TIAA CREF Investment Management LLC reduced its position in IAC/InterActiveCorp (NASDAQ:IAC) by 3.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,365,114 shares of the company’s stock after selling 85,805 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in IAC/InterActiveCorp were worth $289,206,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Columbus Circle Investors boosted its position in shares of IAC/InterActiveCorp by 6.6% during the 3rd quarter. Columbus Circle Investors now owns 237,228 shares of the company’s stock worth $27,893,000 after purchasing an additional 14,647 shares in the last quarter. First Manhattan Co. boosted its position in shares of IAC/InterActiveCorp by 0.7% during the 4th quarter. First Manhattan Co. now owns 618,786 shares of the company’s stock worth $75,665,000 after purchasing an additional 4,331 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of IAC/InterActiveCorp during the 3rd quarter worth $2,940,000. Pacific Grove Capital LP purchased a new stake in shares of IAC/InterActiveCorp during the 3rd quarter worth $3,682,000. Finally, Barings LLC purchased a new stake in shares of IAC/InterActiveCorp during the 3rd quarter worth $1,071,000. 87.58% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on the stock. Wells Fargo & Co restated a “buy” rating and set a $185.00 target price on shares of IAC/InterActiveCorp in a research report on Friday, March 9th. Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine lowered shares of IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Credit Suisse Group restated a “buy” rating and set a $151.00 target price on shares of IAC/InterActiveCorp in a research report on Tuesday, January 9th. Finally, Jefferies Group boosted their target price on shares of IAC/InterActiveCorp to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $162.86.
IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, February 7th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.12. The company had revenue of $950.59 million for the quarter, compared to analyst estimates of $894.74 million. IAC/InterActiveCorp had a net margin of 9.22% and a return on equity of 2.42%. equities research analysts predict that IAC/InterActiveCorp will post 3.93 earnings per share for the current year.
In other IAC/InterActiveCorp news, EVP Mark J. Stein sold 26,887 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $126.68, for a total value of $3,406,045.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gregg Winiarski sold 62,253 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $127.19, for a total transaction of $7,917,959.07. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by corporate insiders.
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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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