Director Michael D. Eisner of IAC Inc. (NASDAQ: IAC) made a purchase of 73,641 shares of IAC stock on the trading day of November 22nd. The shares were purchased for $3,444,925.98, equivalent to an average price of $46.78 per share. As a result of the transaction, the director now owns 124,484 shares of company stock, which have a combined value of $5,823,361.52. The acquisition was discussed in a file submitted to the Securities and Exchange Commission (SEC), which may be found on the SEC’s website.
Several different analysts have written recent reports on the stock. Benchmark lowered its price target on IAC shares to $130.00 in a report that was made public on November 15th and was published by Benchmark. Cowen lowered their target price on IAC from $120.00 to $80.00 in a research note published on Monday, November 7th. The price target that Trust Financial has set for IAC has fallen from $155.00 to $120.00, as stated in a research note that was published on Thursday, November 10th. Barclays lowered their price target on IAC shares from $125.00 to $70.00 and gave the stock an “overweight” rating in a report published on Thursday, November 10th.
Last but not least, on October 12th, a research note published by StockNews.com marked the beginning of coverage on shares of IAC. They suggested that the corporation “sell” its assets. Only one of the analysts suggests dumping the stock, while the remaining eight say you should purchase it. According to Bloomberg, the average recommendation for the company is a “Moderate Buy,” and the price objective is $97.00.
On Friday, NASDAQ: IAC was trading at $47.91, down $0.07 from its previous closing price. The total number of shares traded was 322,294 versus the company’s daily average of 730,179. The firm’s market capitalization is currently sitting at $3.98 billion, its P/E ratio is -3.61, and its beta value is 0.91. IAC Inc. saw a low point over the past 52 weeks of $43.80, while it reached a 52-week high of $140.77. The debt-to-equity ratio comes in at 0.31, while the quick and current ratios come in at 2.29. The moving average for the company over the past fifty days is $50.89, and the moving average over the last two hundred days is $66.88. Recently, there has been a movement in the proportion of the company’s stock held by institutional investors. During the second quarter, Private Ocean LLC purchased an additional interest in IAC valued at approximately $29,000. During the first three months of 2018, Benjamin Edwards Inc. raised its holdings in IAC by 9,650.0%. Benjamin Edwards Inc. now has 390 shares of the company’s stock, which are worth a total of $39,000 after the business made purchases of an additional 386 shares during the most recent quarter. During the second quarter, Tortoise Investment Management LLC acquired a new investment in IAC by paying $32,000. The investment firm Quadrant Capital Group LLC boosted the percentage of IAC stock it owns by 33.5% during the first quarter. As a result of the purchase of 136 more shares during the preceding quarter, Quadrant Capital Group LLC now holds a total of 542 shares of the company’s stock, which has a market value of $54,000.
Last but not least, during the second quarter, Parallel Advisors LLC added 106.6% more shares to its existing holdings in IAC. After making further purchases during the time frame in question, Parallel Advisors LLC now has 564 shares of the company’s stock, with a combined value of $43,000. The company’s stock is owned by institutional investors and hedge funds to 99.07% of the total.
IAC/InterActiveCorp is a multinational corporation that focuses on the media and the internet and has its headquarters in the United States. The company publishes original and engaging digital content in the form of articles, illustrations, videos, and images in the fields of entertainment, food, home, beauty, travel, health, family, luxury, and fashion, as well as women’s and lifestyle magazines. In addition, the company also publishes women’s and lifestyle magazines.
