Oppenheimer Holdings, Inc. reaffirmed their buy rating on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research report report published on Thursday. They currently have a $141.00 target price on the stock, up from their previous target price of $127.00.

A number of other equities research analysts have also weighed in on IAC. Bank of America Corporation restated a buy rating and set a $133.00 price objective on shares of IAC/InterActiveCorp in a research note on Wednesday, June 14th. Cowen and Company restated a buy rating and set a $115.00 price objective on shares of IAC/InterActiveCorp in a research note on Sunday, July 30th. Aegis restated a buy rating and set a $115.00 price objective on shares of IAC/InterActiveCorp in a research note on Thursday, August 3rd. Wells Fargo & Company restated a buy rating on shares of IAC/InterActiveCorp in a research note on Thursday, August 3rd. Finally, UBS AG restated a buy rating and set a $126.00 price objective (up previously from $115.00) on shares of IAC/InterActiveCorp in a research note on Friday, August 4th. Two analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $117.67.

Shares of IAC/InterActiveCorp (IAC) opened at 122.24 on Thursday. The stock has a market cap of $9.75 billion, a PE ratio of 43.69 and a beta of 1.14. The company’s 50-day moving average price is $113.66 and its 200 day moving average price is $100.69. IAC/InterActiveCorp has a 1-year low of $60.39 and a 1-year high of $123.49.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.24. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The business had revenue of $767.39 million during the quarter, compared to analyst estimates of $758.01 million. During the same quarter last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts forecast that IAC/InterActiveCorp will post $3.07 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of IAC/InterActiveCorp by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock worth $607,801,000 after purchasing an additional 149,182 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of IAC/InterActiveCorp by 2.6% in the 2nd quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock worth $338,199,000 after purchasing an additional 83,794 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of IAC/InterActiveCorp by 44.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,175,100 shares of the company’s stock worth $327,797,000 after purchasing an additional 975,000 shares during the last quarter. Boston Partners lifted its holdings in shares of IAC/InterActiveCorp by 1.9% in the 2nd quarter. Boston Partners now owns 3,050,689 shares of the company’s stock worth $314,953,000 after purchasing an additional 57,689 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of IAC/InterActiveCorp by 13.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,601,498 shares of the company’s stock worth $268,579,000 after purchasing an additional 316,034 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

About IAC/InterActiveCorp

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.

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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