Citigroup Boosts IAC/InterActiveCorp (IAC) Price Target to $168.00

IAC/InterActiveCorp (NASDAQ:IAC) had its target price lifted by research analysts at Citigroup from $150.00 to $168.00 in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 16.87% from the company’s previous close.

IAC has been the topic of several other research reports. Needham & Company LLC raised their price target on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine lowered shares of IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research 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 research 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 research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $153.18.

IAC/InterActiveCorp (NASDAQ:IAC) traded up $3.41 during trading hours on Wednesday, hitting $143.75. 1,291,600 shares of the stock were exchanged, compared to its average volume of 811,987. The firm has a market capitalization of $11,505.63, a price-to-earnings ratio of 45.64, a P/E/G ratio of 4.44 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 debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07.

In other IAC/InterActiveCorp news, Director Edgar Bronfman, Jr. sold 2,289 shares of IAC/InterActiveCorp stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $122.94, for a total transaction of $281,409.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gregg Winiarski sold 62,253 shares of IAC/InterActiveCorp 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. Over the last three months, insiders sold 175,929 shares of company stock worth $22,516,569. Insiders own 11.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Cheyne Capital Management UK LLP acquired a new stake in shares of IAC/InterActiveCorp during the third quarter valued at about $418,000. BlackRock Inc. increased its position in shares of IAC/InterActiveCorp by 19.7% during the fourth quarter. BlackRock Inc. now owns 3,886,476 shares of the company’s stock valued at $475,239,000 after acquiring an additional 639,311 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of IAC/InterActiveCorp by 6.6% during the third quarter. Canada Pension Plan Investment Board now owns 3,383,327 shares of the company’s stock valued at $397,812,000 after acquiring an additional 208,227 shares during the last quarter. Boston Partners grew its holdings in shares of IAC/InterActiveCorp by 0.8% in the third quarter. Boston Partners now owns 3,074,055 shares of the company’s stock valued at $361,448,000 after purchasing an additional 23,366 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of IAC/InterActiveCorp by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 648,371 shares of the company’s stock valued at $79,233,000 after purchasing an additional 40,220 shares in the last quarter. 85.60% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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