Robeco Institutional Asset Management B.V. Has $601,000 Position in IAC/InterActiveCorp (IAC)

Robeco Institutional Asset Management B.V. lifted its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 24.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,773 shares of the company’s stock after acquiring an additional 542 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in IAC/InterActiveCorp were worth $601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Canada Pension Plan Investment Board grew its position in IAC/InterActiveCorp by 16.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,927,175 shares of the company’s stock worth $598,855,000 after purchasing an additional 559,748 shares during the period. FMR LLC grew its position in IAC/InterActiveCorp by 331.1% in the 2nd quarter. FMR LLC now owns 651,459 shares of the company’s stock worth $99,341,000 after purchasing an additional 500,359 shares during the period. Cadian Capital Management LP grew its position in IAC/InterActiveCorp by 33.4% in the 2nd quarter. Cadian Capital Management LP now owns 1,910,237 shares of the company’s stock worth $291,292,000 after purchasing an additional 478,270 shares during the period. BlackRock Inc. grew its position in IAC/InterActiveCorp by 10.5% in the 2nd quarter. BlackRock Inc. now owns 4,367,820 shares of the company’s stock worth $666,045,000 after purchasing an additional 415,012 shares during the period. Finally, Millennium Management LLC grew its position in IAC/InterActiveCorp by 86.6% in the 2nd quarter. Millennium Management LLC now owns 857,052 shares of the company’s stock worth $130,692,000 after purchasing an additional 397,788 shares during the period. 86.26% of the stock is owned by institutional investors.

A number of research firms have commented on IAC. UBS Group lifted their target price on shares of IAC/InterActiveCorp from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Aegis lifted their target price on shares of IAC/InterActiveCorp from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. BidaskClub downgraded shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. JPMorgan Chase & Co. lifted their target price on shares of IAC/InterActiveCorp from $186.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Finally, Zacks Investment Research raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $239.00 price objective for the company in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. IAC/InterActiveCorp presently has an average rating of “Buy” and a consensus target price of $222.25.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $217.22, for a total value of $434,440.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.90% of the stock is currently owned by insiders.

IAC opened at $174.13 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.77 and a current ratio of 2.77. IAC/InterActiveCorp has a fifty-two week low of $118.83 and a fifty-two week high of $223.54. The firm has a market cap of $14.54 billion, a P/E ratio of 226.14, a PEG ratio of 2.10 and a beta of 1.35.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, November 7th. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.46. IAC/InterActiveCorp had a net margin of 11.39% and a return on equity of 15.84%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company earned $0.55 EPS. IAC/InterActiveCorp’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, equities analysts expect that IAC/InterActiveCorp will post 5.53 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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