Investors Sell Shares of IAC/InterActiveCorp (IAC) on Strength (IAC)

Investors sold shares of IAC/InterActiveCorp (NASDAQ:IAC) on strength during trading on Tuesday. $29.41 million flowed into the stock on the tick-up and $63.33 million flowed out of the stock on the tick-down, for a money net flow of $33.92 million out of the stock. Of all companies tracked, IAC/InterActiveCorp had the 0th highest net out-flow for the day. IAC/InterActiveCorp traded up $3.41 for the day and closed at $143.75

IAC has been the topic of several research reports. BidaskClub upgraded shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Wells Fargo & Co restated an “outperform” rating and set a $168.00 price objective (up previously from $150.00) on shares of IAC/InterActiveCorp in a research report on Monday, January 8th. Zacks Investment Research cut shares of IAC/InterActiveCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 19th. Barclays restated a “buy” rating and set a $176.00 price objective on shares of IAC/InterActiveCorp in a research report on Sunday. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $197.00 price objective (up previously from $191.00) on shares of IAC/InterActiveCorp in a research report on Monday, February 5th. Three investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $153.18.

The company has a market capitalization of $11,785.20, a PE ratio of 179.69, a P/E/G ratio of 4.41 and a beta of 1.38. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.

In other IAC/InterActiveCorp news, Director David S. Rosenblatt sold 6,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $133.00, for a total value of $798,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Edgar Bronfman, Jr. sold 2,289 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $122.94, for a total transaction of $281,409.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,929 shares of company stock worth $22,516,569. 10.60% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in IAC. Cheyne Capital Management UK LLP purchased a new position in shares of IAC/InterActiveCorp in the third quarter valued at about $418,000. BlackRock Inc. increased its position 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 valued at $475,239,000 after acquiring an additional 639,311 shares during the period. Koch Industries Inc. increased its position in shares of IAC/InterActiveCorp by 5,988.8% in the second quarter. Koch Industries Inc. now owns 325,020 shares of the company’s stock valued at $322,000 after acquiring an additional 319,682 shares during the period. Egerton Capital UK LLP purchased a new position in shares of IAC/InterActiveCorp in the third quarter valued at about $35,677,000. Finally, Aristeia Capital LLC increased its position 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 valued at $146,161,000 after acquiring an additional 243,327 shares during the period. Hedge funds and other institutional investors own 85.60% 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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