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. $17.23 million flowed into the stock on the tick-up and $49.80 million flowed out of the stock on the tick-down, for a money net flow of $32.57 million out of the stock. Of all equities tracked, IAC/InterActiveCorp had the 22nd highest net out-flow for the day. IAC/InterActiveCorp traded up $3.24 for the day and closed at $198.88

Several equities research analysts recently weighed in on IAC shares. Jefferies Financial Group upped their price target on IAC/InterActiveCorp to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Zacks Investment Research raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $239.00 price target on the stock in a research note on Wednesday, September 26th. BidaskClub cut IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 22nd. Guggenheim cut IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a research note on Friday, September 21st. They noted that the move was a valuation call. Finally, Credit Suisse Group upped their price target on IAC/InterActiveCorp from $183.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $211.75.

The company has a market capitalization of $16.28 billion, a P/E ratio of 258.29, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.61.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, August 8th. The company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $1.50. IAC/InterActiveCorp had a return on equity of 10.24% and a net margin of 13.09%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 38.0% on a year-over-year basis. As a group, analysts anticipate that IAC/InterActiveCorp will post 5.37 EPS for the current fiscal year.

In other news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $217.22, for a total value of $434,440.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.90% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of IAC/InterActiveCorp by 1.2% during the second quarter. Public Employees Retirement System of Ohio now owns 30,436 shares of the company’s stock valued at $4,641,000 after purchasing an additional 364 shares in the last quarter. Keybank National Association OH lifted its holdings in shares of IAC/InterActiveCorp by 11.7% during the second quarter. Keybank National Association OH now owns 5,740 shares of the company’s stock valued at $875,000 after purchasing an additional 599 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of IAC/InterActiveCorp by 12.5% during the second quarter. Metropolitan Life Insurance Co. NY now owns 5,870 shares of the company’s stock valued at $895,000 after purchasing an additional 653 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of IAC/InterActiveCorp by 18.6% during the third quarter. IFM Investors Pty Ltd now owns 4,228 shares of the company’s stock valued at $916,000 after purchasing an additional 664 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in shares of IAC/InterActiveCorp during the second quarter valued at $107,000. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

About IAC/InterActiveCorp (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.

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