IAC/InterActiveCorp (IAC) Holdings Reduced by Nationwide Fund Advisors

Nationwide Fund Advisors decreased its position in IAC/InterActiveCorp (NASDAQ:IAC) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,940 shares of the company’s stock after selling 1,405 shares during the period. Nationwide Fund Advisors owned approximately 0.13% of IAC/InterActiveCorp worth $12,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in IAC/InterActiveCorp by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock worth $607,801,000 after purchasing an additional 149,182 shares during the last quarter. BlackRock Inc. grew its position in IAC/InterActiveCorp by 2.6% in the 2nd quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock worth $338,199,000 after purchasing an additional 83,794 shares during the last quarter. Canada Pension Plan Investment Board grew its position in IAC/InterActiveCorp by 44.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,175,100 shares of the company’s stock worth $327,797,000 after purchasing an additional 975,000 shares during the last quarter. Boston Partners grew its position in IAC/InterActiveCorp by 1.9% in the 2nd quarter. Boston Partners now owns 3,050,689 shares of the company’s stock worth $314,953,000 after purchasing an additional 57,689 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in IAC/InterActiveCorp by 13.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,601,498 shares of the company’s stock worth $268,579,000 after purchasing an additional 316,034 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

IAC/InterActiveCorp (NASDAQ IAC) opened at $124.29 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a market cap of $10,190.00, a P/E ratio of 99.43, a PEG ratio of 27.37 and a beta of 1.09. IAC/InterActiveCorp has a 1-year low of $64.50 and a 1-year high of $137.86.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). The business had revenue of $828.40 million for the quarter, compared to the consensus estimate of $810.36 million. IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. analysts anticipate that IAC/InterActiveCorp will post 0.55 EPS for the current fiscal year.

IAC has been the subject of several recent analyst reports. Zacks Investment Research cut shares of IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $130.00 target price (up previously from $110.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Susquehanna Bancshares restated a “positive” rating and issued a $140.00 target price (up previously from $114.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Jefferies Group restated a “buy” rating and issued a $135.00 target price (up previously from $120.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Finally, Oppenheimer restated an “outperform” rating and issued a $127.00 target price (up previously from $120.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. IAC/InterActiveCorp has an average rating of “Buy” and a consensus price target of $141.40.

In related news, Director David S. Rosenblatt sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $133.00, for a total transaction of $798,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Levin sold 78,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.83, for a total transaction of $10,113,155.00. The disclosure for this sale can be found here. Company insiders own 10.60% of the company’s stock.

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About IAC/InterActiveCorp

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

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