Stephens Investment Management Group LLC grew its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 655.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,449 shares of the company’s stock after acquiring an additional 162,650 shares during the quarter. Stephens Investment Management Group LLC owned about 0.22% of IAC/InterActiveCorp worth $40,776,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Valeo Financial Advisors LLC purchased a new position in IAC/InterActiveCorp in the second quarter valued at about $29,000. Icon Wealth Partners LLC acquired a new stake in shares of IAC/InterActiveCorp during the 1st quarter worth approximately $32,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of IAC/InterActiveCorp by 78.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 193 shares of the company’s stock worth $42,000 after purchasing an additional 85 shares during the period. Winslow Evans & Crocker Inc. raised its position in shares of IAC/InterActiveCorp by 40.3% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 216 shares of the company’s stock worth $48,000 after purchasing an additional 62 shares during the period. Finally, Meridian Wealth Management LLC acquired a new stake in IAC/InterActiveCorp in the 1st quarter valued at approximately $56,000. Institutional investors own 90.41% of the company’s stock.
IAC has been the subject of a number of research reports. Credit Suisse Group increased their price target on IAC/InterActiveCorp from $263.00 to $284.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Zacks Investment Research cut IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine lowered IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Oppenheimer increased their price objective on IAC/InterActiveCorp from $285.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Guggenheim upgraded IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $287.37.
NASDAQ IAC traded up $4.43 during mid-day trading on Thursday, reaching $244.79. 15,693 shares of the stock were exchanged, compared to its average volume of 705,354. IAC/InterActiveCorp has a one year low of $158.29 and a one year high of $268.72. The company has a 50 day moving average of $235.57. The stock has a market cap of $20.08 billion, a PE ratio of 43.87, a P/E/G ratio of 3.49 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.12 and a current ratio of 3.12.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.27. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. IAC/InterActiveCorp had a net margin of 11.99% and a return on equity of 12.76%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the company posted $2.32 earnings per share. Sell-side analysts expect that IAC/InterActiveCorp will post 4.57 EPS for the current fiscal year.
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.
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