Soros Capital Management LLC Purchases 101,030 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Soros Capital Management LLC grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 516.7% during the third quarter, Holdings Channel reports. The firm owned 120,583 shares of the financial services provider’s stock after acquiring an additional 101,030 shares during the quarter. Intercontinental Exchange makes up approximately 4.7% of Soros Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Soros Capital Management LLC’s holdings in Intercontinental Exchange were worth $19,370,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. New Millennium Group LLC acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at $25,000. Fairscale Capital LLC acquired a new stake in shares of Intercontinental Exchange in the second quarter valued at $25,000. Wolff Wiese Magana LLC raised its stake in shares of Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at $26,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $160.49 on Wednesday. The stock’s 50-day moving average is $160.55 and its two-hundred day moving average is $151.52. The firm has a market cap of $92.15 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.64 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1 year low of $111.82 and a 1 year high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 earnings per share. Analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ICE. TD Cowen began coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They issued a “buy” rating and a $182.00 price objective on the stock. The Goldman Sachs Group increased their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Barclays dropped their target price on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Finally, Piper Sandler increased their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $174.13.

Insider Buying and Selling

In related news, CFO Warren Gardiner sold 750 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the transaction, the chief financial officer now owns 16,576 shares of the company’s stock, valued at $2,675,863.68. This trade represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now owns 44,865 shares of the company’s stock, valued at approximately $7,159,108.05. The trade was a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,868 shares of company stock valued at $622,079 over the last quarter. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.