IAC (NASDAQ:IAC) Position Lowered by Quad Capital Management Advisors LLC

Quad Capital Management Advisors LLC trimmed its stake in IAC (NASDAQ:IAC) by 14.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the company’s stock after selling 2,500 shares during the period. IAC makes up 0.8% of Quad Capital Management Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Quad Capital Management Advisors LLC’s holdings in IAC were worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pillar Pacific Capital Management LLC grew its position in shares of IAC by 9.7% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 3,950 shares of the company’s stock valued at $483,000 after buying an additional 350 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in IAC by 16.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,626 shares of the company’s stock worth $271,000 after purchasing an additional 370 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in IAC by 3.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 14,229 shares of the company’s stock worth $1,740,000 after purchasing an additional 445 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in IAC by 25.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,628 shares of the company’s stock worth $309,000 after purchasing an additional 530 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in IAC by 2.6% during the 3rd quarter. Macquarie Group Ltd. now owns 23,500 shares of the company’s stock worth $2,764,000 after purchasing an additional 600 shares during the period. 86.88% of the stock is currently owned by hedge funds and other institutional investors.

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IAC stock opened at $150.23 on Friday. IAC has a one year low of $74.05 and a one year high of $166.64. The firm has a market capitalization of $12,562.36, a PE ratio of 195.10, a PEG ratio of 4.64 and a beta of 1.23. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.67.

IAC (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.12. IAC had a net margin of 9.22% and a return on equity of 2.42%. The firm had revenue of $950.59 million during the quarter, compared to analysts’ expectations of $894.74 million. research analysts expect that IAC will post 3.93 EPS for the current year.

A number of analysts recently weighed in on IAC shares. Zacks Investment Research cut shares of IAC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Credit Suisse Group cut shares of IAC to a “hold” rating and set a $171.00 price target for the company. in a research note on Friday, March 9th. ValuEngine upgraded shares of IAC from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Guggenheim reiterated a “buy” rating and set a $150.00 price target on shares of IAC in a research note on Friday, December 22nd. Finally, Bank of America increased their price target on shares of IAC from $166.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. IAC has a consensus rating of “Buy” and an average price target of $164.52.

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IAC Company Profile

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

Institutional Ownership by Quarter for IAC (NASDAQ:IAC)

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