Traders Sell Shares of IAC/InterActiveCorp (IAC) on Strength (IAC)

Investors sold shares of IAC/InterActiveCorp (NASDAQ:IAC) on strength during trading on Tuesday. $29.41 million flowed into the stock on the tick-up and $63.33 million flowed out of the stock on the tick-down, for a money net flow of $33.92 million out of the stock. Of all stocks tracked, IAC/InterActiveCorp had the 32nd highest net out-flow for the day. IAC/InterActiveCorp traded up $3.41 for the day and closed at $143.75

A number of equities research analysts have issued reports on the stock. Needham & Company LLC upped their price target on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 10th. Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine cut shares of IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Credit Suisse Group restated a “buy” rating and set a $151.00 price target on shares of IAC/InterActiveCorp in a report on Tuesday, January 9th. Finally, Wells Fargo & Co restated a “buy” rating and set a $168.00 price target on shares of IAC/InterActiveCorp in a report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. IAC/InterActiveCorp currently has an average rating of “Buy” and a consensus target price of $153.50.

The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57. The company has a market cap of $11,790.00, a P/E ratio of 40.61, a price-to-earnings-growth ratio of 4.24 and a beta of 1.38.

In related news, Director Edgar Bronfman, Jr. sold 2,289 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $122.94, for a total value of $281,409.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregg Winiarski sold 62,253 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $127.19, for a total transaction of $7,917,959.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,929 shares of company stock valued at $22,516,569. 11.30% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC acquired a new stake in shares of IAC/InterActiveCorp during the third quarter worth approximately $105,000. Cerebellum GP LLC acquired a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $124,000. LS Investment Advisors LLC acquired a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $146,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $147,000. Finally, American International Group Inc. acquired a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $202,000. 85.60% of the stock is owned by hedge funds and other institutional investors.

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About IAC/InterActiveCorp

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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