Reliance Trust Co. of Delaware bought a new stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,120 shares of the company’s stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IAC. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in IAC/InterActiveCorp during the second quarter valued at about $107,000. Opera Trading Capital bought a new position in IAC/InterActiveCorp during the second quarter valued at about $243,000. Sawtooth Solutions LLC bought a new position in IAC/InterActiveCorp during the third quarter valued at about $243,000. Greenwood Capital Associates LLC bought a new position in IAC/InterActiveCorp during the second quarter valued at about $244,000. Finally, NumerixS Investment Technologies Inc bought a new position in IAC/InterActiveCorp during the second quarter valued at about $244,000. Institutional investors own 86.08% of the company’s stock.

In related news, CFO Glenn Schiffman sold 2,000 shares of IAC/InterActiveCorp stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $217.22, for a total transaction of $434,440.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 10.90% of the stock is owned by company insiders.

A number of research firms have recently commented on IAC. Jefferies Financial Group lifted their price objective on IAC/InterActiveCorp to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Zacks Investment Research upgraded IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $239.00 price objective on the stock in a research note on Wednesday, September 26th. BidaskClub lowered IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 22nd. Guggenheim lowered 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 lifted their price objective 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 issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $211.75.

IAC stock opened at $201.86 on Friday. IAC/InterActiveCorp has a twelve month low of $118.83 and a twelve month high of $223.54. The stock has a market cap of $16.08 billion, a P/E ratio of 262.16, a PEG ratio of 2.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.78 and a current ratio of 2.78.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, August 8th. The company reported $2.32 earnings per share 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 business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was up 38.0% compared to the same quarter last year. On average, sell-side analysts predict that IAC/InterActiveCorp will post 5.33 earnings per share for the current fiscal year.

IAC/InterActiveCorp Company Profile

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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Institutional Ownership by Quarter for IAC/InterActiveCorp (NASDAQ:IAC)

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