Wells Fargo & Co reiterated their buy rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research note published on Friday. Wells Fargo & Co currently has a $185.00 price objective on the stock.
A number of other analysts have also weighed in on IAC. Jefferies Group raised their target price on shares of IAC/InterActiveCorp to $180.00 and gave the company a buy rating in a research report on Wednesday, March 7th. Aegis restated a buy rating and issued a $200.00 target price (up previously from $165.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, February 27th. Cowen restated a buy rating and issued a $180.00 target price on shares of IAC/InterActiveCorp in a research report on Friday, February 2nd. UBS Group raised their target price on shares of IAC/InterActiveCorp from $135.00 to $155.00 and gave the company a buy rating in a research report on Friday, November 10th. Finally, BMO Capital Markets raised their target price on shares of IAC/InterActiveCorp from $160.00 to $172.00 and gave the company an outperform rating in a research report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. IAC/InterActiveCorp currently has an average rating of Buy and a consensus price target of $162.86.
IAC/InterActiveCorp (IAC) opened at $162.06 on Friday. The stock has a market cap of $13,292.23, a P/E ratio of 51.45, a P/E/G ratio of 4.93 and a beta of 1.31. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.66 and a quick ratio of 2.66. IAC/InterActiveCorp has a one year low of $72.00 and a one year high of $162.23.
In related news, EVP Gregg Winiarski sold 62,253 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.19, for a total value of $7,917,959.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark J. Stein sold 26,887 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $126.68, for a total transaction of $3,406,045.16. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in IAC. The Manufacturers Life Insurance Company increased its stake in IAC/InterActiveCorp by 16.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,626 shares of the company’s stock valued at $271,000 after purchasing an additional 370 shares in the last quarter. Aperio Group LLC increased its stake in IAC/InterActiveCorp by 1.7% in the third quarter. Aperio Group LLC now owns 27,037 shares of the company’s stock valued at $3,179,000 after purchasing an additional 456 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in IAC/InterActiveCorp in the third quarter valued at $212,000. Victory Capital Management Inc. bought a new stake in IAC/InterActiveCorp in the third quarter valued at $1,291,000. Finally, Old Mutual Global Investors UK Ltd. bought a new stake in IAC/InterActiveCorp in the third quarter valued at $877,000. Institutional investors and hedge funds own 87.58% of the company’s stock.
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IAC/InterActiveCorp Company Profile
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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