Miura Global Management LLC cut its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 82.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,000 shares of the company’s stock after selling 205,000 shares during the period. IAC/InterActiveCorp makes up 1.6% of Miura Global Management LLC’s holdings, making the stock its 17th biggest holding. Miura Global Management LLC owned 0.05% of IAC/InterActiveCorp worth $5,503,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Fieldpoint Private Securities LLC purchased a new stake in shares of IAC/InterActiveCorp during the 3rd quarter valued at approximately $105,000. Cerebellum GP LLC purchased a new stake in shares of IAC/InterActiveCorp during the 4th quarter valued at approximately $124,000. LS Investment Advisors LLC bought a new stake in IAC/InterActiveCorp during the 4th quarter worth approximately $146,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in IAC/InterActiveCorp during the 4th quarter worth approximately $147,000. Finally, American International Group Inc. bought a new stake in IAC/InterActiveCorp during the 4th quarter worth approximately $202,000. 87.58% of the stock is owned by institutional investors.
In other IAC/InterActiveCorp news, EVP Mark J. Stein sold 26,887 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $126.68, for a total transaction of $3,406,045.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregg Winiarski sold 62,253 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $127.19, for a total transaction of $7,917,959.07. The disclosure for this sale can be found here. 11.30% of the stock is owned by corporate insiders.
IAC/InterActiveCorp (IAC) traded up $2.79 during mid-day trading on Wednesday, reaching $162.19. 685,024 shares of the company’s stock were exchanged, compared to its average volume of 799,870. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.66 and a quick ratio of 2.66. IAC/InterActiveCorp has a fifty-two week low of $72.00 and a fifty-two week high of $163.59. The company has a market capitalization of $13,395.55, a PE ratio of 51.49, a price-to-earnings-growth ratio of 4.94 and a beta of 1.31.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.12. IAC/InterActiveCorp had a net margin of 9.22% and a return on equity of 2.42%. The business had revenue of $950.59 million for the quarter, compared to analysts’ expectations of $894.74 million. equities research analysts forecast that IAC/InterActiveCorp will post 3.93 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on IAC shares. Wells Fargo & Co reissued a “buy” rating and issued a $185.00 price target on shares of IAC/InterActiveCorp in a report on Friday, March 9th. Jefferies Group increased their target price on shares of IAC/InterActiveCorp to $180.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. Credit Suisse Group cut shares of IAC/InterActiveCorp to a “hold” rating and set a $171.00 price target for the company. in a research report on Friday, March 9th. Aegis reissued a “buy” rating and set a $200.00 price target (up previously from $165.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, February 27th. Finally, Cowen reaffirmed a “buy” rating and issued a $180.00 target price on shares of IAC/InterActiveCorp in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. IAC/InterActiveCorp presently has an average rating of “Buy” and an average target price of $162.86.
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IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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