IAC/InterActiveCorp (IAC) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 44.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,175,100 shares of the company’s stock after buying an additional 975,000 shares during the period. IAC/InterActiveCorp accounts for about 0.7% of Canada Pension Plan Investment Board’s holdings, making the stock its 29th largest position. Canada Pension Plan Investment Board’s holdings in IAC/InterActiveCorp were worth $327,797,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of IAC. Pillar Pacific Capital Management LLC acquired a new position in IAC/InterActiveCorp during the first quarter valued at approximately $274,000. Greenwich Wealth Management LLC raised its position in IAC/InterActiveCorp by 0.4% in the first quarter. Greenwich Wealth Management LLC now owns 20,350 shares of the company’s stock valued at $1,500,000 after buying an additional 77 shares during the period. Clear Harbor Asset Management LLC acquired a new position in IAC/InterActiveCorp during the first quarter valued at approximately $221,000. Howard Hughes Medical Institute raised its position in IAC/InterActiveCorp by 0.7% in the first quarter. Howard Hughes Medical Institute now owns 6,862 shares of the company’s stock valued at $506,000 after buying an additional 50 shares during the period. Finally, Acadian Asset Management LLC raised its position in IAC/InterActiveCorp by 85.3% in the first quarter. Acadian Asset Management LLC now owns 159,554 shares of the company’s stock valued at $11,762,000 after buying an additional 73,460 shares during the period. 85.22% of the stock is owned by institutional investors.

Shares of IAC/InterActiveCorp (NASDAQ:IAC) opened at 105.28 on Thursday. IAC/InterActiveCorp has a one year low of $56.41 and a one year high of $109.80. The company’s 50-day moving average is $105.34 and its 200-day moving average is $89.52. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 38.28 and a beta of 1.14.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The company had revenue of $767.39 million for the quarter, compared to analysts’ expectations of $758.01 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. IAC/InterActiveCorp’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts predict that IAC/InterActiveCorp will post $3.06 EPS for the current year.

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Several research firms have commented on IAC. Wells Fargo & Company reiterated a “buy” rating on shares of IAC/InterActiveCorp in a research report on Thursday, August 3rd. UBS AG reiterated a “buy” rating and set a $126.00 price objective (up previously from $115.00) on shares of IAC/InterActiveCorp in a research report on Friday, August 4th. TheStreet upgraded shares of IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research report on Thursday, August 3rd. Barclays PLC reiterated an “overweight” rating and set a $130.00 price objective (up previously from $105.00) on shares of IAC/InterActiveCorp in a research report on Friday, August 4th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $130.00 price objective (up previously from $111.00) on shares of IAC/InterActiveCorp in a research report on Sunday, May 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and a consensus price target of $107.20.

About IAC/InterActiveCorp

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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Institutional Ownership by Quarter for IAC/InterActiveCorp (NASDAQ:IAC)

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