Invesco Ltd. Decreases Stake in IAC/InterActiveCorp (NASDAQ:IAC)

Invesco Ltd. lowered its position in IAC/InterActiveCorp (NASDAQ:IAC) by 70.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,082 shares of the company’s stock after selling 252,152 shares during the period. Invesco Ltd. owned about 0.13% of IAC/InterActiveCorp worth $19,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IAC. Comerica Bank grew its holdings in shares of IAC/InterActiveCorp by 5.1% in the fourth quarter. Comerica Bank now owns 2,773 shares of the company’s stock worth $696,000 after acquiring an additional 134 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of IAC/InterActiveCorp in the fourth quarter worth $274,000. National Asset Management Inc. bought a new stake in shares of IAC/InterActiveCorp in the fourth quarter worth $295,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of IAC/InterActiveCorp in the fourth quarter worth $5,480,000. Finally, Wellington Shields Capital Management LLC grew its holdings in shares of IAC/InterActiveCorp by 3.8% in the fourth quarter. Wellington Shields Capital Management LLC now owns 5,720 shares of the company’s stock worth $1,425,000 after acquiring an additional 210 shares during the period. 89.22% of the stock is owned by institutional investors.

Several analysts have issued reports on IAC shares. SunTrust Banks boosted their price target on IAC/InterActiveCorp from $275.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. UBS Group boosted their price target on IAC/InterActiveCorp from $302.00 to $354.00 in a report on Thursday, June 18th. Deutsche Bank boosted their price target on IAC/InterActiveCorp from $290.00 to $327.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. BidaskClub raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, TheStreet lowered IAC/InterActiveCorp from a “b-” rating to a “c+” rating in a report on Friday, April 3rd. Three analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $305.59.

Shares of NASDAQ IAC opened at $323.40 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.32 and a current ratio of 3.32. The business’s 50 day moving average price is $274.64 and its 200-day moving average price is $235.20. IAC/InterActiveCorp has a fifty-two week low of $124.60 and a fifty-two week high of $324.74. The company has a market cap of $27.01 billion, a price-to-earnings ratio of 294.00 and a beta of 1.19.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.28). IAC/InterActiveCorp had a return on equity of 9.24% and a net margin of 2.69%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts predict that IAC/InterActiveCorp will post 1.51 earnings per share for the current year.

About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

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

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