Teachers Advisors LLC grew its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,517,531 shares of the company’s stock after purchasing an additional 122,949 shares during the quarter. Teachers Advisors LLC owned approximately 1.92% of IAC/InterActiveCorp worth $156,670,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in IAC. BlackRock Inc. increased its position in shares of IAC/InterActiveCorp by 25,135.6% during the 1st quarter. BlackRock Inc. now owns 3,192,055 shares of the company’s stock valued at $235,319,000 after purchasing an additional 3,179,406 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of IAC/InterActiveCorp by 44.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,175,100 shares of the company’s stock valued at $327,797,000 after purchasing an additional 975,000 shares during the last quarter. First Manhattan Co. increased its position in shares of IAC/InterActiveCorp by 11,770.5% during the 2nd quarter. First Manhattan Co. now owns 563,850 shares of the company’s stock valued at $58,211,000 after purchasing an additional 559,100 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of IAC/InterActiveCorp by 215.6% during the 2nd quarter. Acadian Asset Management LLC now owns 503,578 shares of the company’s stock valued at $51,986,000 after purchasing an additional 344,024 shares during the last quarter. Finally, GMT Capital Corp purchased a new stake in shares of IAC/InterActiveCorp during the 1st quarter valued at $20,472,000. 85.20% of the stock is owned by hedge funds and other institutional investors.
Shares of IAC/InterActiveCorp (IAC) traded up 0.75% during mid-day trading on Tuesday, hitting $117.59. The stock had a trading volume of 180,737 shares. IAC/InterActiveCorp has a 12 month low of $56.91 and a 12 month high of $119.53. The stock’s 50-day moving average is $107.00 and its 200 day moving average is $94.95. The company has a market cap of $9.38 billion, a PE ratio of 42.03 and a beta of 1.13.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.24. The business had revenue of $767.39 million during the quarter, compared to analysts’ expectations of $758.01 million. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share. On average, equities research analysts forecast that IAC/InterActiveCorp will post $3.07 earnings per share for the current fiscal year.
IAC has been the subject of several research analyst reports. TheStreet raised IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research report on Thursday, August 3rd. Wells Fargo & Company reissued a “buy” rating on shares of IAC/InterActiveCorp in a report on Thursday, August 3rd. Cowen and Company reissued a “buy” rating and issued a $115.00 price objective on shares of IAC/InterActiveCorp in a report on Sunday, July 30th. Bank of America Corporation reissued a “buy” rating and issued a $133.00 price objective on shares of IAC/InterActiveCorp in a report on Wednesday, June 14th. Finally, UBS AG reissued a “buy” rating and issued a $126.00 price objective (up previously from $115.00) on shares of IAC/InterActiveCorp in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and a consensus target price of $108.45.
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.
Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.