Oakbrook Investments LLC purchased a new position in shares of IAC/InterActiveCorp (NASDAQ:IAC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,319 shares of the company’s stock, valued at approximately $273,000.
Other large investors have also modified their holdings of the company. ClariVest Asset Management LLC acquired a new stake in shares of IAC/InterActiveCorp during the 2nd quarter worth approximately $133,000. FNY Partners Fund LP acquired a new stake in shares of IAC/InterActiveCorp during the 2nd quarter worth approximately $152,000. First Mercantile Trust Co. acquired a new stake in shares of IAC/InterActiveCorp during the 2nd quarter worth approximately $193,000. Virtu Financial LLC acquired a new stake in shares of IAC/InterActiveCorp during the 2nd quarter worth approximately $201,000. Finally, Reliance Trust Co. of Delaware acquired a new stake in shares of IAC/InterActiveCorp during the 2nd quarter worth approximately $202,000. Institutional investors own 85.36% of the company’s stock.
A number of research analysts recently issued reports on the stock. Barclays PLC boosted their price objective on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, October 23rd. Cowen and Company restated a “buy” rating and set a $115.00 price objective on shares of IAC/InterActiveCorp in a report on Sunday, July 30th. BidaskClub cut shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 16th. Benchmark Co. boosted their price objective on shares of IAC/InterActiveCorp from $135.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, September 21st. Finally, Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. IAC/InterActiveCorp currently has an average rating of “Buy” and a consensus price target of $132.10.
IAC/InterActiveCorp (NASDAQ:IAC) opened at 126.10 on Monday. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 45.07 and a beta of 1.14. The stock has a 50 day moving average of $120.17 and a 200 day moving average of $106.10. IAC/InterActiveCorp has a 12 month low of $60.39 and a 12 month high of $127.28.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $767.39 million for the quarter, compared to analysts’ expectations of $758.01 million. During the same period in the previous year, the business posted $0.42 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that IAC/InterActiveCorp will post $3.08 EPS for the current fiscal year.
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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.
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