Intercontinental Exchange Inc. (NYSE:ICE – Get Free Report) SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $160.00, for a total value of $256,000.00. Following the transaction, the senior vice president owned 17,463 shares in the company, valued at $2,794,080. The trade was a 8.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Douglas Foley also recently made the following trade(s):
- On Wednesday, August 5th, Douglas Foley sold 7,300 shares of Intercontinental Exchange stock. The shares were sold at an average price of $148.88, for a total value of $1,086,824.00.
Intercontinental Exchange Trading Up 1.0%
NYSE:ICE opened at $162.89 on Tuesday. Intercontinental Exchange Inc. has a 1 year low of $121.79 and a 1 year high of $181.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a fifty day moving average price of $142.80 and a two-hundred day moving average price of $151.54. The stock has a market capitalization of $91.45 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.57 and a beta of 0.92.
Institutional Trading of Intercontinental Exchange
A number of institutional investors and hedge funds have recently made changes to their positions in ICE. Ares Financial Consulting LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. purchased a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $26,000. Brooklands Fund Management Ltd acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth $28,000. Swiss RE Ltd. purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Intercontinental Exchange during the 4th quarter valued at $30,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. The Goldman Sachs Group reduced their price objective on Intercontinental Exchange from $208.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. TD Cowen reiterated a “buy” rating and issued a $177.00 price objective (up from $159.00) on shares of Intercontinental Exchange in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $178.00 target price on shares of Intercontinental Exchange in a report on Friday, July 31st. Rothschild & Co Redburn set a $177.00 price target on shares of Intercontinental Exchange in a report on Thursday, June 11th. Finally, Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $183.33.
Read Our Latest Stock Report on ICE
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.
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