UBS Asset Management Americas Inc. raised its position in IAC/InterActiveCorp (NASDAQ:IAC) by 15.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,495 shares of the company’s stock after acquiring an additional 8,448 shares during the quarter. UBS Asset Management Americas Inc. owned 0.08% of IAC/InterActiveCorp worth $6,658,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in IAC. US Bancorp DE lifted its stake in IAC/InterActiveCorp by 22.5% in the first quarter. US Bancorp DE now owns 5,231 shares of the company’s stock valued at $386,000 after buying an additional 960 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of IAC/InterActiveCorp by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 352,000 shares of the company’s stock valued at $25,949,000 after purchasing an additional 4,000 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of IAC/InterActiveCorp by 16.2% during the first quarter. BNP Paribas Arbitrage SA now owns 3,079 shares of the company’s stock valued at $227,000 after purchasing an additional 430 shares in the last quarter. Comerica Bank raised its stake in shares of IAC/InterActiveCorp by 0.7% during the first quarter. Comerica Bank now owns 3,269 shares of the company’s stock valued at $272,000 after purchasing an additional 23 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of IAC/InterActiveCorp by 136.9% during the first quarter. Ameriprise Financial Inc. now owns 72,411 shares of the company’s stock valued at $5,338,000 after purchasing an additional 41,843 shares in the last quarter. 85.19% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the company. Jefferies Group LLC reissued a “buy” rating on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $160.00 target price (up previously from $130.00) on shares of IAC/InterActiveCorp in a research note on Friday. BidaskClub raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research note on Friday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $150.00 price target on shares of IAC/InterActiveCorp in a report on Wednesday, October 11th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $160.00 price target (up from $152.00) on shares of IAC/InterActiveCorp in a report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $129.56.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) opened at 124.82 on Tuesday. The company has a market cap of $9.95 billion, a PE ratio of 44.61 and a beta of 1.14. The stock’s 50 day moving average price is $116.72 and its 200 day moving average price is $102.94. IAC/InterActiveCorp has a one year low of $60.39 and a one year high of $127.28.
IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The firm had revenue of $767.39 million during the quarter, compared to analyst estimates of $758.01 million. During the same period last year, the business earned $0.42 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. Equities analysts predict that IAC/InterActiveCorp will post $3.08 earnings per share for the current fiscal year.
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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