IAC/InterActiveCorp (IAC) Price Target Increased to $193.00 by Analysts at BMO Capital Markets

IAC/InterActiveCorp (NASDAQ:IAC) had its price target upped by equities research analysts at BMO Capital Markets from $172.00 to $193.00 in a report released on Monday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 40.68% from the stock’s current price.

Several other equities analysts also recently issued reports on IAC. Barclays restated a “buy” rating and set a $176.00 price objective on shares of IAC/InterActiveCorp in a report on Sunday. Citigroup set a $150.00 price objective on shares of IAC/InterActiveCorp and gave the company a “buy” rating in a report on Friday, November 10th. Needham & Company LLC upped their price objective 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. JPMorgan Chase & Co. began coverage on shares of IAC/InterActiveCorp in a report on Friday, February 2nd. They set an “overweight” rating and a $175.00 price objective on the stock. Finally, Wells Fargo & Co restated a “buy” rating and set a $168.00 price objective on shares of IAC/InterActiveCorp in a report on Thursday. Two research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. IAC/InterActiveCorp currently has a consensus rating of “Buy” and an average price target of $153.50.

IAC/InterActiveCorp (NASDAQ:IAC) traded up $2.55 during mid-day trading on Monday, hitting $137.19. 1,519,000 shares of the company’s stock traded hands, compared to its average volume of 786,375. The stock has a market capitalization of $11,247.39, a price-to-earnings ratio of 43.55, a price-to-earnings-growth ratio of 4.24 and a beta of 1.38. IAC/InterActiveCorp has a 1-year low of $72.00 and a 1-year high of $150.59. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57.

In related news, CEO Joseph Levin sold 78,500 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.83, for a total value of $10,113,155.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Edgar Bronfman, Jr. sold 2,289 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $122.94, for a total transaction of $281,409.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,929 shares of company stock worth $22,516,569. 11.30% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of IAC. Cheyne Capital Management UK LLP acquired a new stake in shares of IAC/InterActiveCorp during the 3rd quarter worth approximately $418,000. BlackRock Inc. grew its stake in shares of IAC/InterActiveCorp by 19.7% during the 4th quarter. BlackRock Inc. now owns 3,886,476 shares of the company’s stock worth $475,239,000 after purchasing an additional 639,311 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of IAC/InterActiveCorp by 6.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,383,327 shares of the company’s stock worth $397,812,000 after purchasing an additional 208,227 shares during the period. Boston Partners grew its stake in shares of IAC/InterActiveCorp by 0.8% during the 3rd quarter. Boston Partners now owns 3,074,055 shares of the company’s stock worth $361,448,000 after purchasing an additional 23,366 shares during the period. Finally, First Manhattan Co. lifted its position in shares of IAC/InterActiveCorp by 0.7% during the 4th quarter. First Manhattan Co. now owns 618,786 shares of the company’s stock valued at $75,665,000 after buying an additional 4,331 shares in the last quarter. Institutional investors own 85.60% of the company’s stock.

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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.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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