Aristeia Capital LLC says it bought 307,518 shares in quarter ending 09/30/2017 increasing its holdings in Iac/Interactive by 47.7%. Its investment was valued at $111,932,000 an increase of 68.2% as of quarter end.
Here are a few institutional investors who have updated their positions. Cardinal Capital Management LLC /ct cut its ownership by selling 242,670 shares a decrease of 29.9%. Cardinal Capital Management LLC /ct now holds 569,517 shares valued at $66,963,000. The total value of its holdings decreased 20.1%. As of the end of the quarter Raymond James & Associates had bought a total of 1,520 shares growing its holdings by 1.9%. The value in dollars increased from $8,286,000 to $9,615,000 a change of 16.0% quarter over quarter.
As of quarter end Greenleaf Trust had disposed of 3,979 shares trimming its position 7.4%. The value of the total investment in Iac/Interactive went from $5,544,000 to $5,847,000 a change of $303,000 quarter to quarter.
Equity analyst Needham & Company LLC raised the price target of the stock on November 10 changing the forecast from $130.00 to $150.00 and issued a “Buy” recommendation. Credit Suisse Group raised the price target on November 10 changing the price objective from $0.00 to $151.00 with a rating of “Outperform”.
Citigroup raised the price target on November 10 boosting the projection from $0.00 to $150.00 and stated a “Buy” rating. On November 9 Oppenheimer Holdings kept the company rating at “Buy” with a current price target of $141.00.
Barclays PLC raised the price target on October 23 changing the forecast from $130.00 to $150.00 and issued a “Overweight” rating. October 19 investment analysts at Wells Fargo & Company left the stock rating at “Buy” projecting a price of $150.00.
The company is so far trading down by 1.61% percent from yesterday’s close. The P/E ratio is currently 27.84 and the market cap is 9.46B. As of the latest earnings report the EPS was $4.46 with 76.08M shares now outstanding.
Short traders are more bearish of late as inferred by the rise in short interest. The company had a rise in short interest between September 29, 2017 and October 13, 2017 of 6.78%. Short interest increased 87,801 over that timeframe. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.02% as of October 13.