Altshuler Shaham Ltd bought a new position in shares of IAC/InterActiveCorp (NASDAQ:IAC) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 1,274 shares of the company’s stock, valued at approximately $276,000.
Several other institutional investors also recently bought and sold shares of IAC. Northern Trust Corp lifted its stake in IAC/InterActiveCorp by 3.0% in the 1st quarter. Northern Trust Corp now owns 595,965 shares of the company’s stock valued at $128,914,000 after acquiring an additional 17,293 shares in the last quarter. Geode Capital Management LLC raised its position in shares of IAC/InterActiveCorp by 10.6% during the first quarter. Geode Capital Management LLC now owns 989,727 shares of the company’s stock worth $213,807,000 after acquiring an additional 94,842 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of IAC/InterActiveCorp by 19.9% during the first quarter. Pinnacle Associates Ltd. now owns 191,714 shares of the company’s stock worth $41,470,000 after acquiring an additional 31,868 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in IAC/InterActiveCorp by 66.6% during the first quarter. Ensign Peak Advisors Inc now owns 12,035 shares of the company’s stock worth $2,603,000 after purchasing an additional 4,813 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in IAC/InterActiveCorp by 135.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,000 shares of the company’s stock valued at $8,652,000 after acquiring an additional 23,000 shares during the period. Institutional investors own 86.19% of the company’s stock.
A number of brokerages recently commented on IAC. BTIG Research lowered IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a report on Thursday, May 27th. They noted that the move was a valuation call. Zacks Investment Research lowered IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research note on Friday, May 7th. Wedbush lowered their target price on IAC/InterActiveCorp from $276.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 26th. Credit Suisse Group boosted their target price on IAC/InterActiveCorp from $253.00 to $291.00 and gave the company an “outperform” rating in a research note on Thursday, May 6th. Finally, Barclays boosted their target price on IAC/InterActiveCorp from $270.00 to $290.00 in a research note on Monday, May 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. IAC/InterActiveCorp currently has a consensus rating of “Buy” and an average price target of $221.87.
IAC opened at $152.03 on Thursday. The business has a 50-day moving average price of $212.97. IAC/InterActiveCorp has a 12-month low of $66.81 and a 12-month high of $179.12. The stock has a market cap of $12.67 billion and a PE ratio of 15.26.
IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Thursday, May 6th. The company reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $3.95. The company had revenue of $876.00 million during the quarter, compared to the consensus estimate of $824.48 million. During the same period last year, the firm posted ($2.49) EPS. The company’s revenue was up 28.1% on a year-over-year basis. On average, equities analysts anticipate that IAC/InterActiveCorp will post -2.84 earnings per share for the current fiscal year.
IAC/InterActiveCorp Profile
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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