Hall Laurie J Trustee lifted its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 32.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 225 shares of the company’s stock after purchasing an additional 55 shares during the quarter. Hall Laurie J Trustee’s holdings in IAC/InterActiveCorp were worth $49,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Perigon Wealth Management LLC acquired a new position in IAC/InterActiveCorp during the 4th quarter worth approximately $25,000. Tacita Capital Inc acquired a new position in shares of IAC/InterActiveCorp in the 4th quarter valued at approximately $27,000. TRU Independence Asset Management 2 LLC acquired a new position in shares of IAC/InterActiveCorp in the 4th quarter valued at approximately $27,000. Encompass Wealth Advisors LLC bought a new stake in shares of IAC/InterActiveCorp in the 4th quarter valued at approximately $27,000. Finally, Freedman Financial Associates Inc. bought a new position in IAC/InterActiveCorp during the 4th quarter worth $35,000. Institutional investors and hedge funds own 82.71% of the company’s stock.
Shares of IAC stock opened at $248.39 on Monday. IAC/InterActiveCorp has a 12 month low of $100.22 and a 12 month high of $266.00. The stock has a 50 day moving average of $235.28 and a two-hundred day moving average of $186.69.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, February 3rd. The company reported $5.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $6.11. The company had revenue of $848.82 million for the quarter, compared to the consensus estimate of $816.45 million. IAC/InterActiveCorp’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.05 EPS. On average, equities research analysts forecast that IAC/InterActiveCorp will post -0.73 EPS for the current year.
Several brokerages have recently weighed in on IAC. Deutsche Bank Aktiengesellschaft upped their price objective on IAC/InterActiveCorp from $230.00 to $265.00 and gave the company a “buy” rating in a report on Friday, February 5th. Zacks Investment Research lowered IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 13th. JPMorgan Chase & Co. upped their target price on IAC/InterActiveCorp from $195.00 to $225.00 in a research report on Tuesday, January 26th. Wells Fargo & Company upped their target price on IAC/InterActiveCorp from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 28th. Finally, Cowen upped their target price on IAC/InterActiveCorp from $265.00 to $300.00 in a research report on Wednesday, April 7th. Three research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. IAC/InterActiveCorp currently has a consensus rating of “Buy” and an average target price of $234.58.
IAC/InterActiveCorp operates as a media and internet company worldwide. The company offers digital marketplace service which connects consumers with service professionals for repairing, remodeling, cleaning, and landscaping solutions under the HomeAdvisor, Angie's List, and Handy brands; Vimeo, a cloud-based software platform for professionals, teams, and organizations to create, collaborate, and communicate with video; and Dotdash, a portfolio of digital publishing brands that provides information and inspiration in select vertical content categories, as well as provides original and engaging digital content in a various formats, including articles, illustrations, videos, and images.
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