IAC/InterActiveCorp (NASDAQ:IAC) had its target price boosted by Jefferies Group to $180.00 in a report published on Wednesday morning, The Fly reports. They currently have a buy rating on the stock. Jefferies Group also issued estimates for IAC/InterActiveCorp’s Q4 2018 earnings at $1.53 EPS, FY2018 earnings at $4.14 EPS and FY2019 earnings at $6.51 EPS.
IAC has been the topic of several other research reports. Needham & Company LLC boosted their price target on IAC/InterActiveCorp from $130.00 to $150.00 and gave the stock a buy rating in a research report on Friday, November 10th. Zacks Investment Research raised IAC/InterActiveCorp from a strong sell rating to a hold rating in a research report on Wednesday, January 10th. ValuEngine lowered IAC/InterActiveCorp from a hold rating to a sell rating in a research report on Friday, December 1st. Credit Suisse Group reaffirmed a buy rating and set a $151.00 price target on shares of IAC/InterActiveCorp in a research report on Tuesday, January 9th. Finally, Wells Fargo & Co reiterated a buy rating and set a $168.00 target price on shares of IAC/InterActiveCorp in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $162.86.
IAC/InterActiveCorp (NASDAQ IAC) traded up $3.41 during trading hours on Wednesday, hitting $160.81. The company’s stock had a trading volume of 590,255 shares, compared to its average volume of 790,592. The firm has a market cap of $13,292.23, a price-to-earnings ratio of 201.01, a price-to-earnings-growth ratio of 4.93 and a beta of 1.31. IAC/InterActiveCorp has a 52-week low of $72.00 and a 52-week high of $161.00. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.66 and a quick ratio of 2.07.
In related news, EVP Mark J. Stein sold 26,887 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $126.68, for a total value of $3,406,045.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders own 10.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cheyne Capital Management UK LLP bought a new stake in IAC/InterActiveCorp in the 3rd quarter valued at $418,000. BlackRock Inc. lifted its position in shares of IAC/InterActiveCorp by 19.7% during the 4th 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. Boston Partners lifted its position in shares of IAC/InterActiveCorp by 0.8% during the 3rd quarter. Boston Partners now owns 3,074,055 shares of the company’s stock valued at $361,448,000 after acquiring an additional 23,366 shares during the period. Aristeia Capital LLC lifted its position in shares of IAC/InterActiveCorp by 25.6% during the 4th 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. Finally, Geode Capital Management LLC lifted its position in shares of IAC/InterActiveCorp by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 648,371 shares of the company’s stock valued at $79,233,000 after acquiring an additional 40,220 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.
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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