IAC/InterActiveCorp (NASDAQ:IAC) Shares Purchased by Swiss National Bank

Swiss National Bank raised its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 23.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 305,825 shares of the company’s stock after acquiring an additional 58,300 shares during the quarter. Swiss National Bank’s holdings in IAC/InterActiveCorp were worth $54,813,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in IAC. Chevy Chase Trust Holdings Inc. acquired a new position in shares of IAC/InterActiveCorp during the fourth quarter worth $39,000. Advisory Services Network LLC lifted its position in shares of IAC/InterActiveCorp by 65.4% during the fourth quarter. Advisory Services Network LLC now owns 177 shares of the company’s stock worth $44,000 after purchasing an additional 70 shares in the last quarter. Sandy Spring Bank acquired a new position in shares of IAC/InterActiveCorp during the first quarter worth $44,000. Truewealth LLC acquired a new position in shares of IAC/InterActiveCorp during the first quarter worth $45,000. Finally, Lindbrook Capital LLC lifted its position in shares of IAC/InterActiveCorp by 37.6% during the first quarter. Lindbrook Capital LLC now owns 260 shares of the company’s stock worth $47,000 after purchasing an additional 71 shares in the last quarter. 87.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on IAC. Nomura boosted their target price on shares of IAC/InterActiveCorp from $296.00 to $323.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Barclays upped their price target on shares of IAC/InterActiveCorp from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Citigroup cut their price target on shares of IAC/InterActiveCorp from $285.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Wells Fargo & Co cut their price target on shares of IAC/InterActiveCorp from $310.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Finally, UBS Group upped their price target on shares of IAC/InterActiveCorp from $282.00 to $302.00 and gave the company a “buy” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $291.95.

IAC/InterActiveCorp stock opened at $260.83 on Friday. The company has a 50-day simple moving average of $217.61 and a 200-day simple moving average of $223.01. The firm has a market capitalization of $21.81 billion, a P/E ratio of 237.12 and a beta of 1.14. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.32 and a current ratio of 3.32. IAC/InterActiveCorp has a one year low of $124.60 and a one year high of $278.85.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. IAC/InterActiveCorp had a return on equity of 9.24% and a net margin of 2.69%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. As a group, sell-side analysts forecast that IAC/InterActiveCorp will post 1.53 earnings per share for the current 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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