IAC/InterActiveCorp (NASDAQ:IAC) SVP Michael H. Schwerdtman sold 6,676 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $255.55, for a total transaction of $1,706,051.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of IAC/InterActiveCorp stock opened at $245.00 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.12 and a quick ratio of 3.12. The firm has a market cap of $20.08 billion, a P/E ratio of 43.83, a P/E/G ratio of 3.49 and a beta of 0.96. The firm has a 50 day simple moving average of $236.15 and a 200 day simple moving average of $223.83. IAC/InterActiveCorp has a fifty-two week low of $158.29 and a fifty-two week high of $268.72.
IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, August 7th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.27. IAC/InterActiveCorp had a net margin of 11.99% and a return on equity of 12.76%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business earned $2.32 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts expect that IAC/InterActiveCorp will post 4.57 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in IAC/InterActiveCorp by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 732,502 shares of the company’s stock worth $133,985,000 after acquiring an additional 41,411 shares during the period. Landsberg Bennett & Dubbaneh LLC acquired a new stake in IAC/InterActiveCorp during the 1st quarter worth approximately $289,000. Tower View Investment Management & Research LLC lifted its position in IAC/InterActiveCorp by 53.1% during the 1st quarter. Tower View Investment Management & Research LLC now owns 4,915 shares of the company’s stock worth $1,033,000 after acquiring an additional 1,704 shares during the period. Meeder Asset Management Inc. lifted its position in IAC/InterActiveCorp by 249.0% during the 1st quarter. Meeder Asset Management Inc. now owns 527 shares of the company’s stock worth $111,000 after acquiring an additional 376 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in IAC/InterActiveCorp by 1.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 13,800 shares of the company’s stock worth $2,900,000 after acquiring an additional 200 shares during the period. 90.41% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on IAC. Zacks Investment Research lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Co reaffirmed a “buy” rating on shares of IAC/InterActiveCorp in a report on Friday, August 9th. UBS Group raised their price objective on shares of IAC/InterActiveCorp from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, May 10th. JPMorgan Chase & Co. raised their price target on shares of IAC/InterActiveCorp from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Finally, Guggenheim raised shares of IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and a consensus target price of $287.37.
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.
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