DekaBank Deutsche Girozentrale lifted its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 9.3% in the third quarter, HoldingsChannel.com reports. The firm owned 4,103 shares of the company’s stock after acquiring an additional 350 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in IAC/InterActiveCorp were worth $879,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in IAC. FMR LLC raised its position in IAC/InterActiveCorp by 118.6% in the 3rd quarter. FMR LLC now owns 1,423,857 shares of the company’s stock valued at $308,578,000 after purchasing an additional 772,398 shares in the last quarter. BlackRock Inc. raised its position in IAC/InterActiveCorp by 3.1% in the 3rd quarter. BlackRock Inc. now owns 4,502,735 shares of the company’s stock valued at $975,832,000 after purchasing an additional 134,915 shares in the last quarter. Fosun International Ltd acquired a new stake in IAC/InterActiveCorp in the 3rd quarter valued at about $1,501,000. Janus Henderson Group PLC raised its position in IAC/InterActiveCorp by 12.6% in the 3rd quarter. Janus Henderson Group PLC now owns 991,636 shares of the company’s stock valued at $214,915,000 after purchasing an additional 110,919 shares in the last quarter. Finally, AXA raised its position in IAC/InterActiveCorp by 8.9% in the 3rd quarter. AXA now owns 25,809 shares of the company’s stock valued at $5,593,000 after purchasing an additional 2,113 shares in the last quarter. Institutional investors and hedge funds own 87.04% of the company’s stock.
A number of equities research analysts have issued reports on IAC shares. BMO Capital Markets increased their price target on IAC/InterActiveCorp to $282.00 and gave the company an “outperform” rating in a research report on Friday, November 9th. Credit Suisse Group increased their price target on IAC/InterActiveCorp from $183.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Wells Fargo & Co reduced their price target on IAC/InterActiveCorp from $220.00 to $210.00 and set an “outperform” rating on the stock in a research report on Monday, November 12th. Zacks Investment Research lowered IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, Jefferies Financial Group raised their target price on IAC/InterActiveCorp to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the stock. IAC/InterActiveCorp currently has a consensus rating of “Buy” and an average price target of $225.98.
Shares of NASDAQ IAC opened at $179.11 on Friday. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.60. IAC/InterActiveCorp has a fifty-two week low of $118.83 and a fifty-two week high of $223.54. The stock has a market cap of $14.85 billion, a PE ratio of 232.61, a price-to-earnings-growth ratio of 2.13 and a beta of 1.31.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, November 7th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.46. IAC/InterActiveCorp had a return on equity of 15.84% and a net margin of 11.39%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned $0.55 EPS. The business’s quarterly revenue was up 33.3% on a year-over-year basis. Equities analysts forecast that IAC/InterActiveCorp will post 5.55 EPS for the current year.
In other news, CFO Glenn Schiffman sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $217.22, for a total transaction of $434,440.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.90% of the stock is currently owned by company insiders.
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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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