Clark Capital Management Group Inc. grew its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,263 shares of the company’s stock after buying an additional 119 shares during the quarter. Clark Capital Management Group Inc.’s holdings in IAC/InterActiveCorp were worth $265,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in IAC/InterActiveCorp by 23.2% during the fourth quarter. Toronto Dominion Bank now owns 10,427 shares of the company’s stock worth $1,908,000 after acquiring an additional 1,965 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of IAC/InterActiveCorp by 3.4% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,030 shares of the company’s stock valued at $637,000 after purchasing an additional 100 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of IAC/InterActiveCorp by 72.7% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 37,430 shares of the company’s stock valued at $6,851,000 after purchasing an additional 15,760 shares during the period. APG Asset Management N.V. boosted its position in shares of IAC/InterActiveCorp by 4.2% in the 4th quarter. APG Asset Management N.V. now owns 19,800 shares of the company’s stock valued at $3,170,000 after purchasing an additional 800 shares during the period. Finally, LPL Financial LLC boosted its position in shares of IAC/InterActiveCorp by 90.4% in the 4th quarter. LPL Financial LLC now owns 5,724 shares of the company’s stock valued at $1,048,000 after purchasing an additional 2,718 shares during the period. Institutional investors own 89.78% of the company’s stock.
Shares of NASDAQ:IAC traded down $2.36 during trading on Friday, hitting $228.42. 354,188 shares of the stock were exchanged, compared to its average volume of 748,493. IAC/InterActiveCorp has a 1-year low of $144.71 and a 1-year high of $242.86. The firm has a market capitalization of $19.33 billion, a PE ratio of 40.86, a PEG ratio of 2.34 and a beta of 1.06. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.65.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.51. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. IAC/InterActiveCorp had a return on equity of 16.05% and a net margin of 14.74%. IAC/InterActiveCorp’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, sell-side analysts predict that IAC/InterActiveCorp will post 4.8 EPS for the current year.
A number of research firms recently weighed in on IAC. UBS Group increased their price target on IAC/InterActiveCorp from $265.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research upgraded IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a research report on Thursday, May 16th. Wells Fargo & Co raised their price target on IAC/InterActiveCorp from $250.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. BidaskClub downgraded IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Finally, Nomura raised their price target on IAC/InterActiveCorp from $239.00 to $282.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. IAC/InterActiveCorp currently has an average rating of “Buy” and a consensus price target of $265.82.
In related news, CFO Glenn Schiffman sold 1,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $225.00, for a total value of $225,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders sold 9,000 shares of company stock worth $1,988,500. 10.90% of the stock is owned by insiders.
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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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