Fmr LLC boosted its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 331.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 651,459 shares of the company’s stock after buying an additional 500,359 shares during the period. Fmr LLC owned approximately 0.78% of IAC/InterActiveCorp worth $99,341,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of IAC. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in IAC/InterActiveCorp during the second quarter valued at $107,000. Opera Trading Capital bought a new stake in IAC/InterActiveCorp during the second quarter valued at $243,000. Greenwood Capital Associates LLC bought a new stake in IAC/InterActiveCorp during the second quarter valued at $244,000. NumerixS Investment Technologies Inc bought a new stake in IAC/InterActiveCorp during the second quarter valued at $244,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in IAC/InterActiveCorp during the second quarter valued at about $321,000. 86.13% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on the company. BMO Capital Markets restated a “buy” rating and set a $216.00 price target on shares of IAC/InterActiveCorp in a research report on Friday, July 13th. BidaskClub downgraded IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup raised their price target on IAC/InterActiveCorp from $200.00 to $248.00 and gave the company a “reduce” rating in a research report on Friday, August 10th. Barclays raised their price target on IAC/InterActiveCorp to $244.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Finally, Nomura assumed coverage on IAC/InterActiveCorp in a research report on Thursday, October 11th. They set a “buy” rating and a $246.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $216.89.
IAC opened at $186.55 on Friday. The stock has a market capitalization of $15.41 billion, a PE ratio of 35.08, a P/E/G ratio of 2.32 and a beta of 1.35. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.61. IAC/InterActiveCorp has a 12 month low of $118.83 and a 12 month high of $223.54.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, November 7th. The company reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.46. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. IAC/InterActiveCorp had a return on equity of 16.15% and a net margin of 11.39%. The company’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. On average, analysts predict that IAC/InterActiveCorp will post 5.33 earnings per share for the current year.
In other news, CFO Glenn Schiffman sold 2,000 shares of IAC/InterActiveCorp stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $199.05, for a total value of $398,100.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 10.90% of the stock is currently owned by insiders.
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IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.
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