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

Traders sold shares of IAC/InterActiveCorp (NASDAQ:IAC) on strength during trading hours on Monday. $31.90 million flowed into the stock on the tick-up and $134.01 million flowed out of the stock on the tick-down, for a money net flow of $102.11 million out of the stock. Of all equities tracked, IAC/InterActiveCorp had the 18th highest net out-flow for the day. IAC/InterActiveCorp traded up $4.12 for the day and closed at $214.17

A number of equities research analysts recently issued reports on IAC shares. Goldman Sachs Group started coverage on IAC/InterActiveCorp in a research report on Monday, February 4th. They issued a “neutral” rating and a $226.00 price objective on the stock. Jefferies Financial Group increased their price objective on IAC/InterActiveCorp to $260.00 in a research report on Monday, February 11th. Bank of America lowered their price objective on IAC/InterActiveCorp from $240.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, January 8th. Macquarie began coverage on IAC/InterActiveCorp in a research report on Wednesday, November 28th. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. increased their target price on IAC/InterActiveCorp to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. IAC/InterActiveCorp presently has an average rating of “Buy” and a consensus price target of $235.54.

The company has a market cap of $17.60 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 2.28 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.13 and a quick ratio of 3.13.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Thursday, February 7th. The company reported $2.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $1.05. IAC/InterActiveCorp had a return on equity of 16.11% and a net margin of 14.71%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. Equities analysts anticipate that IAC/InterActiveCorp will post 4.5 earnings per share for the current fiscal year.

In other news, CFO Glenn Schiffman sold 1,000 shares of the firm’s stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $200.00, for a total transaction of $200,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David S. Rosenblatt sold 4,528 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $220.64, for a total value of $999,057.92. The disclosure for this sale can be found here. Insiders have sold 10,528 shares of company stock worth $2,222,948 over the last ninety days. Insiders own 10.90% of the company’s stock.

Large investors have recently made changes to their positions in the company. Toronto Dominion Bank grew its stake in shares of IAC/InterActiveCorp by 23.2% during the fourth quarter. Toronto Dominion Bank now owns 10,427 shares of the company’s stock valued at $1,908,000 after buying an additional 1,965 shares during the last quarter. Candriam Luxembourg S.C.A. bought a new stake in shares of IAC/InterActiveCorp in the third quarter worth about $4,696,000. Nordea Investment Management AB grew its stake in shares of IAC/InterActiveCorp by 29.0% in the third quarter. Nordea Investment Management AB now owns 3,014 shares of the company’s stock worth $653,000 after purchasing an additional 678 shares during the last quarter. Morgan Stanley grew its stake in shares of IAC/InterActiveCorp by 153.4% in the third quarter. Morgan Stanley now owns 1,471,397 shares of the company’s stock worth $318,880,000 after purchasing an additional 890,730 shares during the last quarter. Finally, Westpac Banking Corp grew its stake in shares of IAC/InterActiveCorp by 51.0% in the fourth quarter. Westpac Banking Corp now owns 12,652 shares of the company’s stock worth $2,316,000 after purchasing an additional 4,272 shares during the last quarter. 88.63% of the stock is currently owned by hedge funds and other institutional investors.

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IAC/InterActiveCorp Company Profile (NASDAQ:IAC)

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

Further Reading: Technical Analysis

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