IAC/InterActiveCorp (NASDAQ:IAC) Position Increased by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,119,108 shares of the company’s stock after buying an additional 52,634 shares during the period. First Trust Advisors LP owned about 1.42% of IAC/InterActiveCorp worth $115,537,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in IAC/InterActiveCorp by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,738,072 shares of the company’s stock valued at $423,011,000 after buying an additional 221,852 shares during the last quarter. BlackRock Inc. increased its stake in IAC/InterActiveCorp by 25,135.6% in the first quarter. BlackRock Inc. now owns 3,192,055 shares of the company’s stock valued at $235,319,000 after buying an additional 3,179,406 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in IAC/InterActiveCorp by 44.3% in the second quarter. Canada Pension Plan Investment Board now owns 3,175,100 shares of the company’s stock valued at $327,797,000 after buying an additional 975,000 shares during the last quarter. Boston Partners increased its stake in IAC/InterActiveCorp by 1.9% in the second quarter. Boston Partners now owns 3,050,689 shares of the company’s stock valued at $314,953,000 after buying an additional 57,689 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in IAC/InterActiveCorp by 2.5% in the first quarter. TIAA CREF Investment Management LLC now owns 2,285,464 shares of the company’s stock valued at $168,484,000 after buying an additional 55,086 shares during the last quarter. 85.22% of the stock is owned by hedge funds and other institutional investors.

Shares of IAC/InterActiveCorp (IAC) opened at 101.04 on Friday. The firm has a 50-day moving average price of $105.24 and a 200 day moving average price of $89.60. IAC/InterActiveCorp has a 52-week low of $56.41 and a 52-week high of $114.72. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 36.11 and a beta of 1.14.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The company had revenue of $767.39 million for the quarter, compared to the consensus estimate of $758.01 million. During the same period last year, the business posted $0.42 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Analysts expect that IAC/InterActiveCorp will post $3.06 earnings per share for the current year.

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Several analysts recently weighed in on IAC shares. Barclays PLC lifted their price objective on IAC/InterActiveCorp from $82.00 to $96.00 and gave the company an “overweight” rating in a report on Tuesday, May 2nd. Jefferies Group LLC restated a “buy” rating and issued a $92.00 price objective on shares of IAC/InterActiveCorp in a report on Tuesday, May 2nd. Susquehanna Bancshares Inc restated a “positive” rating and issued a $114.00 price objective (up from $94.00) on shares of IAC/InterActiveCorp in a report on Friday, May 5th. Piper Jaffray Companies restated an “overweight” rating and issued a $130.00 price objective (up from $111.00) on shares of IAC/InterActiveCorp in a report on Sunday, May 28th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of IAC/InterActiveCorp in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have given a buy rating to the company’s stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and an average price target of $107.20.

IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.

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

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