Advisor Group Inc. boosted its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 9.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,161 shares of the company’s stock after buying an additional 549 shares during the quarter. Advisor Group Inc.’s holdings in IAC/InterActiveCorp were worth $1,294,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of IAC. Quantamental Technologies LLC bought a new position in IAC/InterActiveCorp in the 4th quarter valued at about $43,000. SG Americas Securities LLC increased its holdings in shares of IAC/InterActiveCorp by 96.7% during the fourth quarter. SG Americas Securities LLC now owns 2,687 shares of the company’s stock worth $492,000 after purchasing an additional 1,321 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of IAC/InterActiveCorp by 6.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,132 shares of the company’s stock worth $207,000 after purchasing an additional 69 shares during the period. Picton Mahoney Asset Management bought a new position in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $6,832,000. Finally, Mondrian Capital Management LLC bought a new position in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $1,830,000. 89.78% of the stock is owned by institutional investors.
In related news, CFO Glenn Schiffman sold 1,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $225.00, for a total transaction of $225,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 9,000 shares of company stock worth $1,988,500 in the last quarter. 10.90% of the stock is currently owned by company insiders.
NASDAQ IAC opened at $227.46 on Wednesday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.65. The company has a market cap of $19.12 billion, a P/E ratio of 40.69, a PEG ratio of 2.33 and a beta of 1.05. IAC/InterActiveCorp has a 1 year low of $144.71 and a 1 year high of $242.86.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.51. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. IAC/InterActiveCorp had a net margin of 14.74% and a return on equity of 16.05%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. Equities analysts expect that IAC/InterActiveCorp will post 4.8 EPS for the current year.
Several brokerages have recently commented on IAC. BidaskClub cut shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Zacks Investment Research raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $253.00 target price on the stock in a report on Thursday, May 16th. BMO Capital Markets raised their target price on shares of IAC/InterActiveCorp to $321.00 and gave the stock an “in-line” rating in a report on Monday, May 13th. Wells Fargo & Co raised their target price on shares of IAC/InterActiveCorp from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Finally, Nomura raised their target price on shares of IAC/InterActiveCorp from $239.00 to $282.00 and gave the stock a “buy” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $265.82.
IAC/InterActiveCorp Company 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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