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 shares were sold at an average price of $255.55, for a total transaction of $1,706,051.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

IAC stock traded down $5.45 during midday trading on Tuesday, reaching $239.58. The company had a trading volume of 1,287,464 shares, compared to its average volume of 738,987. IAC/InterActiveCorp has a 1 year low of $158.29 and a 1 year high of $268.72. The company has a market cap of $21.32 billion, a P/E ratio of 42.86, a P/E/G ratio of 2.59 and a beta of 0.96. The company’s 50-day moving average is $234.86. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.65.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.27. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. IAC/InterActiveCorp had a net margin of 11.99% and a return on equity of 12.76%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.32 EPS. As a group, analysts anticipate that IAC/InterActiveCorp will post 4.8 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in IAC. BlackRock Inc. grew its position in IAC/InterActiveCorp by 10.3% during the 1st quarter. BlackRock Inc. now owns 5,802,759 shares of the company’s stock valued at $1,219,215,000 after purchasing an additional 543,469 shares during the last quarter. JPMorgan Chase & Co. grew its position in IAC/InterActiveCorp by 124.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 792,726 shares of the company’s stock valued at $172,933,000 after purchasing an additional 439,953 shares during the last quarter. Geode Capital Management LLC grew 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 valued at $133,985,000 after purchasing an additional 41,411 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in IAC/InterActiveCorp by 142.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 717,369 shares of the company’s stock valued at $156,049,000 after purchasing an additional 420,943 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in IAC/InterActiveCorp by 46.4% during the 2nd quarter. Wells Fargo & Company MN now owns 714,673 shares of the company’s stock valued at $155,462,000 after purchasing an additional 226,408 shares during the last quarter. 90.41% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on IAC. 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 research note on Friday, May 10th. BMO Capital Markets boosted their price target on shares of IAC/InterActiveCorp from $319.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group boosted their price target 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. Guggenheim upgraded shares of IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Friday. Finally, Citigroup boosted their price target on shares of IAC/InterActiveCorp from $285.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $287.37.

About IAC/InterActiveCorp

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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Insider Buying and Selling by Quarter for IAC/InterActiveCorp (NASDAQ:IAC)

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