IAC/InterActiveCorp (IAC) Position Cut by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY lessened its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 5.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,700 shares of the company’s stock after selling 3,450 shares during the quarter. Paradigm Capital Management Inc. NY owned about 0.07% of IAC/InterActiveCorp worth $6,784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of IAC. Vanguard Group Inc. grew its holdings in IAC/InterActiveCorp by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock valued at $607,801,000 after buying an additional 149,182 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of IAC/InterActiveCorp by 6.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,383,327 shares of the company’s stock worth $397,812,000 after purchasing an additional 208,227 shares during the period. BlackRock Inc. boosted its holdings in shares of 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 period. Boston Partners boosted its holdings in shares of IAC/InterActiveCorp by 0.8% in the 3rd quarter. Boston Partners now owns 3,074,055 shares of the company’s stock worth $361,448,000 after purchasing an additional 23,366 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of 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 period. 85.43% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on IAC shares. TheStreet upgraded IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a report on Thursday, August 3rd. UBS AG reiterated a “buy” rating and issued a $126.00 target price (up previously from $115.00) on shares of IAC/InterActiveCorp in a report on Friday, August 4th. Wells Fargo & Company reiterated a “buy” rating on shares of IAC/InterActiveCorp in a report on Thursday, August 3rd. Aegis reiterated a “buy” rating and issued a $115.00 target price on shares of IAC/InterActiveCorp in a report on Thursday, August 3rd. Finally, Cowen and Company reiterated a “buy” rating and issued a $115.00 target price on shares of IAC/InterActiveCorp in a report on Sunday, July 30th. One 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’s stock. The company currently has a consensus rating of “Buy” and an average target price of $141.40.

IAC/InterActiveCorp (IAC) traded down $0.90 on Friday, hitting $124.01. The stock had a trading volume of 1,995,200 shares, compared to its average volume of 809,216. The company has a market cap of $9,890.17, a price-to-earnings ratio of 99.21, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.72. IAC/InterActiveCorp has a 52-week low of $64.50 and a 52-week high of $137.86.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.70% and a net margin of 11.81%. The business had revenue of $828.40 million for the quarter, compared to analysts’ expectations of $810.36 million. During the same quarter last year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. research analysts forecast that IAC/InterActiveCorp will post 2.19 earnings per share for the current fiscal year.

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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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