Lido Advisors LLC Has $19.31 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

Lido Advisors LLC decreased its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 19.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 122,776 shares of the financial services provider’s stock after selling 30,482 shares during the period. Lido Advisors LLC’s holdings in Intercontinental Exchange were worth $19,310,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ares Financial Consulting LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth $25,000. Steph & Co. grew its position in Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 89 shares during the last quarter. Brooklands Fund Management Ltd bought a new position in Intercontinental Exchange in the fourth quarter valued at about $28,000. Swiss RE Ltd. acquired a new position in Intercontinental Exchange during the fourth quarter worth about $28,000. Finally, Dorato Capital Management acquired a new position in Intercontinental Exchange during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research analyst reports. Piper Sandler reduced their price target on shares of Intercontinental Exchange from $211.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods initiated coverage on shares of Intercontinental Exchange in a research report on Wednesday, April 8th. They set an “outperform” rating and a $190.00 price objective for the company. Barclays dropped their price objective on shares of Intercontinental Exchange from $201.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. TD Cowen cut their target price on shares of Intercontinental Exchange from $193.00 to $153.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Finally, Raymond James Financial set a $208.00 target price on shares of Intercontinental Exchange in a research note on Monday, July 6th. One research 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 stock. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $181.58.

Insider Activity

In other Intercontinental Exchange news, Director William Jefferson Hague sold 1,333 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $139.46, for a total transaction of $185,900.18. Following the sale, the director directly owned 20,132 shares of the company’s stock, valued at $2,807,608.72. The trade was a 6.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Warren Gardiner sold 2,490 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $156.64, for a total transaction of $390,033.60. Following the completion of the transaction, the chief financial officer owned 25,189 shares of the company’s stock, valued at approximately $3,945,604.96. This trade represents a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 13,425 shares of company stock worth $2,046,324. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $143.19 on Friday. The firm has a market capitalization of $80.98 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.48 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $139.67 and its 200-day moving average price is $154.14. Intercontinental Exchange Inc. has a 12 month low of $121.79 and a 12 month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.12. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a return on equity of 14.99% and a net margin of 30.06%.The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 earnings per share. Equities research analysts forecast that Intercontinental Exchange Inc. will post 8.01 EPS for the current year.

Intercontinental Exchange Profile

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.