IAC/InterActiveCorp (NASDAQ:IAC) has been assigned an average recommendation of “Buy” from the twenty-four research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $166.00.
IAC has been the topic of a number of research reports. Guggenheim reaffirmed a “buy” rating and issued a $185.00 price objective on shares of IAC/InterActiveCorp in a report on Wednesday. Credit Suisse Group downgraded shares of IAC/InterActiveCorp to a “hold” rating and set a $171.00 price objective for the company. in a research report on Friday, March 9th. Wells Fargo reiterated a “buy” rating and issued a $185.00 price objective on shares of IAC/InterActiveCorp in a research report on Friday, March 9th. Jefferies Group upped their price objective on shares of IAC/InterActiveCorp to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Finally, Aegis reiterated a “buy” rating and issued a $200.00 price objective (up previously from $165.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, February 27th.
Shares of IAC/InterActiveCorp stock traded up $0.12 during trading on Friday, hitting $158.42. 799,269 shares of the stock traded hands, compared to its average volume of 743,929. The firm has a market capitalization of $13,094.68, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 4.83 and a beta of 1.31. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.66 and a current ratio of 2.66. IAC/InterActiveCorp has a twelve month low of $72.33 and a twelve month high of $166.64.
In other news, EVP Gregg Winiarski sold 62,253 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.60% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of IAC. BlackRock Inc. grew its holdings in IAC/InterActiveCorp by 19.7% during the fourth quarter. BlackRock Inc. now owns 3,886,476 shares of the company’s stock valued at $475,239,000 after purchasing an additional 639,311 shares during the last quarter. Aristeia Capital LLC raised its holdings in shares of IAC/InterActiveCorp by 25.6% during the fourth quarter. Aristeia Capital LLC now owns 1,195,295 shares of the company’s stock worth $146,161,000 after purchasing an additional 243,327 shares during the period. Swiss National Bank raised its holdings in shares of IAC/InterActiveCorp by 123.7% during the fourth quarter. Swiss National Bank now owns 272,900 shares of the company’s stock worth $33,370,000 after purchasing an additional 150,900 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of IAC/InterActiveCorp by 207.5% during the fourth quarter. UBS Asset Management Americas Inc. now owns 205,356 shares of the company’s stock worth $25,111,000 after purchasing an additional 138,564 shares during the period. Finally, Cheyne Capital Management UK LLP raised its holdings in shares of IAC/InterActiveCorp by 346.2% during the fourth quarter. Cheyne Capital Management UK LLP now owns 158,592 shares of the company’s stock worth $19,389,000 after purchasing an additional 123,050 shares during the period. 86.86% of the stock is owned by hedge funds and other 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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