Gryphon Financial Partners LLC purchased a new stake in IAC/InterActiveCorp (NASDAQ:IAC) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 806 shares of the company’s stock, valued at approximately $201,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Advisory Services Network LLC boosted its holdings in IAC/InterActiveCorp by 65.4% in the 4th quarter. Advisory Services Network LLC now owns 177 shares of the company’s stock worth $44,000 after acquiring an additional 70 shares during the period. Maj Invest Holding A S purchased a new stake in IAC/InterActiveCorp during the 3rd quarter worth $63,000. First Mercantile Trust Co. purchased a new stake in IAC/InterActiveCorp during the 3rd quarter worth $96,000. CWM LLC lifted its holdings in IAC/InterActiveCorp by 43.4% in the 4th quarter. CWM LLC now owns 469 shares of the company’s stock worth $117,000 after buying an additional 142 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in IAC/InterActiveCorp by 486.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 545 shares of the company’s stock valued at $136,000 after buying an additional 452 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.
IAC has been the subject of several recent analyst reports. Nomura restated a “buy” rating and set a $304.00 target price (up from $285.00) on shares of IAC/InterActiveCorp in a research note on Sunday. ValuEngine lowered shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. BTIG Research cut shares of IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. SunTrust Banks reduced their price objective on shares of IAC/InterActiveCorp from $270.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Aegis reissued a “buy” rating and set a $313.00 price objective on shares of IAC/InterActiveCorp in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $286.95.
In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $225.31, for a total value of $225,310.00. Following the completion of the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $225,310. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold a total of 12,000 shares of company stock worth $2,936,110 over the last quarter. Insiders own 11.50% of the company’s stock.
Shares of NASDAQ:IAC opened at $235.77 on Thursday. The company has a quick ratio of 3.56, a current ratio of 3.56 and a debt-to-equity ratio of 0.82. IAC/InterActiveCorp has a fifty-two week low of $201.50 and a fifty-two week high of $278.85. The firm has a 50-day simple moving average of $256.22 and a 200 day simple moving average of $238.03. The company has a market cap of $20.01 billion, a PE ratio of 52.39, a P/E/G ratio of 1.33 and a beta of 0.91.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, February 5th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.13). IAC/InterActiveCorp had a return on equity of 11.62% and a net margin of 9.06%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business earned $2.04 EPS. The business’s revenue was up 10.3% on a year-over-year basis. As a group, research analysts forecast that IAC/InterActiveCorp will post 4.49 EPS for the current fiscal year.
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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