Guggenheim Capital LLC lowered its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 14.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,576 shares of the company’s stock after selling 4,061 shares during the period. Guggenheim Capital LLC’s holdings in IAC/InterActiveCorp were worth $4,405,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Canada Pension Plan Investment Board boosted its holdings in shares of IAC/InterActiveCorp by 3.1% during the first quarter. Canada Pension Plan Investment Board now owns 3,504,953 shares of the company’s stock worth $628,193,000 after purchasing an additional 106,478 shares during the last quarter. Aristeia Capital LLC boosted its stake in IAC/InterActiveCorp by 33.0% in the 1st quarter. Aristeia Capital LLC now owns 2,070,596 shares of the company’s stock worth $371,113,000 after buying an additional 513,537 shares during the last quarter. Farallon Capital Management LLC boosted its stake in IAC/InterActiveCorp by 41.8% in the 4th quarter. Farallon Capital Management LLC now owns 2,066,500 shares of the company’s stock worth $514,786,000 after buying an additional 609,000 shares during the last quarter. Bank of America Corp DE grew its holdings in IAC/InterActiveCorp by 38.2% in the 4th quarter. Bank of America Corp DE now owns 1,743,248 shares of the company’s stock valued at $434,260,000 after buying an additional 481,870 shares during the period. Finally, State Street Corp increased its stake in shares of IAC/InterActiveCorp by 1.3% during the 1st quarter. State Street Corp now owns 1,652,213 shares of the company’s stock valued at $296,126,000 after acquiring an additional 20,990 shares during the last quarter. Hedge funds and other institutional investors own 89.22% of the company’s stock.
A number of research firms recently issued reports on IAC. Barclays boosted their target price on shares of IAC/InterActiveCorp from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, May 8th. BMO Capital Markets upped their price objective on IAC/InterActiveCorp from $316.00 to $369.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Wells Fargo & Co cut their target price on IAC/InterActiveCorp from $310.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Wedbush boosted their price target on IAC/InterActiveCorp from $259.00 to $290.00 in a research report on Monday, May 11th. Finally, BidaskClub raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Three research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $305.59.
Shares of NASDAQ IAC opened at $317.90 on Tuesday. IAC/InterActiveCorp has a twelve month low of $124.60 and a twelve month high of $320.37. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $25.91 billion, a price-to-earnings ratio of 289.00 and a beta of 1.19. The business has a 50 day simple moving average of $272.98 and a 200-day simple moving average of $234.69.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.28). IAC/InterActiveCorp had a return on equity of 9.24% and a net margin of 2.69%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the business earned $0.91 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts predict that IAC/InterActiveCorp will post 1.51 earnings per share for the current year.
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.
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