Marco Investment Management LLC decreased its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,084 shares of the company’s stock after selling 1,450 shares during the quarter. Marco Investment Management LLC’s holdings in IAC/InterActiveCorp were worth $1,995,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Legal & General Group Plc grew its position in shares of IAC/InterActiveCorp by 16.2% during the 2nd quarter. Legal & General Group Plc now owns 328,071 shares of the company’s stock worth $50,036,000 after buying an additional 45,728 shares during the period. Janus Henderson Group PLC grew its position in shares of IAC/InterActiveCorp by 46.6% during the 2nd quarter. Janus Henderson Group PLC now owns 880,717 shares of the company’s stock worth $134,305,000 after buying an additional 280,132 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of IAC/InterActiveCorp by 43.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 17,997 shares of the company’s stock worth $2,744,000 after buying an additional 5,415 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of IAC/InterActiveCorp during the 2nd quarter worth approximately $855,000. Finally, BlackRock Inc. grew its position in shares of IAC/InterActiveCorp by 10.5% during the 2nd quarter. BlackRock Inc. now owns 4,367,820 shares of the company’s stock worth $666,045,000 after buying an additional 415,012 shares during the period. Institutional investors own 86.82% of the company’s stock.
IAC has been the subject of a number of analyst reports. Benchmark boosted their price objective on shares of IAC/InterActiveCorp from $176.00 to $182.00 in a report on Friday, May 11th. Jefferies Financial Group upgraded shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Monday, June 11th. They noted that the move was a valuation call. Deutsche Bank initiated coverage on shares of IAC/InterActiveCorp in a report on Wednesday, May 30th. They set a “buy” rating and a $189.35 price objective for the company. Deutsche Bank initiated coverage on shares of IAC/InterActiveCorp in a report on Wednesday, May 30th. They set a “buy” rating and a $189.35 price objective for the company. Finally, Barclays restated a “buy” rating and set a $178.00 price objective on shares of IAC/InterActiveCorp in a report on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $197.18.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, August 8th. The company reported $2.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $1.50. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. IAC/InterActiveCorp had a net margin of 13.09% and a return on equity of 10.24%. The business’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. equities research analysts predict that IAC/InterActiveCorp will post 5.19 EPS for the current fiscal year.
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.
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