IAC/InterActiveCorp (IAC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 13.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,739 shares of the company’s stock after selling 14,997 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of IAC/InterActiveCorp worth $11,732,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. FNY Partners Fund LP boosted its stake in shares of IAC/InterActiveCorp by 500.8% in the third quarter. FNY Partners Fund LP now owns 8,868 shares of the company’s stock valued at $1,042,000 after purchasing an additional 7,392 shares during the period. TD Asset Management Inc. boosted its stake in shares of IAC/InterActiveCorp by 24.6% in the third quarter. TD Asset Management Inc. now owns 81,000 shares of the company’s stock valued at $9,524,000 after purchasing an additional 16,000 shares during the period. LMR Partners LLP purchased a new position in shares of IAC/InterActiveCorp in the third quarter valued at approximately $3,172,000. Turner Investments LLC purchased a new position in shares of IAC/InterActiveCorp in the third quarter valued at approximately $294,000. Finally, Pacer Advisors Inc. boosted its stake in shares of IAC/InterActiveCorp by 7.9% in the third quarter. Pacer Advisors Inc. now owns 12,653 shares of the company’s stock valued at $1,488,000 after purchasing an additional 921 shares during the period. 86.61% of the stock is owned by institutional investors.

IAC/InterActiveCorp (NASDAQ:IAC) opened at $127.00 on Friday. IAC/InterActiveCorp has a 12 month low of $64.69 and a 12 month high of $137.86. 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 $10,409.51, a P/E ratio of 101.58, a P/E/G ratio of 27.96 and a beta of 1.09.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The firm had revenue of $828.40 million during the quarter, compared to analysts’ expectations of $810.36 million. During the same quarter in the prior year, the firm earned $0.73 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. equities research analysts forecast that IAC/InterActiveCorp will post 0.55 EPS for the current fiscal year.

In other IAC/InterActiveCorp news, Director Edgar Bronfman, Jr. sold 2,289 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $122.94, for a total transaction of $281,409.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Joseph Levin sold 78,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was 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. In the last three months, insiders have sold 86,789 shares of company stock worth $11,192,565. 10.60% of the stock is owned by corporate insiders.

Several research analysts have recently commented on the stock. Citigroup set a $150.00 price objective on shares of IAC/InterActiveCorp and gave the company a “buy” rating in a research note on Friday, November 10th. Needham & Company LLC raised their price objective on shares of IAC/InterActiveCorp from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Jefferies Group reissued a “buy” rating on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. BidaskClub lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 21st. Finally, Credit Suisse Group raised their price objective on shares of IAC/InterActiveCorp from $129.00 to $151.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the stock. IAC/InterActiveCorp has an average rating of “Buy” and an average target price of $142.05.

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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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