Meadow Creek Investment Management LLC boosted its position in IAC (NASDAQ:IAC) by 108.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,212 shares of the company’s stock after purchasing an additional 13,134 shares during the period. Meadow Creek Investment Management LLC’s holdings in IAC were worth $3,083,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Columbus Circle Investors lifted its stake in shares of IAC by 6.6% during the third quarter. Columbus Circle Investors now owns 237,228 shares of the company’s stock worth $27,893,000 after purchasing an additional 14,647 shares in the last quarter. Yakira Capital Management Inc. lifted its stake in shares of IAC by 64.6% during the fourth quarter. Yakira Capital Management Inc. now owns 36,432 shares of the company’s stock worth $4,455,000 after purchasing an additional 14,296 shares in the last quarter. First Manhattan Co. lifted its stake in shares of IAC by 0.7% during the fourth quarter. First Manhattan Co. now owns 618,786 shares of the company’s stock worth $75,665,000 after purchasing an additional 4,331 shares in the last quarter. American International Group Inc. acquired a new position in shares of IAC during the fourth quarter worth about $202,000. Finally, Caxton Associates LP acquired a new position in shares of IAC during the third quarter worth about $2,940,000. 86.88% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ IAC traded down $3.13 during trading on Friday, hitting $150.23. The company had a trading volume of 936,445 shares, compared to its average volume of 797,124. The stock has a market capitalization of $12,417.71, a P/E ratio of 195.10, a P/E/G ratio of 4.58 and a beta of 1.23. IAC has a 52 week low of $74.05 and a 52 week high of $166.64. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.66 and a current ratio of 2.66.
IAC (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.12. The company had revenue of $950.59 million for the quarter, compared to analysts’ expectations of $894.74 million. IAC had a return on equity of 2.42% and a net margin of 9.22%. research analysts forecast that IAC will post 3.93 earnings per share for the current year.
A number of brokerages have recently issued reports on IAC. Zacks Investment Research lowered IAC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 19th. Credit Suisse Group lowered IAC to a “hold” rating and set a $171.00 target price on the stock. in a research report on Friday, March 9th. ValuEngine raised IAC from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Guggenheim reissued a “buy” rating and issued a $150.00 price objective on shares of IAC in a report on Friday, December 22nd. Finally, Bank of America boosted their price objective on IAC from $166.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 9th. Three research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $164.52.
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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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