Voloridge Investment Management LLC Acquires New Shares in IAC/InterActiveCorp (NASDAQ:IAC)

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Voloridge Investment Management LLC acquired a new stake in IAC/InterActiveCorp (NASDAQ:IAC) in the third quarter, according to its most recent filing with the SEC. The fund acquired 24,605 shares of the company’s stock, valued at approximately $5,363,000.

A number of other institutional investors have also added to or reduced their stakes in IAC. Nuveen Asset Management LLC grew its position in shares of IAC/InterActiveCorp by 1,446.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,086,359 shares of the company’s stock valued at $671,375,000 after purchasing an additional 2,886,801 shares in the last quarter. BlackRock Inc. grew its position in shares of IAC/InterActiveCorp by 10.6% during the 2nd quarter. BlackRock Inc. now owns 6,418,237 shares of the company’s stock valued at $1,396,160,000 after purchasing an additional 615,478 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of IAC/InterActiveCorp by 4.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,458,468 shares of the company’s stock valued at $2,927,621,000 after purchasing an additional 533,168 shares in the last quarter. Bank of America Corp DE grew its position in shares of IAC/InterActiveCorp by 145.8% during the 2nd quarter. Bank of America Corp DE now owns 850,163 shares of the company’s stock valued at $184,936,000 after purchasing an additional 504,269 shares in the last quarter. Finally, Luxor Capital Group LP grew its position in shares of IAC/InterActiveCorp by 52.7% during the 3rd quarter. Luxor Capital Group LP now owns 1,407,001 shares of the company’s stock valued at $306,684,000 after purchasing an additional 485,318 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

NASDAQ IAC opened at $222.70 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.56 and a current ratio of 3.56. The company has a market capitalization of $18.84 billion, a P/E ratio of 39.84, a P/E/G ratio of 1.26 and a beta of 0.90. The company has a fifty day moving average of $224.08 and a 200-day moving average of $231.19. IAC/InterActiveCorp has a 52-week low of $161.39 and a 52-week high of $268.72.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.33. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.24 billion. IAC/InterActiveCorp had a net margin of 11.25% and a return on equity of 11.57%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.49 earnings per share. As a group, analysts forecast that IAC/InterActiveCorp will post 4.45 EPS for the current fiscal year.

A number of research firms have recently commented on IAC. Cowen set a $315.00 price target on shares of IAC/InterActiveCorp and gave the company a “buy” rating in a research report on Wednesday, September 18th. Barclays boosted their price target on shares of IAC/InterActiveCorp from $295.00 to $311.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. SunTrust Banks restated a “buy” rating and set a $265.00 price target on shares of IAC/InterActiveCorp in a research report on Monday, November 4th. Bank of America lifted their price objective on shares of IAC/InterActiveCorp from $340.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Citigroup started coverage on shares of IAC/InterActiveCorp in a report on Tuesday, September 17th. They set a “buy” rating and a $290.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $282.10.

In other IAC/InterActiveCorp news, EVP Mark J. Stein sold 38,993 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $254.77, for a total value of $9,934,246.61. Following the completion of the sale, the executive vice president now directly owns 111,451 shares of the company’s stock, valued at $28,394,371.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Glenn Schiffman sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $217.37, for a total transaction of $434,740.00. Insiders sold 44,993 shares of company stock valued at $11,363,137 over the last three months. 11.50% of the stock is currently owned by insiders.

About IAC/InterActiveCorp

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

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