IAC/InterActiveCorp Sees Unusually High Options Volume (IAC)

IAC/InterActiveCorp (NASDAQ:IAC) saw unusually large options trading activity on Wednesday. Investors acquired 10,461 call options on the company. This is an increase of 7,480% compared to the average daily volume of 138 call options.

In related news, Director Edgar Bronfman, Jr. sold 2,289 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph Levin sold 78,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.83, for a total transaction of $10,113,155.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,676 shares of company stock valued at $14,598,610. Insiders own 10.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC raised its position in shares of IAC/InterActiveCorp by 6.4% in the third quarter. Parametric Portfolio Associates LLC now owns 281,822 shares of the company’s stock valued at $33,137,000 after purchasing an additional 17,067 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of IAC/InterActiveCorp by 4.1% in the third quarter. Public Employees Retirement System of Ohio now owns 30,469 shares of the company’s stock valued at $3,583,000 after purchasing an additional 1,212 shares during the period. Fieldpoint Private Securities LLC bought a new position in shares of IAC/InterActiveCorp in the third quarter valued at about $105,000. TT International raised its position in shares of IAC/InterActiveCorp by 6.8% in the third quarter. TT International now owns 82,907 shares of the company’s stock valued at $9,748,000 after purchasing an additional 5,255 shares during the period. Finally, RWC Asset Management LLP bought a new position in shares of IAC/InterActiveCorp in the third quarter valued at about $9,501,000. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

IAC has been the subject of a number of analyst reports. BidaskClub upgraded shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Friday, September 8th. Guggenheim reiterated a “buy” rating and issued a $130.00 price target (up previously from $120.00) on shares of IAC/InterActiveCorp in a report on Monday, September 18th. Benchmark upped their price target on shares of IAC/InterActiveCorp from $135.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, September 21st. Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $160.00 price target (up previously from $152.00) on shares of IAC/InterActiveCorp in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and twenty have assigned a buy rating to the company’s stock. IAC/InterActiveCorp has an average rating of “Buy” and an average target price of $142.05.

IAC/InterActiveCorp (NASDAQ IAC) opened at $126.97 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a 1-year low of $64.69 and a 1-year high of $137.86. The company has a market cap of $10,410.00, a price-to-earnings ratio of 28.47, a P/E/G ratio of 27.96 and a beta of 1.09.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The firm had revenue of $828.40 million for the quarter, compared to the consensus estimate of $810.36 million. During the same period last year, the company posted $0.73 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. analysts forecast that IAC/InterActiveCorp will post 0.55 EPS for the current fiscal year.

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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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