Ardsley Advisory Partners boosted its holdings in IAC/InterActiveCorp (NASDAQ:IAC) by 66.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the company’s stock after purchasing an additional 4,000 shares during the quarter. Ardsley Advisory Partners’ holdings in IAC/InterActiveCorp were worth $1,223,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Cheyne Capital Management UK LLP purchased a new stake in shares of IAC/InterActiveCorp in the third quarter valued at about $418,000. BlackRock Inc. grew its position in shares of IAC/InterActiveCorp by 19.7% during the 4th quarter. BlackRock Inc. now owns 3,886,476 shares of the company’s stock worth $475,239,000 after buying an additional 639,311 shares in the last quarter. Swiss National Bank grew its position in shares of IAC/InterActiveCorp by 123.7% during the 4th quarter. Swiss National Bank now owns 272,900 shares of the company’s stock worth $33,370,000 after buying an additional 150,900 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of IAC/InterActiveCorp by 207.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 205,356 shares of the company’s stock worth $25,111,000 after buying an additional 138,564 shares in the last quarter. Finally, OppenheimerFunds Inc. bought a new position in shares of IAC/InterActiveCorp during the 4th quarter worth $12,846,000. Institutional investors and hedge funds own 87.58% of the company’s stock.
Shares of IAC/InterActiveCorp (NASDAQ IAC) opened at $162.06 on Tuesday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $13,292.23, a PE ratio of 51.45, a price-to-earnings-growth ratio of 4.93 and a beta of 1.31. IAC/InterActiveCorp has a twelve month low of $72.00 and a twelve month high of $162.23.
A number of equities analysts have recently issued reports on the company. Credit Suisse Group downgraded IAC/InterActiveCorp to a “hold” rating and set a $171.00 price target on the stock. in a research report on Friday. Wells Fargo & Co reissued a “buy” rating and set a $185.00 price target on shares of IAC/InterActiveCorp in a research report on Friday. Jefferies Group increased their price target on IAC/InterActiveCorp to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Aegis reissued a “buy” rating and set a $200.00 price target (up previously from $165.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. assumed coverage on IAC/InterActiveCorp in a research report on Friday, February 2nd. They set an “overweight” rating and a $175.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $162.86.
In other IAC/InterActiveCorp news, EVP Mark J. Stein sold 26,887 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $126.68, for a total value of $3,406,045.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregg Winiarski sold 62,253 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $127.19, for a total value of $7,917,959.07. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by company insiders.
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IAC/InterActiveCorp Company Profile
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.
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