Which insiders are selling IAC/InterActiveCorp (IAC)?

IAC/InterActiveCorp (NASDAQ:IAC) marched up 98.01% compared to a 52-week low price of $112.34. The shares were last seen trading 4.49% higher, taking the closing price at $222.45 on September 13, 2018. At recent session, the prices were hovering between $213.54 and $222.55. This company shares are 2.23% off its target price of $227.4 and the current market capitalization stands at $17.97B. The recent change has given its price a 27.95% lead over SMA 50 and 4.47% lead over its 52-week high. The stock witnessed 17.1% gains, 37.09% gains and 33.98% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found IAC’s volatility during a week at 3.9% and during a month it has been found around 2.92%.

IAC/InterActiveCorp (IAC) Top Holders

Institutional investors currently hold around $16.9 billion or 95.8% in IAC stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.39 billion in IAC/InterActiveCorp, which represents roughly 7.74% of the company’s market cap and approximately 8.23% of the institutional ownership. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 6,168,166 shares of the stock are valued at $1.31 billion. The third largest holder is Tcs Capital Management Llc, which currently holds $1.16 billion worth of this stock and that ownership represents nearly 6.44% of its market capitalization.

IAC/InterActiveCorp 13F Filings

At the end of June reporting period, 214 institutional holders increased their position in IAC/InterActiveCorp (NASDAQ:IAC) by some 10,070,615 shares, 216 decreased positions by 11,265,379 and 80 held positions by 58,100,000. That puts total institutional holdings at 79,400,000 shares, according to SEC filings. The stock grabbed 66 new institutional investments totaling 1,794,508 shares while 55 institutional investors sold out their entire positions totaling 4,608,256 shares.

IAC/InterActiveCorp (NASDAQ:IAC) Insider Trades

Multiple company employees have indulged in significant insider trading. IAC/InterActiveCorp disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP & Controller Schwerdtman Michael H has sold 18,750 shares of IAC/InterActiveCorp (IAC) in trading session dated Aug. 14, 2018. These shares are worth $3,568,500 and were traded at $190.32 each. The SEC filing shows that Schwerdtman Michael H performed a sale of 30,000 shares. The SVP & Controller disposed these shares by way of transaction on Feb. 14, 2018. The company’s shares were given away at $141.25 per share worth to an income of some $4,237,500 on account of Schwerdtman Michael H.

EVP and GC, Winiarski Gregg, sold 62,253 common shares of IAC/InterActiveCorp (IAC) in the open market. In a transaction dated Jan. 02, 2018, the shares were put up for sale at an average price of $127, raking in a sum of $7,917,959. After this sale, 31,342 common shares of IAC are directly owned by the insider, with total stake valued at $6,970,000.

In the transaction dated Dec. 22, 2017, the great number of shares disposed came courtesy the EVP and GC; Winiarski Gregg disposed a total of 27,747 shares at an average price of $127.03, amounting to approximately $3,524,701. The insider now directly owns 93,595 shares worth $20,800,000.

IAC/InterActiveCorp (IAC) Analyst Guide

Several analysts have released their opinion on IAC/InterActiveCorp (NASDAQ:IAC), with 15 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.06 average brokerage recommendation.