Wells Fargo & Company MN lowered its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 55.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,055 shares of the company’s stock after selling 187,735 shares during the quarter. Wells Fargo & Company MN’s holdings in IAC/InterActiveCorp were worth $32,304,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Aperio Group LLC grew its stake in shares of IAC/InterActiveCorp by 16.7% during the 3rd quarter. Aperio Group LLC now owns 46,034 shares of the company’s stock worth $9,976,000 after purchasing an additional 6,589 shares during the period. Oakbrook Investments LLC grew its stake in shares of IAC/InterActiveCorp by 107.0% during the 3rd quarter. Oakbrook Investments LLC now owns 4,644 shares of the company’s stock worth $1,006,000 after purchasing an additional 2,400 shares during the period. Soros Fund Management LLC grew its stake in shares of IAC/InterActiveCorp by 2.6% during the 2nd quarter. Soros Fund Management LLC now owns 167,700 shares of the company’s stock worth $25,573,000 after purchasing an additional 4,200 shares during the period. Inverness Counsel LLC NY grew its stake in shares of IAC/InterActiveCorp by 417.9% during the 2nd quarter. Inverness Counsel LLC NY now owns 139,705 shares of the company’s stock worth $21,304,000 after purchasing an additional 112,732 shares during the period. Finally, Cadian Capital Management LP grew its stake in shares of 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 purchasing an additional 478,270 shares during the period. Institutional investors own 86.26% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. UBS Group upped their price target on shares of IAC/InterActiveCorp from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Aegis increased their price objective on shares of IAC/InterActiveCorp from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, August 13th. BidaskClub cut shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. JPMorgan Chase & Co. increased their price objective on shares of IAC/InterActiveCorp from $186.00 to $220.00 and gave the company an “overweight” rating in a research note 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 on the stock in a research note on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $222.25.
IAC/InterActiveCorp stock opened at $174.13 on Monday. IAC/InterActiveCorp has a 12-month low of $118.83 and a 12-month high of $223.54. The stock has a market cap of $14.54 billion, a price-to-earnings ratio of 226.14, a PEG ratio of 2.10 and a beta of 1.35. 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 (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, November 7th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 period last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. As a group, equities research analysts expect that IAC/InterActiveCorp will post 5.53 EPS for the current fiscal year.
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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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