Oppenheimer Asset Management Inc. Sells 352 Shares of IAC/InterActiveCorp (IAC)

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Oppenheimer Asset Management Inc. trimmed its stake in IAC/InterActiveCorp (NASDAQ:IAC) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,915 shares of the company’s stock after selling 352 shares during the period. Oppenheimer Asset Management Inc.’s holdings in IAC/InterActiveCorp were worth $717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Csenge Advisory Group bought a new stake in IAC/InterActiveCorp during the third quarter valued at $29,000. Quantamental Technologies LLC bought a new stake in IAC/InterActiveCorp during the fourth quarter valued at $43,000. Stratos Wealth Partners LTD. bought a new stake in IAC/InterActiveCorp during the third quarter valued at $131,000. Rehmann Capital Advisory Group boosted its position in IAC/InterActiveCorp by 19,016.0% during the third quarter. Rehmann Capital Advisory Group now owns 40,526 shares of the company’s stock valued at $187,000 after acquiring an additional 40,314 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in IAC/InterActiveCorp during the third quarter valued at $206,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Shares of NASDAQ IAC opened at $215.96 on Monday. IAC/InterActiveCorp has a fifty-two week low of $128.80 and a fifty-two week high of $223.54. The stock has a market capitalization of $18.04 billion, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 2.24 and a beta of 1.14. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.60.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Thursday, February 7th. The company reported $2.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $1.05. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. IAC/InterActiveCorp had a net margin of 14.71% and a return on equity of 16.53%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. As a group, sell-side analysts expect that IAC/InterActiveCorp will post 4.85 earnings per share for the current year.

A number of analysts have commented on the stock. Credit Suisse Group raised shares of IAC/InterActiveCorp to a “buy” rating and set a $243.00 price target on the stock in a research report on Sunday. JPMorgan Chase & Co. increased their price objective on shares of IAC/InterActiveCorp to $250.00 and gave the stock an “overweight” rating in a research report on Monday. BidaskClub raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. SunTrust Banks assumed coverage on shares of IAC/InterActiveCorp in a research report on Tuesday, December 18th. They set a “buy” rating and a $237.00 price objective on the stock. Finally, Bank of America cut their price objective on shares of IAC/InterActiveCorp from $240.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $234.30.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $208.81, for a total value of $417,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 4,000 shares of company stock valued at $796,530. Company insiders own 10.90% of the company’s stock.

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About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

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Want to see what other hedge funds are holding IAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IAC/InterActiveCorp (NASDAQ:IAC).

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

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