Gulf International Bank UK Ltd boosted its stake in IAC/InterActiveCorp (NASDAQ:IAC) by 17.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,725 shares of the company’s stock after purchasing an additional 3,900 shares during the quarter. Gulf International Bank UK Ltd’s holdings in IAC/InterActiveCorp were worth $5,791,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of IAC/InterActiveCorp by 10.5% in the 2nd quarter. BlackRock Inc. now owns 4,367,820 shares of the company’s stock worth $666,045,000 after buying an additional 415,012 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of IAC/InterActiveCorp by 16.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,927,175 shares of the company’s stock worth $598,855,000 after buying an additional 559,748 shares during the last quarter. Cadian Capital Management LP increased its holdings in shares of IAC/InterActiveCorp by 33.4% in the 2nd quarter. Cadian Capital Management LP now owns 1,910,237 shares of the company’s stock worth $291,292,000 after buying an additional 478,270 shares during the last quarter. Aristeia Capital LLC increased its holdings in shares of IAC/InterActiveCorp by 16.0% in the 2nd quarter. Aristeia Capital LLC now owns 1,654,217 shares of the company’s stock worth $252,252,000 after buying an additional 227,867 shares during the last quarter. Finally, First Manhattan Co. increased its holdings in shares of IAC/InterActiveCorp by 2.6% in the 3rd quarter. First Manhattan Co. now owns 941,359 shares of the company’s stock worth $204,011,000 after buying an additional 23,615 shares during the last quarter. Institutional investors and hedge funds own 86.13% of the company’s stock.
Shares of NASDAQ:IAC opened at $186.55 on Friday. The stock has a market cap of $15.41 billion, a P/E ratio of 242.27, a PEG ratio of 2.32 and a beta of 1.35. IAC/InterActiveCorp has a 12 month low of $118.83 and a 12 month high of $223.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.78 and a current ratio of 2.78.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.03 by $0.46. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. IAC/InterActiveCorp had a net margin of 11.39% and a return on equity of 16.15%. The firm’s revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. On average, equities analysts forecast that IAC/InterActiveCorp will post 5.33 EPS for the current year.
A number of analysts have recently weighed in on IAC shares. BMO Capital Markets restated a “buy” rating and issued a $216.00 target price on shares of IAC/InterActiveCorp in a report on Friday, July 13th. BidaskClub downgraded shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Barclays boosted their target price on shares of IAC/InterActiveCorp from $195.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, August 2nd. ValuEngine upgraded shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Finally, Citigroup boosted their target price on shares of IAC/InterActiveCorp from $200.00 to $248.00 and gave the stock a “reduce” rating in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $216.89.
In related news, CFO Glenn Schiffman sold 2,000 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $217.22, for a total transaction of $434,440.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.90% of the company’s stock.
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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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