Douglas Lane & Associates LLC boosted its position in IAC/InterActiveCorp (NASDAQ:IAC) by 26.7% during the first quarter, Holdings Channel reports. The firm owned 587,837 shares of the company’s stock after buying an additional 123,853 shares during the period. Douglas Lane & Associates LLC owned approximately 0.76% of IAC/InterActiveCorp worth $43,335,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Creative Planning raised its stake in shares of IAC/InterActiveCorp by 0.6% in the first quarter. Creative Planning now owns 1,687 shares of the company’s stock worth $124,000 after buying an additional 10 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $162,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of IAC/InterActiveCorp by 0.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,670 shares of the company’s stock worth $177,000 after buying an additional 25 shares in the last quarter. Comerica Bank bought a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $230,000. Finally, Seven Eight Capital LP bought a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $314,000. Institutional investors and hedge funds own 85.76% of the company’s stock.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded up 2.63% during trading on Friday, reaching $78.76. 903,212 shares of the company were exchanged. The company’s market capitalization is $6.12 billion. The firm’s 50 day moving average price is $74.18 and its 200 day moving average price is $69.69. IAC/InterActiveCorp has a one year low of $45.55 and a one year high of $78.80.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, February 1st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $0.95 by $0.43. IAC/InterActiveCorp had a positive return on equity of 8.91% and a negative net margin of 1.31%. The business earned $811.20 million during the quarter, compared to the consensus estimate of $781.60 million. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year. Equities research analysts forecast that IAC/InterActiveCorp will post $3.36 earnings per share for the current fiscal year.
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IAC has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 4th. Credit Suisse Group AG started coverage on shares of IAC/InterActiveCorp in a report on Wednesday, January 11th. They set an “outperform” rating and a $83.00 price objective on the stock. Aegis reaffirmed a “buy” rating and issued a $80.00 target price on shares of IAC/InterActiveCorp in a research note on Saturday, January 14th. Stifel Nicolaus raised their target price on shares of IAC/InterActiveCorp from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, January 19th. Finally, Guggenheim lowered shares of IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a research note on Friday, January 20th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and an average target price of $84.00.
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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