Three Bridge Wealth Advisors LLC Takes Position in Intercontinental Exchange Inc. $ICE

Three Bridge Wealth Advisors LLC acquired a new position in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,875 shares of the financial services provider's stock, valued at approximately $344,000.Zillow’s Earnings Dip: An Opportunity for VisionariesSeveral other institutional investors and hedge funds have also made changes to their positions in the stock. Tsfg LLC raised its position in Intercontinental Exchange by 187.3% in the first quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 103 shares during the period. Rakuten Securities Inc. grew its stake in shares of Intercontinental Exchange by 595.8% during the first quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock worth $29,000 after purchasing an additional 143 shares in the last quarter. Activest Wealth Management grew its stake in shares of Intercontinental Exchange by 4,050.0% during the first quarter. Activest Wealth Management now owns 166 shares of the financial services provider's stock worth $29,000 after purchasing an additional 162 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Intercontinental Exchange during the first quarter worth $30,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of Intercontinental Exchange during the first quarter worth $31,000. 89.30% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and SellingIn other Intercontinental Exchange news, Director Duriya M. Farooqui sold 2,036 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $178.34, for a total value of $363,100.24. Following the completion of the sale, the director directly owned 14,299 shares of the company's stock, valued at $2,550,083.66. The trade was a 12.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Judith A. Sprieser sold 2,900 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $174.51, for a total transaction of $506,079.00. Following the completion of the sale, the director directly owned 18,169 shares of the company's stock, valued at approximately $3,170,672.19. This trade represents a 13.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 230,874 shares of company stock worth $42,187,714. Company insiders own 1.00% of the company's stock. Analyst Ratings ChangesHere’s Why Institutions Had Been Buying Martin Marietta StockA number of equities research analysts have recently commented on ICE shares. Morgan Stanley reduced their target price on shares of Intercontinental Exchange from $192.00 to $188.00 and set an "equal weight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Intercontinental Exchange from $195.00 to $203.00 and gave the stock an "overweight" rating in a report on Thursday, September 25th. Barclays raised their price objective on shares of Intercontinental Exchange from $206.00 to $212.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. UBS Group raised their target price on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Intercontinental Exchange in a research report on Saturday, September 27th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $198.20.View Our Latest Research Report on Intercontinental ExchangeIntercontinental Exchange Stock PerformanceTaylor Morrison: A Home Building Stock You Can Buy at a DiscountIntercontinental Exchange stock opened at $162.47 on Friday. The firm's fifty day moving average price is $176.53 and its 200 day moving average price is $174.68. The company has a market capitalization of $93.00 billion, a price-to-earnings ratio of 31.18, a price-to-earnings-growth ratio of 1.98 and a beta of 1.08. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, July 31st. The financial services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.04. Intercontinental Exchange had a net margin of 23.92% and a return on equity of 13.66%. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The company's revenue was up 9.8% on a year-over-year basis. On average, research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year. Intercontinental Exchange Profile (Free Report)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.Featured ArticlesFive stocks we like better than Intercontinental ExchangeThe 3 Best Retail Stocks to Shop for in AugustWhy the Precious Metal Nobody Talks About Could Be Your Best BetProcter & Gamble NYSE: PG Pulls Back After Shaky GuidanceCheap Chipotle? Why CMG Stock Could Be Ready for a ComebackUtilities Stocks Explained – How and Why to Invest in Utilities3 Industrial Stocks Ready to Benefit From Fed Cuts and SpendingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Intercontinental Exchange Right Now?Before you consider Intercontinental Exchange, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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