TRU Independence Asset Management 2 LLC purchased a new position in IAC/InterActiveCorp (NASDAQ:IAC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 140 shares of the company’s stock, valued at approximately $27,000.
Other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors lifted its position in shares of IAC/InterActiveCorp by 66.2% during the 3rd quarter. Captrust Financial Advisors now owns 8,804 shares of the company’s stock worth $1,099,000 after buying an additional 3,507 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of IAC/InterActiveCorp by 22.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,080 shares of the company’s stock valued at $1,719,000 after acquiring an additional 1,642 shares during the period. AQR Capital Management LLC increased its stake in IAC/InterActiveCorp by 155.4% in the 3rd quarter. AQR Capital Management LLC now owns 244,758 shares of the company’s stock valued at $29,317,000 after buying an additional 148,930 shares during the period. Sei Investments Co. boosted its position in shares of IAC/InterActiveCorp by 188.8% during the 4th quarter. Sei Investments Co. now owns 41,862 shares of the company’s stock worth $7,927,000 after purchasing an additional 27,366 shares in the last quarter. Finally, CI Investments Inc. purchased a new stake in shares of IAC/InterActiveCorp during the 4th quarter worth $1,022,000. Institutional investors own 82.71% of the company’s stock.
Shares of IAC opened at $231.07 on Thursday. The business’s fifty day moving average price is $237.64 and its 200 day moving average price is $180.94. IAC/InterActiveCorp has a 12-month low of $100.22 and a 12-month high of $266.00.
Several equities research analysts recently commented on IAC shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of IAC/InterActiveCorp from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, February 5th. Cowen boosted their price objective on shares of IAC/InterActiveCorp from $265.00 to $300.00 in a research report on Wednesday. Bank of America boosted their price objective on shares of IAC/InterActiveCorp from $154.00 to $214.00 in a research report on Wednesday, December 23rd. Wells Fargo & Company upped their target price on shares of IAC/InterActiveCorp from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, January 28th. Finally, BTIG Research upped their target price on shares of IAC/InterActiveCorp from $180.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday, December 23rd. Three analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $228.83.
IAC/InterActiveCorp operates as a media and internet company worldwide. The company offers digital marketplace service which connects consumers with service professionals for repairing, remodeling, cleaning, and landscaping solutions under the HomeAdvisor, Angie's List, and Handy brands; Vimeo, a cloud-based software platform for professionals, teams, and organizations to create, collaborate, and communicate with video; and Dotdash, a portfolio of digital publishing brands that provides information and inspiration in select vertical content categories, as well as provides original and engaging digital content in a various formats, including articles, illustrations, videos, and images.
Recommended Story: Monthly Dividend Stocks
Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.