O Shares Investment Advisers LLC cut its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 32.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,120 shares of the company’s stock after selling 547 shares during the period. O Shares Investment Advisers LLC’s holdings in IAC/InterActiveCorp were worth $235,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of IAC. Icon Wealth Partners LLC acquired a new stake in shares of IAC/InterActiveCorp in the first quarter valued at approximately $32,000. Lindbrook Capital LLC acquired a new stake in shares of IAC/InterActiveCorp in the fourth quarter valued at approximately $34,000. Rockefeller Capital Management L.P. acquired a new stake in shares of IAC/InterActiveCorp in the first quarter valued at approximately $43,000. Winslow Evans & Crocker Inc. lifted its position in shares of IAC/InterActiveCorp by 40.3% in the first quarter. Winslow Evans & Crocker Inc. now owns 216 shares of the company’s stock valued at $48,000 after buying an additional 62 shares during the last quarter. Finally, Athena Capital Advisors LLC acquired a new stake in shares of IAC/InterActiveCorp in the fourth quarter valued at approximately $64,000. 89.78% of the stock is owned by hedge funds and other institutional investors.
In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 1,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $225.00, for a total transaction of $225,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 9,000 shares of company stock worth $1,988,500. Corporate insiders own 10.90% of the company’s stock.
IAC/InterActiveCorp stock opened at $230.12 on Friday. IAC/InterActiveCorp has a one year low of $144.71 and a one year high of $242.86. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.12 and a current ratio of 3.12. The firm has a market cap of $19.33 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 2.34 and a beta of 1.06.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.51. IAC/InterActiveCorp had a return on equity of 16.05% and a net margin of 14.74%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company earned $0.71 EPS. The company’s revenue was up 11.2% on a year-over-year basis. Equities research analysts expect that IAC/InterActiveCorp will post 4.8 earnings per share for the current fiscal year.
IAC has been the subject of several research reports. BidaskClub raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Zacks Investment Research raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $252.00 price target for the company in a report on Thursday, May 2nd. UBS Group lifted their price target on IAC/InterActiveCorp from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, May 10th. JPMorgan Chase & Co. lifted their price target on IAC/InterActiveCorp from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Aegis reissued a “buy” rating and set a $300.00 price target (up from $250.00) on shares of IAC/InterActiveCorp in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. IAC/InterActiveCorp currently has a consensus rating of “Buy” and a consensus price target of $265.82.
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IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.
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