Gamco Investors INC. ET AL cut its stake in IAC/InterActiveCorp (NASDAQ:IAC) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,445 shares of the company’s stock after selling 652 shares during the period. Gamco Investors INC. ET AL’s holdings in IAC/InterActiveCorp were worth $13,541,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC bought a new position in IAC/InterActiveCorp during the 4th quarter worth about $34,000. Quantamental Technologies LLC bought a new position in IAC/InterActiveCorp during the 4th quarter worth about $43,000. Winslow Evans & Crocker Inc. grew its holdings in IAC/InterActiveCorp by 40.3% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 216 shares of the company’s stock worth $48,000 after acquiring an additional 62 shares in the last quarter. Athena Capital Advisors LLC bought a new position in IAC/InterActiveCorp during the 4th quarter worth about $64,000. Finally, Security National Trust Co. bought a new position in IAC/InterActiveCorp during the 1st quarter worth about $84,000. Hedge funds and other institutional investors own 89.13% of the company’s stock.
Several research analysts have issued reports on IAC shares. BidaskClub upgraded shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. ValuEngine upgraded shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. Goldman Sachs Group started coverage on shares of IAC/InterActiveCorp in a report on Monday, February 4th. They set a “neutral” rating and a $226.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of IAC/InterActiveCorp to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 11th. Finally, Nomura raised their price target on shares of IAC/InterActiveCorp from $206.00 to $239.00 and gave the company a “buy” rating in a report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $251.43.
NASDAQ:IAC opened at $228.02 on Friday. IAC/InterActiveCorp has a fifty-two week low of $142.00 and a fifty-two week high of $242.86. The stock has a market capitalization of $19.10 billion, a PE ratio of 40.79, a PEG ratio of 2.68 and a beta of 1.09. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.63.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.51. IAC/InterActiveCorp had a net margin of 14.74% and a return on equity of 16.29%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $0.71 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts forecast that IAC/InterActiveCorp will post 4.22 EPS for the current year.
In related news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $213.68, for a total value of $427,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David S. Rosenblatt sold 4,528 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $220.64, for a total transaction of $999,057.92. The disclosure for this sale can be found here. Insiders sold a total of 12,528 shares of company stock worth $2,748,798 over the last 90 days. Company insiders own 10.90% of the company’s stock.
IAC/InterActiveCorp Company Profile
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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