Yakira Capital Management Inc. lifted its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 64.6% during the 4th quarter, HoldingsChannel reports. The firm owned 36,432 shares of the company’s stock after buying an additional 14,296 shares during the period. IAC/InterActiveCorp makes up 1.4% of Yakira Capital Management Inc.’s investment portfolio, making the stock its 15th biggest position. Yakira Capital Management Inc.’s holdings in IAC/InterActiveCorp were worth $4,455,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in shares of IAC/InterActiveCorp by 1,178.3% during the 4th quarter. Assetmark Inc. now owns 4,244 shares of the company’s stock worth $519,000 after purchasing an additional 3,912 shares in the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of IAC/InterActiveCorp during the 4th quarter worth $12,846,000. Alexandria Capital LLC acquired a new stake in shares of IAC/InterActiveCorp during the 4th quarter worth $339,000. American International Group Inc. acquired a new stake in shares of IAC/InterActiveCorp during the 4th quarter worth $202,000. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of IAC/InterActiveCorp by 173.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,361 shares of the company’s stock worth $411,000 after purchasing an additional 2,130 shares in the last quarter. 86.49% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on the company. Aegis reaffirmed a “buy” rating and issued a $200.00 price objective (up from $165.00) on shares of IAC/InterActiveCorp in a research note on Tuesday. Wells Fargo & Co reaffirmed a “buy” rating and issued a $168.00 price objective on shares of IAC/InterActiveCorp in a research note on Thursday, February 8th. JPMorgan Chase & Co. assumed coverage on IAC/InterActiveCorp in a research note on Friday, February 2nd. They issued an “overweight” rating and a $175.00 price objective on the stock. Cowen reaffirmed a “buy” rating and issued a $180.00 price objective on shares of IAC/InterActiveCorp in a research note on Friday, February 2nd. Finally, BidaskClub raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 3rd. Three investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $159.90.
IAC/InterActiveCorp (IAC) opened at $149.10 on Wednesday. IAC/InterActiveCorp has a 1 year low of $72.00 and a 1 year high of $154.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $12,480.42, a PE ratio of 47.33, a PEG ratio of 4.67 and a beta of 1.38.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.12. IAC/InterActiveCorp had a return on equity of 2.57% and a net margin of 9.22%. The company had revenue of $950.59 million during the quarter, compared to the consensus estimate of $894.74 million. research analysts predict that IAC/InterActiveCorp will post 3.91 EPS for the current fiscal year.
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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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