Pictet Asset Management Ltd. trimmed its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 193,650 shares of the company’s stock after selling 50,882 shares during the quarter. Pictet Asset Management Ltd. owned approximately 0.24% of IAC/InterActiveCorp worth $22,769,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IAC. Vanguard Group Inc. lifted its position in shares of IAC/InterActiveCorp by 2.6% in the second quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock valued at $607,801,000 after acquiring an additional 149,182 shares in the last quarter. BlackRock Inc. lifted its position in shares of IAC/InterActiveCorp by 2.6% in the second quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock valued at $338,199,000 after acquiring an additional 83,794 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of IAC/InterActiveCorp by 44.3% in the second quarter. Canada Pension Plan Investment Board now owns 3,175,100 shares of the company’s stock valued at $327,797,000 after acquiring an additional 975,000 shares in the last quarter. Boston Partners lifted its position in shares of IAC/InterActiveCorp by 1.9% in the second quarter. Boston Partners now owns 3,050,689 shares of the company’s stock valued at $314,953,000 after acquiring an additional 57,689 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of IAC/InterActiveCorp by 13.8% in the second quarter. TIAA CREF Investment Management LLC now owns 2,601,498 shares of the company’s stock valued at $268,579,000 after acquiring an additional 316,034 shares in the last quarter. Institutional investors own 91.44% of the company’s stock.
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Shares of IAC/InterActiveCorp (NASDAQ:IAC) opened at $123.67 on Tuesday. IAC/InterActiveCorp has a 1 year low of $64.50 and a 1 year high of $137.86. The company has a market capitalization of $9,420.00, a P/E ratio of 99.21, a P/E/G ratio of 6.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07.
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 the consensus estimate of $0.69 by ($0.14). The firm had revenue of $828.40 million for the quarter, compared to analyst estimates of $810.36 million. IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 earnings per share. equities analysts anticipate that IAC/InterActiveCorp will post 2.19 earnings per share for the current year.
Several brokerages have recently issued reports on IAC. Barclays PLC restated an “overweight” rating and issued a $130.00 price objective (up from $105.00) on shares of IAC/InterActiveCorp in a research report on Friday, August 4th. Piper Jaffray Companies increased their target price on IAC/InterActiveCorp to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Aegis reiterated a “buy” rating and set a $125.00 target price (up from $115.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, August 15th. Citigroup Inc. set a $150.00 price target on IAC/InterActiveCorp and gave the stock a “buy” rating in a research note on Friday. Finally, Needham & Company LLC upped their price target on IAC/InterActiveCorp from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $141.40.
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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