Zacks Investment Research upgraded shares of IAC/InterActiveCorp (NASDAQ:IAC) from a hold rating to a buy rating in a research report sent to investors on Saturday morning. The brokerage currently has $151.00 price objective on the stock.

According to Zacks, “IAC is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match.com, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC’s brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide. “

Other equities research analysts have also issued research reports about the stock. Citigroup set a $150.00 target price on shares of IAC/InterActiveCorp and gave the stock a buy rating in a report on Friday, November 10th. Oppenheimer reaffirmed a buy rating and set a $141.00 target price on shares of IAC/InterActiveCorp in a report on Thursday, November 9th. BidaskClub lowered shares of IAC/InterActiveCorp from a strong-buy rating to a buy rating in a report on Saturday, October 21st. Wells Fargo & Co reaffirmed a buy rating and set a $150.00 target price (up previously from $125.00) on shares of IAC/InterActiveCorp in a report on Thursday, October 19th. Finally, BMO Capital Markets reaffirmed a buy rating and set a $160.00 target price (up previously from $130.00) on shares of IAC/InterActiveCorp in a report on Friday, October 13th. Three research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $153.50.

Shares of IAC/InterActiveCorp (IAC) opened at $143.75 on Friday. IAC/InterActiveCorp has a 1-year low of $72.00 and a 1-year high of $150.59. The stock has a market cap of $11,790.00, a price-to-earnings ratio of 40.61, a PEG ratio of 4.24 and a beta of 1.38. 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, EVP Mark J. Stein sold 26,887 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $126.68, for a total value of $3,406,045.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edgar Bronfman, Jr. sold 2,289 shares of the company’s 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 disclosure for this sale can be found here. Insiders sold 175,929 shares of company stock valued at $22,516,569 in the last three months. 11.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. grew its holdings in shares of IAC/InterActiveCorp by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,676 shares of the company’s stock valued at $689,000 after purchasing an additional 25 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in IAC/InterActiveCorp by 1.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock valued at $581,000 after buying an additional 104 shares during the last quarter. Voya Investment Management LLC lifted its position in IAC/InterActiveCorp by 0.6% in the second quarter. Voya Investment Management LLC now owns 26,908 shares of the company’s stock valued at $2,778,000 after buying an additional 150 shares during the last quarter. Pillar Pacific Capital Management LLC lifted its position in IAC/InterActiveCorp by 9.7% in the fourth quarter. Pillar Pacific Capital Management LLC now owns 3,950 shares of the company’s stock valued at $483,000 after buying an additional 350 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in IAC/InterActiveCorp by 16.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,626 shares of the company’s stock valued at $271,000 after buying an additional 370 shares during the last quarter. 85.60% of the stock is owned by hedge funds and other 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.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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