Tower View Investment Management & Research LLC raised its holdings in IAC/InterActiveCorp (NASDAQ:IAC) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,010 shares of the company’s stock after purchasing an additional 95 shares during the period. Tower View Investment Management & Research LLC’s holdings in IAC/InterActiveCorp were worth $1,090,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp increased its stake in IAC/InterActiveCorp by 31.1% during the fourth quarter. Stifel Financial Corp now owns 13,004 shares of the company’s stock worth $2,371,000 after acquiring an additional 3,085 shares during the last quarter. Geode Capital Management LLC increased its position in shares of IAC/InterActiveCorp by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 732,502 shares of the company’s stock worth $133,985,000 after purchasing an additional 41,411 shares in the last quarter. MML Investors Services LLC increased its position in shares of IAC/InterActiveCorp by 78.1% during the fourth quarter. MML Investors Services LLC now owns 1,767 shares of the company’s stock worth $323,000 after purchasing an additional 775 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of IAC/InterActiveCorp by 27.5% during the fourth quarter. Macquarie Group Ltd. now owns 63,347 shares of the company’s stock worth $11,595,000 after purchasing an additional 13,662 shares in the last quarter. Finally, CI Investments Inc. acquired a new position in shares of IAC/InterActiveCorp during the fourth quarter worth $412,000. 89.50% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on the company. JMP Securities assumed coverage on Zoom Video Communications in a research report on Monday, May 13th. They issued a “market perform” rating and a $79.63 target price on the stock. BidaskClub downgraded YY from a “sell” rating to a “strong sell” rating in a research report on Tuesday. ValuEngine raised ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Zacks Investment Research downgraded Bancorp from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Benchmark reissued a “buy” rating and issued a $18.00 target price on shares of TEGNA in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. IAC/InterActiveCorp has a consensus rating of “Buy” and an average target price of $266.77.
In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $224.98, for a total value of $674,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 9,000 shares of company stock worth $2,007,440 over the last ninety days. 11.50% of the stock is currently owned by corporate insiders.
IAC traded up $0.88 during midday trading on Friday, hitting $244.23. 12,741 shares of the company were exchanged, compared to its average volume of 482,120. The business has a 50 day moving average of $228.45. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 43.68, a price-to-earnings-growth ratio of 2.49 and a beta of 0.96. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.65. IAC/InterActiveCorp has a 1-year low of $144.71 and a 1-year high of $245.23.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.51. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. IAC/InterActiveCorp had a return on equity of 16.05% and a net margin of 14.74%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. On average, research analysts anticipate that IAC/InterActiveCorp will post 4.8 EPS for the current fiscal year.
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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