Tema ETFs LLC Has $1.21 Million Holdings in Intercontinental Exchange Inc. $ICE

Tema ETFs LLC trimmed its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 36.9% during the second quarter, Holdings Channel.com reports. The firm owned 9,792 shares of the financial services provider’s stock after selling 5,720 shares during the period. Tema ETFs LLC’s holdings in Intercontinental Exchange were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ICE. Vanguard Group Inc. increased its holdings in shares of Intercontinental Exchange by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider’s stock valued at $8,770,647,000 after purchasing an additional 413,639 shares in the last quarter. J. Stern & Co. LLP lifted its holdings in Intercontinental Exchange by 17,398.1% during the 4th quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider’s stock worth $8,763,214,000 after buying an additional 53,798,055 shares in the last quarter. State Street Corp boosted its position in Intercontinental Exchange by 3.4% in the 4th quarter. State Street Corp now owns 25,653,952 shares of the financial services provider’s stock valued at $4,154,914,000 after buying an additional 837,208 shares during the last quarter. Morgan Stanley boosted its position in Intercontinental Exchange by 1.0% in the 4th quarter. Morgan Stanley now owns 15,875,593 shares of the financial services provider’s stock valued at $2,571,212,000 after buying an additional 158,450 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $1,418,228,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $155.34 on Friday. Intercontinental Exchange Inc. has a 12-month low of $121.79 and a 12-month high of $183.13. The firm has a market capitalization of $87.21 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.49 and a beta of 0.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average of $140.32 and a 200-day moving average of $152.25.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $2.63 billion. Intercontinental Exchange had a return on equity of 14.95% and a net margin of 30.08%.The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.81 EPS. On average, equities research analysts forecast that Intercontinental Exchange Inc. will post 8.08 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Andrew J. Surdykowski sold 4,573 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $151.56, for a total value of $693,083.88. Following the completion of the transaction, the general counsel directly owned 45,473 shares in the company, valued at approximately $6,891,887.88. The trade was a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Douglas Foley sold 7,300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $148.88, for a total transaction of $1,086,824.00. Following the sale, the senior vice president owned 19,063 shares in the company, valued at $2,838,099.44. This trade represents a 27.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 16,454 shares of company stock valued at $2,469,349. 0.84% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ICE shares. Raymond James Financial set a $208.00 price target on Intercontinental Exchange in a research note on Monday, July 6th. UBS Group reiterated a “buy” rating and issued a $195.00 price objective (up from $190.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Rothschild & Co Redburn set a $177.00 price objective on Intercontinental Exchange in a report on Thursday, June 11th. Barclays restated an “overweight” rating and set a $182.00 target price (up from $180.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Finally, Morgan Stanley reduced their target price on shares of Intercontinental Exchange from $187.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $183.33.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.