IAC/InterActiveCorp (NASDAQ:IAC) CFO Glenn Schiffman Sells 3,000 Shares

IAC/InterActiveCorp (NASDAQ:IAC) CFO Glenn Schiffman sold 3,000 shares of IAC/InterActiveCorp stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $222.04, for a total value of $666,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Glenn Schiffman also recently made the following trade(s):

  • On Wednesday, May 1st, Glenn Schiffman sold 3,000 shares of IAC/InterActiveCorp stock. The shares were sold at an average price of $224.98, for a total value of $674,940.00.
  • On Monday, April 22nd, Glenn Schiffman sold 1,000 shares of IAC/InterActiveCorp stock. The shares were sold at an average price of $225.00, for a total value of $225,000.00.
  • On Monday, April 1st, Glenn Schiffman sold 2,000 shares of IAC/InterActiveCorp stock. The shares were sold at an average price of $211.22, for a total value of $422,440.00.

Shares of IAC/InterActiveCorp stock traded down $0.62 during trading on Friday, hitting $217.53. 1,360,138 shares of the company were exchanged, compared to its average volume of 738,508. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.12 and a quick ratio of 3.12. IAC/InterActiveCorp has a fifty-two week low of $144.71 and a fifty-two week high of $242.86. The stock has a market cap of $18.22 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. The stock has a 50 day moving average of $225.53.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.51. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. IAC/InterActiveCorp had a return on equity of 16.05% and a net margin of 14.74%. IAC/InterActiveCorp’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. As a group, research analysts forecast that IAC/InterActiveCorp will post 4.8 EPS for the current year.

Several equities research analysts have recently commented on IAC shares. BidaskClub raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group boosted their price target on IAC/InterActiveCorp from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Zacks Investment Research raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $252.00 price target on the stock in a research note on Thursday, May 2nd. Aegis reissued a “buy” rating and set a $300.00 price target (up previously from $250.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, March 20th. Finally, ValuEngine lowered IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $265.82.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its holdings in IAC/InterActiveCorp by 10.3% in the 1st quarter. BlackRock Inc. now owns 5,802,759 shares of the company’s stock valued at $1,219,215,000 after acquiring an additional 543,469 shares during the last quarter. First Manhattan Co. raised its holdings in IAC/InterActiveCorp by 1.0% in the 1st quarter. First Manhattan Co. now owns 1,195,514 shares of the company’s stock valued at $251,189,000 after acquiring an additional 11,636 shares during the last quarter. Norges Bank acquired a new position in IAC/InterActiveCorp in the 4th quarter valued at $152,540,000. Geode Capital Management LLC increased its holdings in shares of IAC/InterActiveCorp by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 732,502 shares of the company’s stock worth $133,985,000 after buying an additional 41,411 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of IAC/InterActiveCorp by 28.9% during the 4th quarter. Northern Trust Corp now owns 721,138 shares of the company’s stock worth $131,996,000 after buying an additional 161,867 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

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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Insider Buying and Selling by Quarter for IAC/InterActiveCorp (NASDAQ:IAC)

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