IAC/InterActiveCorp (IAC) Holdings Increased by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC boosted its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 319.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,272 shares of the company’s stock after buying an additional 969 shares during the period. Gryphon Financial Partners LLC’s holdings in IAC/InterActiveCorp were worth $276,000 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 IAC. Canada Pension Plan Investment Board raised its holdings in IAC/InterActiveCorp by 16.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,927,175 shares of the company’s stock worth $598,855,000 after buying an additional 559,748 shares during the period. FMR LLC raised its holdings in IAC/InterActiveCorp by 331.1% during the 2nd quarter. FMR LLC now owns 651,459 shares of the company’s stock worth $99,341,000 after buying an additional 500,359 shares during the period. Cadian Capital Management LP raised its holdings in IAC/InterActiveCorp by 33.4% during the 2nd quarter. Cadian Capital Management LP now owns 1,910,237 shares of the company’s stock worth $291,292,000 after buying an additional 478,270 shares during the period. BlackRock Inc. raised its holdings in IAC/InterActiveCorp by 10.5% during the 2nd quarter. BlackRock Inc. now owns 4,367,820 shares of the company’s stock worth $666,045,000 after buying an additional 415,012 shares during the period. Finally, Millennium Management LLC raised its holdings in IAC/InterActiveCorp by 86.6% during the 2nd quarter. Millennium Management LLC now owns 857,052 shares of the company’s stock worth $130,692,000 after buying an additional 397,788 shares during the period. Hedge funds and other institutional investors own 86.13% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research cut IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. UBS Group lifted their target price on IAC/InterActiveCorp from $224.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. Jefferies Financial Group lifted their target price on IAC/InterActiveCorp to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 4th. JPMorgan Chase & Co. lifted their target price on IAC/InterActiveCorp from $186.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. Finally, BidaskClub cut IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $216.89.

In related news, CFO Glenn Schiffman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $199.05, for a total value of $398,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.90% of the company’s stock.

Shares of NASDAQ IAC opened at $186.55 on Friday. The company has a market capitalization of $15.41 billion, a P/E ratio of 242.27, a PEG ratio of 2.32 and a beta of 1.35. IAC/InterActiveCorp has a 52 week low of $118.83 and a 52 week high of $223.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.78 and a quick ratio of 2.78.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.46. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. IAC/InterActiveCorp had a return on equity of 16.15% and a net margin of 11.39%. The firm’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. As a group, equities analysts forecast that IAC/InterActiveCorp will post 5.33 earnings per share for the current year.

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IAC/InterActiveCorp Company Profile

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

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