BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in IAC/InterActiveCorp (NASDAQ:IAC) by 78.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,778 shares of the company’s stock after buying an additional 17,968 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in IAC/InterActiveCorp were worth $8,837,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in IAC/InterActiveCorp during the second quarter valued at approximately $12,722,000. Aperio Group LLC boosted its position in IAC/InterActiveCorp by 8.8% during the second quarter. Aperio Group LLC now owns 39,445 shares of the company’s stock valued at $6,015,000 after purchasing an additional 3,186 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in IAC/InterActiveCorp by 8.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 257,291 shares of the company’s stock valued at $39,234,000 after purchasing an additional 20,817 shares during the last quarter. Aviva PLC boosted its position in IAC/InterActiveCorp by 4.7% during the second quarter. Aviva PLC now owns 37,137 shares of the company’s stock valued at $5,663,000 after purchasing an additional 1,682 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in IAC/InterActiveCorp by 68.4% during the second quarter. First Trust Advisors LP now owns 274,910 shares of the company’s stock valued at $41,921,000 after purchasing an additional 111,693 shares during the last quarter. Institutional investors and hedge funds own 87.04% of the company’s stock.
IAC has been the subject of several recent research reports. Jefferies Financial Group increased their price target on IAC/InterActiveCorp to $240.00 and gave the company a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $222.00 price target for the company in a research report on Thursday, August 30th. UBS Group increased their price target on IAC/InterActiveCorp from $200.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Aegis increased their price target on IAC/InterActiveCorp from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, BidaskClub cut IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $225.98.
NASDAQ:IAC opened at $179.11 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.77 and a current ratio of 2.77. The company has a market capitalization of $14.85 billion, a price-to-earnings ratio of 232.61, a price-to-earnings-growth ratio of 2.13 and a beta of 1.31. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.46. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. IAC/InterActiveCorp had a return on equity of 15.84% and a net margin of 11.39%. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share. Equities research analysts predict that IAC/InterActiveCorp will post 5.55 EPS for the current fiscal year.
In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through this link. 10.90% of the stock is owned by corporate insiders.
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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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