IAC/InterActiveCorp Sees Unusually High Options Volume (NASDAQ:IAC)


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IAC/InterActiveCorp (NASDAQ:IAC) was the target of some unusual options trading on Tuesday. Investors purchased 4,745 call options on the stock. This represents an increase of approximately 240% compared to the average daily volume of 1,395 call options.

Shares of IAC stock opened at $231.07 on Thursday. The business’s fifty day simple moving average is $237.64 and its 200-day simple moving average is $180.94. IAC/InterActiveCorp has a 12-month low of $100.22 and a 12-month high of $266.00.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, February 3rd. The company reported $5.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $6.11. The business had revenue of $848.82 million for the quarter, compared to analyst estimates of $816.45 million. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. On average, analysts predict that IAC/InterActiveCorp will post -0.73 earnings per share for the current year.

Several research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on IAC/InterActiveCorp from $195.00 to $225.00 in a research report on Tuesday, January 26th. Cowen boosted their target price on IAC/InterActiveCorp from $265.00 to $300.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on IAC/InterActiveCorp from $230.00 to $265.00 and gave the company a “buy” rating in a report on Friday, February 5th. Wells Fargo & Company boosted their price target on IAC/InterActiveCorp from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, January 28th. Finally, Oppenheimer boosted their price target on IAC/InterActiveCorp from $210.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 5th. Three equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $228.83.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TRU Independence Asset Management 2 LLC acquired a new position in shares of IAC/InterActiveCorp in the 4th quarter valued at $27,000. Encompass Wealth Advisors LLC acquired a new position in shares of IAC/InterActiveCorp in the 4th quarter valued at $27,000. tru Independence LLC acquired a new position in shares of IAC/InterActiveCorp in the 4th quarter valued at $51,000. Applied Fundamental Research LLC acquired a new position in shares of IAC/InterActiveCorp in the 4th quarter valued at $18,650,000. Finally, Voya Financial Advisors Inc. increased its position in shares of IAC/InterActiveCorp by 38.9% in the 4th quarter. Voya Financial Advisors Inc. now owns 13,751 shares of the company’s stock valued at $2,578,000 after acquiring an additional 3,853 shares during the period. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

About IAC/InterActiveCorp

IAC/InterActiveCorp operates as a media and internet company worldwide. The company offers digital marketplace service which connects consumers with service professionals for repairing, remodeling, cleaning, and landscaping solutions under the HomeAdvisor, Angie's List, and Handy brands; Vimeo, a cloud-based software platform for professionals, teams, and organizations to create, collaborate, and communicate with video; and Dotdash, a portfolio of digital publishing brands that provides information and inspiration in select vertical content categories, as well as provides original and engaging digital content in a various formats, including articles, illustrations, videos, and images.

Further Reading: Economic Bubble

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