Insider Selling: IAC/InterActiveCorp (IAC) Director Sells 6,000 Shares of Stock
IAC/InterActiveCorp (NASDAQ:IAC) Director David S. Rosenblatt sold 6,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $133.00, for a total value of $798,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
IAC/InterActiveCorp (NASDAQ:IAC) traded down $6.30 during trading on Wednesday, hitting $127.64. The company had a trading volume of 1,297,900 shares, compared to its average volume of 754,039. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07. IAC/InterActiveCorp has a 12-month low of $64.50 and a 12-month high of $137.86. The firm has a market capitalization of $11,127.69, a P/E ratio of 108.58, a price-to-earnings-growth ratio of 29.89 and a beta of 1.12.
IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The firm had revenue of $828.40 million for the quarter, compared to analyst estimates of $810.36 million. During the same period last year, the firm earned $0.73 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. analysts expect that IAC/InterActiveCorp will post 0.55 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in IAC. Aperio Group LLC lifted its holdings in IAC/InterActiveCorp by 22.6% in the second quarter. Aperio Group LLC now owns 26,581 shares of the company’s stock valued at $2,744,000 after acquiring an additional 4,898 shares during the period. US Bancorp DE lifted its holdings in IAC/InterActiveCorp by 0.6% in the second quarter. US Bancorp DE now owns 5,261 shares of the company’s stock valued at $543,000 after acquiring an additional 30 shares during the period. Reliance Trust Co. of Delaware acquired a new position in IAC/InterActiveCorp in the second quarter valued at approximately $202,000. Great West Life Assurance Co. Can lifted its holdings in IAC/InterActiveCorp by 0.9% in the second quarter. Great West Life Assurance Co. Can now owns 23,180 shares of the company’s stock valued at $2,389,000 after acquiring an additional 203 shares during the period. Finally, First Manhattan Co. lifted its holdings in IAC/InterActiveCorp by 11,770.5% in the second quarter. First Manhattan Co. now owns 563,850 shares of the company’s stock valued at $58,211,000 after acquiring an additional 559,100 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on IAC shares. TheStreet upgraded IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research note on Thursday, August 3rd. Needham & Company LLC restated a “buy” rating and set a $130.00 price target (up previously from $110.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. Jefferies Group restated a “buy” rating and set a $135.00 price target (up previously from $120.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, August 9th. Wells Fargo & Company restated a “buy” rating on shares of IAC/InterActiveCorp in a research note on Thursday, August 3rd. Finally, Aegis restated a “buy” rating and set a $115.00 price target on shares of IAC/InterActiveCorp in a research note on Thursday, August 3rd. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $141.40.
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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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