Polar Capital LLP Has $16.63 Million Position in IAC/InterActiveCorp (IAC)

Polar Capital LLP boosted its stake in IAC/InterActiveCorp (NASDAQ:IAC) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,845 shares of the company’s stock after acquiring an additional 7,949 shares during the period. Polar Capital LLP owned 0.11% of IAC/InterActiveCorp worth $16,628,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Csenge Advisory Group bought a new position in shares of IAC/InterActiveCorp during the 3rd quarter worth approximately $29,000. Lindbrook Capital LLC bought a new position in shares of IAC/InterActiveCorp during the 4th quarter worth approximately $34,000. Quantamental Technologies LLC bought a new position in shares of IAC/InterActiveCorp during the 4th quarter worth approximately $43,000. Athena Capital Advisors LLC bought a new position in shares of IAC/InterActiveCorp during the 4th quarter worth approximately $64,000. Finally, Riverview Trust Co bought a new position in shares of IAC/InterActiveCorp during the 4th quarter worth approximately $92,000. Institutional investors and hedge funds own 88.63% of the company’s stock.

In related news, Director David S. Rosenblatt sold 4,528 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $220.64, for a total value of $999,057.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Glenn Schiffman sold 1,000 shares of the stock in a transaction on Friday, January 18th. The shares were sold at an average price of $200.00, for a total value of $200,000.00. The disclosure for this sale can be found here. Insiders sold a total of 10,528 shares of company stock valued at $2,222,948 over the last three months. 10.90% of the stock is currently owned by insiders.

A number of equities analysts have recently weighed in on IAC shares. Zacks Investment Research raised IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. BidaskClub lowered IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. ValuEngine raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th. Goldman Sachs Group started coverage on IAC/InterActiveCorp in a research report on Monday, February 4th. They set a “neutral” rating and a $226.00 target price on the stock. Finally, Aegis reaffirmed a “buy” rating and set a $250.00 target price on shares of IAC/InterActiveCorp in a research report on Thursday, November 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $235.54.

NASDAQ IAC opened at $207.69 on Friday. The firm has a market capitalization of $17.40 billion, a P/E ratio of 37.15, a P/E/G ratio of 2.28 and a beta of 1.09. IAC/InterActiveCorp has a 12 month low of $128.80 and a 12 month high of $223.98. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.63.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Thursday, February 7th. The company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $1.05. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. IAC/InterActiveCorp had a return on equity of 16.11% and a net margin of 14.71%. IAC/InterActiveCorp’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. Equities analysts expect that IAC/InterActiveCorp will post 4.5 EPS for the current year.

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About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

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

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