Intercontinental Exchange (NYSE:ICE) Stock: Insider Elizabeth Kathryn King Sells 1,919 Shares

Intercontinental Exchange Inc. (NYSE:ICE) insider Elizabeth King sold 1,919 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $175.00, for a total value of $335,825.00. Following the sale, the insider owned 21,835 shares of the company’s stock, valued at approximately $3,821,125. The trade was a 8.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Intercontinental Exchange Price Performance

Shares of ICE traded down $1.73 during mid-day trading on Friday, reaching $172.28. The company had a trading volume of 2,685,083 shares, compared to its average volume of 3,772,203. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50-day moving average is $158.44 and its 200-day moving average is $154.63. The company has a market capitalization of $96.28 billion, a P/E ratio of 23.50, a P/E/G ratio of 1.54 and a beta of 0.84. Intercontinental Exchange Inc. has a twelve month low of $121.79 and a twelve month high of $177.94.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.05. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $2.74 billion. Intercontinental Exchange had a return on equity of 15.32% and a net margin of 29.62%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 earnings per share. On average, equities analysts anticipate that Intercontinental Exchange Inc. will post 8.21 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on ICE shares. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $163.00 to $173.00 and gave the company an “equal weight” rating in a report on Friday, October 9th. Wells Fargo & Company boosted their price target on Intercontinental Exchange from $160.00 to $167.00 and gave the stock an “underweight” rating in a research note on Friday, October 30th. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Keefe, Bruyette & Woods raised their target price on shares of Intercontinental Exchange from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, October 30th. Finally, Raymond James Financial dropped their target price on shares of Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating for the company in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $189.25.

Key Intercontinental Exchange News

Here are the key news stories impacting Intercontinental Exchange this week:

• Positive Sentiment: ICE is backing a U.S. perpetual-futures market built on Hyperliquid infrastructure, a potential expansion of its digital-asset offerings. ICE backs US perpetual futures market built on Hyperliquid infrastructure
• Positive Sentiment: Twenty-four ETFs added ICE shares on Nov. 3, suggesting added demand from fund portfolios. 24 ETFs Add to Intercontinental Exchange on Nov. 3
• Positive Sentiment: An analyst valuation assessment put ICE’s fair value slightly higher, while also considering growth prospects and risks. Intercontinental Exchange Stock Fair Value Edges Higher As Analysts Weigh Growth And Risks
• Neutral Sentiment: ICE recently reached a record high, reflecting strong share-price momentum, though the milestone itself does not establish a new fundamental catalyst. Intercontinental Exchange Reaches a Fresh All-Time High
• Neutral Sentiment: CFO Warren Gardiner is scheduled to present at the J.P. Morgan Ultimate Services Investor Conference on Nov. 17; no new financial guidance is noted. CFO Warren Gardiner to Present at Investor Conference
• Negative Sentiment: Apple, Amazon and Tesla reportedly oppose participation in an NYSE-parent-backed blockchain stock venue, raising questions about adoption of ICE’s tokenized-equities initiative. Can Companies Stop Their Shares From Being Tokenized?
• Negative Sentiment: Several ICE executives reported share sales totaling about $2.35 million, including President Benjamin Jackson and Chief Accounting Officer James Namkung. The sales may weigh on sentiment, although executives retained substantial holdings; insider sales alone do not establish a negative outlook. SEC insider transaction filing

Hedge Funds Weigh In On Intercontinental Exchange

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Intercontinental Exchange in the second quarter valued at $6,245,085,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Intercontinental Exchange during the 2nd quarter valued at $714,869,000. Flossbach Von Storch SE acquired a new position in shares of Intercontinental Exchange in the second quarter worth about $649,900,000. Bank of America Corp DE purchased a new stake in shares of Intercontinental Exchange during the second quarter worth $521,557,000. Finally, Jupiter Topco LLC acquired a new position in Intercontinental Exchange in the 2nd quarter valued at $474,012,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants.

Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.