Nasdaq, Inc.

(NASDAQ Global Select)
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Bullish +55

Nasdaq, Inc. $NDAQ Stock Position Raised by HighTower Advisors LLC - MarketBeat

AI-generated analysis

πŸ“ˆ HighTower Advisors LLC increased its Nasdaq stake by 16.4% in Q4, adding 43,261 shares to a total of 307,185.

πŸ’° Nasdaq beat Q1 earnings estimates with $0.96 EPS versus the $0.93 consensus and revenue of $2.14 billion.

πŸ“ˆ Revenue grew 13.7% year over year, significantly exceeding analyst forecasts of $1.42 billion.

πŸ’΅ The company raised its quarterly dividend to $0.31 per share from $0.27.

🎯 Analyst consensus rating is Moderate Buy with a target price of $107.15.

🏦 Major banks like Barclays and Morgan Stanley maintain overweight ratings on the stock.

πŸ“‰ CEO Adena Friedman sold 113,611 shares in April under a Rule 10b5-1 trading plan.

πŸ“Š Institutional investors own 72.47% of the company's outstanding stock.

Bullish Signals
  • Nasdaq exceeded Q1 earnings expectations with $0.96 EPS compared to the $0.93 analyst consensus.
  • Revenue of $2.14 billion was well above forecasts and grew 13.7% year over year.
  • The company increased its quarterly dividend to $0.31 per share, raising the annualized yield to 1.4%.
  • Major analysts including Barclays, Morgan Stanley, and JPMorgan Chase have issued overweight ratings.
  • HighTower Advisors LLC significantly increased its position by 16.4% in Q4.
Risk Factors
  • CEO Adena Friedman sold 113,611 shares worth approximately $9.7 million in April under a pre-arranged trading plan.
  • Other corporate insiders, including SVP Michelle Lynn Daly, also reduced their shareholdings during the quarter.
Full Analysis
HighTower Advisors LLC increased its stake in Nasdaq, Inc. (NDAQ) by 16.4% during the fourth quarter, adding 43,261 shares to a total holding of 307,185 shares valued at approximately $29.8 million. This move aligns with broader institutional interest, as other firms like Westside Investment Management Inc. also raised their positions significantly in recent quarters. Nasdaq reported strong financial results for the first quarter, beating earnings expectations with $0.96 per share compared to a consensus of $0.93. Revenue reached $2.14 billion, surpassing forecasts and growing 13.7% year over year. The company also announced an increase in its quarterly dividend to $0.31 per share from the previous $0.27. Analyst sentiment remains positive with a consensus rating of Moderate Buy and a target price of $107.15. Major institutions like Barclays, Morgan Stanley, and JPMorgan Chase have issued overweight ratings or raised price targets. However, CEO Adena Friedman recently sold over 113,000 shares under a pre-arranged trading plan, while other insiders also reduced their holdings.