Nasdaq, Inc. (NASDAQ:NDAQ) Shares Acquired by Waterfront Wealth Inc.

Waterfront Wealth Inc. increased its holdings in shares of Nasdaq, Inc. (NASDAQ:NDAQ) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,702 shares of the financial services provider’s stock after purchasing an additional 415 shares during the quarter. Waterfront Wealth Inc.’s holdings in Nasdaq were worth $797,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of Nasdaq by 0.7% during the 1st quarter. BlackRock Inc. now owns 26,870,823 shares of the financial services provider’s stock worth $1,469,028,000 after purchasing an additional 196,739 shares during the period. Vanguard Group Inc. grew its position in Nasdaq by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 12,756,255 shares of the financial services provider’s stock valued at $2,273,164,000 after acquiring an additional 126,348 shares in the last quarter. Geode Capital Management LLC increased its stake in Nasdaq by 1.6% during the first quarter. Geode Capital Management LLC now owns 7,735,673 shares of the financial services provider’s stock worth $422,030,000 after purchasing an additional 125,136 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Nasdaq by 214.0% during the third quarter. The Manufacturers Life Insurance Company now owns 6,281,617 shares of the financial services provider’s stock worth $305,224,000 after purchasing an additional 4,280,846 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Nasdaq by 16.6% in the third quarter. Ameriprise Financial Inc. now owns 4,787,784 shares of the financial services provider’s stock valued at $232,564,000 after purchasing an additional 681,238 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total transaction of $1,798,000,000.00. Following the completion of the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder Dubai Ltd Borse sold 31,000,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $58.00, for a total value of $1,798,000,000.00. Following the sale, the insider now owns 58,341,545 shares of the company’s stock, valued at approximately $3,383,809,610. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan Everard Smith sold 7,400 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.91, for a total transaction of $465,534.00. Following the completion of the sale, the executive vice president now owns 61,672 shares in the company, valued at approximately $3,879,785.52. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

Nasdaq Stock Up 0.5 %

NASDAQ NDAQ traded up $0.32 during mid-day trading on Thursday, reaching $60.33. 199,059 shares of the company’s stock traded hands, compared to its average volume of 3,100,960. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. Nasdaq, Inc. has a 1-year low of $46.88 and a 1-year high of $64.25. The company has a fifty day simple moving average of $59.30 and a 200-day simple moving average of $55.93. The company has a market cap of $34.70 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 2.73 and a beta of 0.93.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Nasdaq had a net margin of 17.48% and a return on equity of 19.28%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. As a group, equities research analysts expect that Nasdaq, Inc. will post 2.75 EPS for the current year.

Nasdaq Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.46%. Nasdaq’s dividend payout ratio (DPR) is 41.71%.

Analysts Set New Price Targets

Several equities analysts have commented on NDAQ shares. Oppenheimer raised their price target on shares of Nasdaq from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Citigroup boosted their price target on shares of Nasdaq from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. StockNews.com upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. UBS Group upped their price objective on shares of Nasdaq from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, Morgan Stanley upgraded shares of Nasdaq from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $59.00 to $80.00 in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.09.

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.