IAC/InterActiveCorp (IAC) Shares Sold by GMT Capital Corp

GMT Capital Corp cut its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 37.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,200 shares of the company’s stock after selling 86,700 shares during the quarter. GMT Capital Corp’s holdings in IAC/InterActiveCorp were worth $22,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in IAC. Canada Pension Plan Investment Board lifted its holdings in shares of IAC/InterActiveCorp by 16.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,927,175 shares of the company’s stock worth $598,855,000 after acquiring an additional 559,748 shares during the last quarter. FMR LLC lifted its holdings in shares of IAC/InterActiveCorp by 331.1% in the 2nd quarter. FMR LLC now owns 651,459 shares of the company’s stock worth $99,341,000 after acquiring an additional 500,359 shares during the last quarter. Cadian Capital Management LP lifted its holdings in shares of IAC/InterActiveCorp by 33.4% in the 2nd quarter. Cadian Capital Management LP now owns 1,910,237 shares of the company’s stock worth $291,292,000 after acquiring an additional 478,270 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of IAC/InterActiveCorp by 10.5% in the 2nd quarter. BlackRock Inc. now owns 4,367,820 shares of the company’s stock worth $666,045,000 after acquiring an additional 415,012 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of IAC/InterActiveCorp by 86.6% in the 2nd quarter. Millennium Management LLC now owns 857,052 shares of the company’s stock worth $130,692,000 after acquiring an additional 397,788 shares during the last quarter. Institutional investors and hedge funds own 86.82% of the company’s stock.

NASDAQ:IAC opened at $219.75 on Monday. IAC/InterActiveCorp has a 52 week low of $112.34 and a 52 week high of $223.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.78 and a quick ratio of 2.78. The firm has a market cap of $17.72 billion, a P/E ratio of 285.39, a PEG ratio of 2.74 and a beta of 1.29.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $1.50. IAC/InterActiveCorp had a net margin of 13.09% and a return on equity of 10.24%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business posted $0.74 EPS. The firm’s revenue was up 38.0% compared to the same quarter last year. equities research analysts expect that IAC/InterActiveCorp will post 5.18 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on IAC shares. Deutsche Bank started coverage on shares of IAC/InterActiveCorp in a report on Wednesday, May 30th. They issued a “buy” rating and a $189.35 price objective for the company. Deutsche Bank started coverage on shares of IAC/InterActiveCorp in a report on Wednesday, May 30th. They issued a “buy” rating and a $189.35 price objective for the company. Jefferies Financial Group upgraded shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Monday, June 11th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 12th. Finally, BMO Capital Markets restated a “buy” rating and issued a $216.00 price objective on shares of IAC/InterActiveCorp in a report on Friday, July 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and a consensus price target of $199.75.

IAC/InterActiveCorp 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.

See Also: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for IAC/InterActiveCorp (NASDAQ:IAC)

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