Parkside Investments LLC cut its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,634 shares of the company’s stock after selling 733 shares during the quarter. IAC/InterActiveCorp makes up about 2.0% of Parkside Investments LLC’s investment portfolio, making the stock its 15th largest position. Parkside Investments LLC’s holdings in IAC/InterActiveCorp were worth $3,484,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in IAC/InterActiveCorp during the 1st quarter worth approximately $1,030,000. Wellington Management Group LLP purchased a new stake in IAC/InterActiveCorp in the 1st quarter worth approximately $560,000. Renaissance Technologies LLC lifted its holdings in IAC/InterActiveCorp by 282.3% in the 1st quarter. Renaissance Technologies LLC now owns 174,727 shares of the company’s stock worth $12,881,000 after buying an additional 129,027 shares during the period. State Street Corp lifted its holdings in IAC/InterActiveCorp by 2.1% in the 1st quarter. State Street Corp now owns 1,119,128 shares of the company’s stock worth $82,505,000 after buying an additional 22,620 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in IAC/InterActiveCorp in the 1st quarter worth approximately $294,000. Hedge funds and other institutional investors own 91.44% of the company’s stock.
Shares of IAC/InterActiveCorp (IAC) traded down $0.90 on Monday, hitting $124.01. The company had a trading volume of 1,995,200 shares, compared to its average volume of 740,546. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a one year low of $64.50 and a one year high of $137.86. 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 (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). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The firm had revenue of $828.40 million during the quarter, compared to the consensus estimate of $810.36 million. During the same period in the previous year, the firm earned $0.73 EPS. The business’s revenue was up 8.4% on a year-over-year basis. research analysts anticipate that IAC/InterActiveCorp will post 2.19 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the company. BidaskClub upgraded IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 2nd. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $141.00 target price on shares of IAC/InterActiveCorp in a research note on Thursday. Jefferies Group LLC restated a “buy” rating on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. UBS AG raised their target price on IAC/InterActiveCorp from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Friday. Finally, Citigroup Inc. raised their target price on IAC/InterActiveCorp to $150.00 and gave the company a “buy” rating in a research note on Friday. One 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 stock. The stock presently has an average rating of “Buy” and a consensus price target of $141.40.
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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