IAC/InterActiveCorp (NASDAQ:IAC) had its price objective upped by Piper Jaffray Companies from $191.00 to $197.00 in a research report report published on Friday morning, Marketbeat reports. Piper Jaffray Companies currently has an overweight rating on the stock.
A number of other research firms have also weighed in on IAC. Wells Fargo & Co reissued a buy rating and issued a $168.00 target price on shares of IAC/InterActiveCorp in a research note on Thursday, February 8th. JPMorgan Chase & Co. started coverage on shares of IAC/InterActiveCorp in a research report on Friday, February 2nd. They set an overweight rating and a $175.00 price target on the stock. Cowen reaffirmed a buy rating and set a $180.00 price target on shares of IAC/InterActiveCorp in a research report on Friday, February 2nd. BidaskClub raised shares of IAC/InterActiveCorp from a buy rating to a strong-buy rating in a research report on Saturday, February 3rd. Finally, BMO Capital Markets lifted their price target 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. Two research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $153.50.
IAC/InterActiveCorp (NASDAQ:IAC) opened at $140.34 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a 12 month low of $72.00 and a 12 month high of $150.59. The firm has a market cap of $11,510.00, a P/E ratio of 39.64, a price-to-earnings-growth ratio of 4.24 and a beta of 1.38.
In other IAC/InterActiveCorp news, CEO Joseph Levin sold 78,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $128.83, for a total value of $10,113,155.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $127.19, for a total transaction of $7,917,959.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,929 shares of company stock valued at $22,516,569. Insiders own 11.30% of the company’s stock.
Several hedge funds have recently modified their holdings of IAC. Cheyne Capital Management UK LLP acquired a new position in shares of IAC/InterActiveCorp during the third quarter worth $418,000. BlackRock Inc. grew its stake in shares of IAC/InterActiveCorp by 19.7% during the fourth quarter. BlackRock Inc. now owns 3,886,476 shares of the company’s stock worth $475,239,000 after purchasing an additional 639,311 shares in the last quarter. Koch Industries Inc. grew its stake in shares of IAC/InterActiveCorp by 5,988.8% during the second quarter. Koch Industries Inc. now owns 325,020 shares of the company’s stock worth $322,000 after purchasing an additional 319,682 shares in the last quarter. Egerton Capital UK LLP acquired a new position in shares of IAC/InterActiveCorp during the third quarter worth $35,677,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of IAC/InterActiveCorp by 8,881.9% during the third quarter. BNP Paribas Arbitrage SA now owns 235,774 shares of the company’s stock worth $27,722,000 after purchasing an additional 233,149 shares in the last quarter. 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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