Harris Associates L P 13F: Cuts Nasdaq (NDAQ) Stake by $55M

Harris Associates L P has reduced its stake in Nasdaq, Inc. (NasdaqGS: NDAQ) by 611,506 shares, a 7.09% decrease, according to its latest Form 13F filing with the SEC. This adjustment leaves the fund with 8,010,183 shares, valued at approximately $729.2 million as of the reporting period.

What Changed in Harris Associates' Nasdaq, Inc. Position

Harris Associates trimmed its holdings in Nasdaq, Inc. from 8,621,689 shares to 8,010,183 shares, reflecting a reduction of 611,506 shares, or 7.09%. This move was reported in the latest 13F filing, which provides a snapshot of the fund's holdings as of the filing period.

Other Institutional Activity in Nasdaq, Inc.

Several other institutional investors have also adjusted their positions in Nasdaq, Inc. Investor AB increased its holdings by 200,000 shares, bringing its total to 58,382,426 shares valued at about $4.93 billion. Meanwhile, BlackRock, Inc. reduced its stake by 1,334,033 shares, leaving it with 38,169,782 shares worth approximately $3.24 billion. Wellington Management Group LLP also cut its position by 1,380,846 shares, now holding 36,278,978 shares valued at around $3.08 billion. Massachusetts Financial Services Co /MA/ added 1,432,672 shares, ending with 29,060,439 shares valued at roughly $2.47 billion.

Nasdaq, Inc. Stock Down 4.5%

Shares of Nasdaq, Inc. (NasdaqGS: NDAQ) are trading near $91.04. The company has a market capitalization of approximately $51.5 billion and a P/E ratio of 27.42. The stock has seen a 52-week low of $77.09 and a high of $101.79. Its 50-day moving average is $89.06, and the 200-day moving average is $89.80. Nasdaq, Inc. also maintains a current ratio of 0.996 and a debt-to-equity ratio of 79.06.

Recent Earnings

Nasdaq, Inc. reported revenues of about $5.42 billion with a revenue growth rate of 13.7%. The company's net margin stands at 35.28%, and its return on equity is 16.2%. Earnings per share are reported at $3.32. The next earnings report is scheduled for July 23, 2026.

Dividend

Nasdaq, Inc. pays an annual dividend rate of $1.12, yielding 1.23%. The dividend payout ratio is 32.53%.

Insider Buying and Selling at Nasdaq, Inc.

Recent insider activity at Nasdaq, Inc. includes several transactions. On June 11, 2026, Investor AB bought 56,782 shares at $85.98 each. On the same day, Bryan Everard Smith, EVP and CPO, sold 3,000 shares at an average price of $86.91 under a Rule 10b5-1 plan. Other insiders, including Johan Torgeby and Essa Kazim, sold smaller amounts of shares at around $86.72.

Analysts Set New Price Targets

On April 24, 2026, Keefe, Bruyette & Woods maintained a 'hold' rating with a $97 price target. Earlier, on April 13, 2026, Barclays maintained a 'buy' rating with a $114 target. The consensus among 15 analysts is a 'buy' recommendation, with a mean target price of $106.53.

About Nasdaq, Inc.

Nasdaq, Inc., headquartered in New York, operates as a technology company serving capital markets worldwide. It provides a range of services, including market data, investor relations, and trading platforms. The company is divided into segments such as Capital Access Platforms, Financial Technology, and Market Services. Nasdaq also offers solutions for compliance, risk management, and financial fraud detection. Led by CEO Adena T. Friedman, Nasdaq employs over 9,600 people.

Bottom Line

Harris Associates' reduction in its Nasdaq, Inc. position is part of a broader trend among institutional investors adjusting their stakes. Investors keep a close watch on such filings to gauge fund sentiment and potential market impacts. It's important to remember that 13F filings reflect past positions and may not indicate current holdings.