National Pension Service Grows Position in IAC/InterActiveCorp (NASDAQ:IAC)

National Pension Service lifted its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,635 shares of the company’s stock after buying an additional 4,442 shares during the period. National Pension Service owned approximately 0.13% of IAC/InterActiveCorp worth $24,284,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Arden Trust Co purchased a new stake in shares of IAC/InterActiveCorp during the second quarter valued at $255,000. BBT Capital Management LLC purchased a new position in IAC/InterActiveCorp in the first quarter worth about $294,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in IAC/InterActiveCorp by 1.1% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 28,389 shares of the company’s stock worth $6,175,000 after purchasing an additional 300 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in IAC/InterActiveCorp by 1.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,103 shares of the company’s stock worth $879,000 after purchasing an additional 49 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in IAC/InterActiveCorp by 0.3% in the first quarter. California State Teachers Retirement System now owns 122,321 shares of the company’s stock worth $25,701,000 after purchasing an additional 341 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on IAC. BidaskClub cut IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. BMO Capital Markets lifted their target price on IAC/InterActiveCorp from $319.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Nomura lifted their target price on IAC/InterActiveCorp from $282.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Benchmark boosted their price objective on IAC/InterActiveCorp from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Oppenheimer boosted their price objective on IAC/InterActiveCorp from $285.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $287.37.

In related news, CEO Joseph Levin sold 56,703 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $240.78, for a total value of $13,652,948.34. Following the completion of the transaction, the chief executive officer now owns 222,263 shares of the company’s stock, valued at approximately $53,516,485.14. 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 company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $220.69, for a total value of $441,380.00. The disclosure for this sale can be found here. Insiders sold 185,781 shares of company stock worth $46,309,265 in the last 90 days. Company insiders own 11.50% of the company’s stock.

IAC/InterActiveCorp stock traded down $0.04 during trading hours on Thursday, hitting $233.21. 18,992 shares of the stock traded hands, compared to its average volume of 737,715. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.11 and a quick ratio of 4.11. The firm’s 50 day moving average price is $245.60 and its 200-day moving average price is $228.72. The stock has a market capitalization of $19.32 billion, a price-to-earnings ratio of 41.74 and a beta of 0.94. IAC/InterActiveCorp has a 1 year low of $158.29 and a 1 year high of $268.72.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.27. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. IAC/InterActiveCorp had a return on equity of 12.44% and a net margin of 11.99%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.32 EPS. Research analysts forecast that IAC/InterActiveCorp will post 4.4 earnings per share for the current fiscal year.

IAC/InterActiveCorp Profile

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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