Chicago Equity Partners LLC bought a new stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,600 shares of the company’s stock, valued at approximately $475,000.
Other large investors have also recently added to or reduced their stakes in the company. Comerica Bank grew its position in shares of IAC/InterActiveCorp by 0.7% during the 1st quarter. Comerica Bank now owns 3,269 shares of the company’s stock worth $272,000 after buying an additional 23 shares during the period. US Bancorp DE grew its position in shares of IAC/InterActiveCorp by 0.6% during the 2nd quarter. US Bancorp DE now owns 5,261 shares of the company’s stock worth $543,000 after buying an additional 30 shares during the period. Keybank National Association OH grew its position in shares of IAC/InterActiveCorp by 1.7% during the 2nd quarter. Keybank National Association OH now owns 8,987 shares of the company’s stock worth $928,000 after buying an additional 150 shares during the period. Blair William & Co. IL grew its position in shares of IAC/InterActiveCorp by 3.7% during the 1st quarter. Blair William & Co. IL now owns 4,937 shares of the company’s stock worth $365,000 after buying an additional 177 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of IAC/InterActiveCorp by 0.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 23,180 shares of the company’s stock worth $2,389,000 after buying an additional 203 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.
Shares of IAC/InterActiveCorp (IAC) opened at 118.25 on Wednesday. IAC/InterActiveCorp has a one year low of $56.91 and a one year high of $119.53. The company has a 50-day moving average price of $107.28 and a 200 day moving average price of $95.11. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 42.26 and a beta of 1.13.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.24. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The company had revenue of $767.39 million for the quarter, compared to the consensus estimate of $758.01 million. During the same quarter in the prior year, the company earned $0.42 earnings per share. IAC/InterActiveCorp’s revenue was up 2.9% on a year-over-year basis. Equities research analysts expect that IAC/InterActiveCorp will post $3.07 earnings per share for the current year.
Several analysts recently issued reports on the stock. BidaskClub raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 8th. UBS AG reissued a “buy” rating and issued a $126.00 price target (up previously from $115.00) on shares of IAC/InterActiveCorp in a research report on Friday, August 4th. Wells Fargo & Company reissued a “buy” rating on shares of IAC/InterActiveCorp in a research report on Thursday, August 3rd. TheStreet upgraded IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC restated an “overweight” rating and set a $130.00 price objective (up from $105.00) on shares of IAC/InterActiveCorp in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $108.45.
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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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