IAC/InterActiveCorp Sees Unusually Large Options Volume (IAC)

IAC/InterActiveCorp (NASDAQ:IAC) saw some unusual options trading on Thursday. Stock traders acquired 2,809 call options on the stock. This is an increase of approximately 1,171% compared to the typical daily volume of 221 call options.

IAC traded up $4.05 on Friday, hitting $228.28. The company had a trading volume of 876,763 shares, compared to its average volume of 728,048. IAC/InterActiveCorp has a 1-year low of $128.80 and a 1-year high of $233.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a market cap of $19.12 billion, a P/E ratio of 40.84, a price-to-earnings-growth ratio of 2.61 and a beta of 1.09.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Thursday, February 7th. The company reported $2.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $1.05. IAC/InterActiveCorp had a return on equity of 16.11% and a net margin of 14.71%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, analysts anticipate that IAC/InterActiveCorp will post 4.22 earnings per share for the current fiscal year.

In other IAC/InterActiveCorp news, Director David S. Rosenblatt sold 4,528 shares of IAC/InterActiveCorp stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $220.64, for a total transaction of $999,057.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Glenn Schiffman sold 1,000 shares of IAC/InterActiveCorp stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $225.00, for a total value of $225,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,528 shares of company stock worth $2,748,798. Company insiders own 10.90% of the company’s stock.

Several hedge funds have recently modified their holdings of IAC. Keybank National Association OH raised its stake in shares of IAC/InterActiveCorp by 1.3% in the fourth quarter. Keybank National Association OH now owns 4,710 shares of the company’s stock valued at $862,000 after purchasing an additional 60 shares in the last quarter. Winslow Evans & Crocker Inc. grew its position in IAC/InterActiveCorp by 40.3% in the first quarter. Winslow Evans & Crocker Inc. now owns 216 shares of the company’s stock valued at $48,000 after acquiring an additional 62 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in IAC/InterActiveCorp by 6.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,132 shares of the company’s stock valued at $207,000 after acquiring an additional 69 shares during the period. Utah Retirement Systems grew its position in IAC/InterActiveCorp by 0.7% in the fourth quarter. Utah Retirement Systems now owns 13,908 shares of the company’s stock valued at $2,546,000 after acquiring an additional 100 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in IAC/InterActiveCorp by 3.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,030 shares of the company’s stock valued at $637,000 after acquiring an additional 100 shares during the period. Institutional investors own 89.36% of the company’s stock.

Several equities analysts have weighed in on the company. BidaskClub cut IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Jefferies Financial Group lifted their target price on IAC/InterActiveCorp from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. ValuEngine raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Investment Research cut IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Finally, BMO Capital Markets boosted their price target on IAC/InterActiveCorp from $287.00 to $291.00 and gave the company an “outperform” rating in a research note on Monday, February 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. IAC/InterActiveCorp has an average rating of “Buy” and a consensus price target of $242.83.

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IAC/InterActiveCorp Company Profile

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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