Several other research analysts have also recently issued reports on IAC. Wells Fargo & Co restated a buy rating and issued a $185.00 price objective on shares of IAC/InterActiveCorp in a research note on Friday. Jefferies Group raised their price objective on IAC/InterActiveCorp to $180.00 and gave the stock a buy rating in a research note on Wednesday, March 7th. Aegis reiterated a buy rating and set a $200.00 price target (up from $165.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, February 27th. Cowen reiterated a buy rating and set a $180.00 price target on shares of IAC/InterActiveCorp in a research report on Friday, February 2nd. Finally, UBS Group lifted their price target on IAC/InterActiveCorp from $135.00 to $155.00 and gave the company a buy rating in a research report on Friday, November 10th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $162.86.
IAC/InterActiveCorp (NASDAQ IAC) opened at $160.81 on Friday. IAC/InterActiveCorp has a 12 month low of $72.00 and a 12 month high of $161.00. The stock has a market capitalization of $13,292.23, a PE ratio of 51.05, a PEG ratio of 4.93 and a beta of 1.31. The company has a quick ratio of 2.07, a current ratio of 2.66 and a debt-to-equity ratio of 0.67.
In other IAC/InterActiveCorp news, EVP Gregg Winiarski sold 62,253 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $127.19, for a total value of $7,917,959.07. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark J. Stein sold 26,887 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $126.68, for a total value of $3,406,045.16. The disclosure for this sale can be found here. 10.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of IAC. Cheyne Capital Management UK LLP acquired a new stake in IAC/InterActiveCorp in the third quarter valued at approximately $418,000. BlackRock Inc. boosted its stake in shares of IAC/InterActiveCorp by 19.7% in the fourth quarter. BlackRock Inc. now owns 3,886,476 shares of the company’s stock worth $475,239,000 after acquiring an additional 639,311 shares during the last quarter. Aristeia Capital LLC boosted its stake in shares of IAC/InterActiveCorp by 25.6% in the fourth quarter. Aristeia Capital LLC now owns 1,195,295 shares of the company’s stock worth $146,161,000 after acquiring an additional 243,327 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of IAC/InterActiveCorp by 8,881.9% in the third quarter. BNP Paribas Arbitrage SA now owns 235,774 shares of the company’s stock worth $27,722,000 after acquiring an additional 233,149 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of IAC/InterActiveCorp by 123.7% in the fourth quarter. Swiss National Bank now owns 272,900 shares of the company’s stock worth $33,370,000 after acquiring an additional 150,900 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors.
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IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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