IAC/InterActiveCorp (IAC) Position Trimmed by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 9.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,269 shares of the company’s stock after selling 7,033 shares during the period. Gamco Investors INC. ET AL owned 0.09% of IAC/InterActiveCorp worth $8,027,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its position in IAC/InterActiveCorp by 0.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,676 shares of the company’s stock valued at $689,000 after buying an additional 25 shares during the last quarter. US Bancorp DE boosted its position in IAC/InterActiveCorp by 0.6% in the 2nd quarter. US Bancorp DE now owns 5,261 shares of the company’s stock valued at $543,000 after buying an additional 30 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in IAC/InterActiveCorp by 1.9% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 5,620 shares of the company’s stock valued at $581,000 after buying an additional 104 shares during the last quarter. Keybank National Association OH boosted its position in IAC/InterActiveCorp by 1.7% in the 2nd quarter. Keybank National Association OH now owns 8,987 shares of the company’s stock valued at $928,000 after buying an additional 150 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in IAC/InterActiveCorp by 0.6% in the 2nd quarter. Voya Investment Management LLC now owns 26,908 shares of the company’s stock valued at $2,778,000 after buying an additional 150 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Shares of IAC/InterActiveCorp (NASDAQ:IAC) opened at $124.01 on Friday. The company has a market capitalization of $9,890.17, a price-to-earnings ratio of 99.21, a P/E/G ratio of 6.80 and a beta of 1.12. IAC/InterActiveCorp has a 12 month low of $64.50 and a 12 month high of $137.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.94 and a current ratio of 2.94.

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

A number of research analysts have commented on the company. UBS AG increased their price objective on IAC/InterActiveCorp from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Friday. Barclays PLC increased their price objective on IAC/InterActiveCorp from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday. Credit Suisse Group raised their price target on IAC/InterActiveCorp from $129.00 to $151.00 and gave the stock an “outperform” rating in a research report on Friday. Bank of America Corporation raised their price target on IAC/InterActiveCorp from $150.00 to $166.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Citigroup Inc. raised their price target on IAC/InterActiveCorp to $150.00 and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. IAC/InterActiveCorp currently has a consensus rating of “Buy” and a consensus price target of $141.40.

WARNING: “IAC/InterActiveCorp (IAC) Position Trimmed by Gamco Investors INC. ET AL” was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.themarketsdaily.com/2017/11/12/iacinteractivecorp-iac-position-trimmed-by-gamco-investors-inc-et-al.html.

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.

Want to see what other hedge funds are holding IAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IAC/InterActiveCorp (NASDAQ:IAC).

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

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.

Latest News

Leave a Reply