have 491.59M outstanding shares and institutions hold larger chunk of about 54.04% of that. Holding of mutual funds in the company is about 25.22% while other institutional holders and individual stake holders have control over 30.93% and 23.66% of the stake respectively.
The stock has a current market capitalization of $32.82B and its 3Y-monthly beta is at 0.95. PE ratio of stock for trailing 12 months is 25.50, while it has posted earnings per share of $2.23 in the same period. Its PEG reads 6.17 while making debt-to-equity ratio of 1.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NDAQ, volatility over the week remained 1.23% while standing at 1.62% over the month.
Analysts are in expectations that Nasdaq Inc (NDAQ) stock would likely to be making an EPS of $Compass Digital Acquisition Cor in the current quarter, while forecast for next quarter EPS is $10.79 and it is $Stocks for next year. Stock’s fiscal year EPS is expected to rise by 4.23% while it is estimated to increase by 0.41% in next year. EPS is likely to shrink at an annualized rate of 4.13% for next 5-years, compared to annual growth of 9.54% made by the stock over the past 5-years.
Analysts at 17 brokerage firms have issued recommendations for the Nasdaq Inc (NDAQ)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.41. Out of those 17 Wall Street analysts, 5 recommended a “Buy” rating, while 10 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on December 01, 2023 offering a Neutral rating for the stock and assigned a target price of $58 to it.
