Thrivent Financial For Lutherans grew its position in shares of IAC (NASDAQ:IAC) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,714 shares of the company’s stock after buying an additional 3,040 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.08% of IAC worth $7,546,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in IAC by 16.4% in the second quarter. The Manufacturers Life Insurance Company now owns 2,626 shares of the company’s stock valued at $271,000 after buying an additional 370 shares during the period. Crossmark Global Holdings Inc. acquired a new position in IAC in the third quarter valued at approximately $212,000. Victory Capital Management Inc. acquired a new position in IAC in the third quarter valued at approximately $1,291,000. Chicago Equity Partners LLC lifted its holdings in IAC by 109.5% in the third quarter. Chicago Equity Partners LLC now owns 9,635 shares of the company’s stock valued at $1,133,000 after buying an additional 5,035 shares during the period. Finally, Swiss National Bank lifted its holdings in IAC by 1.8% in the third quarter. Swiss National Bank now owns 122,000 shares of the company’s stock valued at $14,345,000 after buying an additional 2,100 shares during the period. 86.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of IAC stock opened at $150.23 on Friday. 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 has a twelve month low of $74.05 and a twelve month high of $166.64. The stock has a market capitalization of $12,562.36, a price-to-earnings ratio of 195.10, a price-to-earnings-growth ratio of 4.64 and a beta of 1.23.
IAC (NASDAQ:IAC) last released its earnings results on Wednesday, February 7th. The company reported $0.76 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $894.74 million. equities research analysts expect that IAC will post 3.93 EPS for the current fiscal year.
Several equities research analysts have commented on IAC shares. Zacks Investment Research downgraded shares of IAC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 19th. BidaskClub raised shares of IAC from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Guggenheim reissued a “buy” rating and set a $150.00 price objective on shares of IAC in a research report on Friday, December 22nd. Wells Fargo reaffirmed an “outperform” rating and issued a $168.00 target price (up previously from $150.00) on shares of IAC in a research report on Monday, January 8th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $151.00 target price on shares of IAC in a research report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. IAC currently has an average rating of “Buy” and a consensus 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.
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