IAC/InterActiveCorp (NASDAQ:IAC) Stake Lessened by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in IAC/InterActiveCorp (NASDAQ:IAC) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,942,713 shares of the company’s stock after selling 30,282 shares during the period. Vanguard Group Inc. owned about 8.32% of IAC/InterActiveCorp worth $1,070,358,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its stake in IAC/InterActiveCorp by 134.2% during the second quarter. Oregon Public Employees Retirement Fund now owns 28,836 shares of the company’s stock valued at $4,446,000 after purchasing an additional 16,522 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in IAC/InterActiveCorp by 20.0% during the second quarter. Oppenheimer & Co. Inc. now owns 9,344 shares of the company’s stock valued at $1,441,000 after purchasing an additional 1,558 shares during the last quarter. Baillie Gifford & Co. increased its stake in IAC/InterActiveCorp by 4.5% during the second quarter. Baillie Gifford & Co. now owns 1,734,760 shares of the company’s stock valued at $267,448,000 after purchasing an additional 74,595 shares during the last quarter. Paradigm Capital Management Inc. NY increased its stake in IAC/InterActiveCorp by 3.6% during the second quarter. Paradigm Capital Management Inc. NY now owns 36,950 shares of the company’s stock valued at $5,696,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in IAC/InterActiveCorp by 38.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 80,132 shares of the company’s stock valued at $17,334,000 after purchasing an additional 22,271 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Several equities analysts have recently issued reports on IAC shares. KeyCorp reduced their price target on shares of IAC/InterActiveCorp from $277.00 to $189.00 and set an “overweight” rating for the company in a report on Thursday, October 7th. Citigroup reduced their price target on shares of IAC/InterActiveCorp from $185.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, August 24th. Credit Suisse Group reduced their price target on shares of IAC/InterActiveCorp from $201.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, August 6th. Piper Sandler reduced their price target on shares of IAC/InterActiveCorp from $180.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, August 6th. Finally, Wells Fargo & Company reduced their price target on shares of IAC/InterActiveCorp from $280.00 to $160.00 and set an “overweight” rating for the company in a report on Wednesday, August 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, IAC/InterActiveCorp currently has an average rating of “Buy” and a consensus price target of $207.00.

NASDAQ IAC opened at $148.45 on Thursday. The stock’s 50-day moving average price is $132.34 and its two-hundred day moving average price is $168.31. The company has a market cap of $12.39 billion, a PE ratio of 11.32 and a beta of 1.17. IAC/InterActiveCorp has a 1 year low of $79.73 and a 1 year high of $179.12.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, August 4th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $2.34. The business had revenue of $829.50 million during the quarter, compared to analyst estimates of $831.88 million. IAC/InterActiveCorp’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.13) EPS. On average, research analysts forecast that IAC/InterActiveCorp will post -4.07 earnings per share for the current fiscal year.

IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp. engages in the provision of media and Internet services. It operates through the following business segments: Match Group, ANGI Homeservices, Vimeo, Dotdash, Applications and Emerging & Other. The Match Group segment provides dating products, operating a portfolio of several brands, including Match, Tinder, PlentyOfFish, and OkCupid.

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

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