Itau Unibanco Holding S.A. Decreases Holdings in IAC/InterActiveCorp (IAC)

Share on StockTwits

Itau Unibanco Holding S.A. lessened its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 67.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,581 shares of the company’s stock after selling 3,256 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in IAC/InterActiveCorp were worth $241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Inverness Counsel LLC NY grew its stake in shares of IAC/InterActiveCorp by 417.9% in the second quarter. Inverness Counsel LLC NY now owns 139,705 shares of the company’s stock worth $21,304,000 after purchasing an additional 112,732 shares during the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of IAC/InterActiveCorp in the second quarter worth $244,000. BBT Capital Management LLC bought a new stake in shares of IAC/InterActiveCorp in the second quarter worth $3,050,000. Canada Pension Plan Investment Board grew its stake in shares of IAC/InterActiveCorp by 16.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,927,175 shares of the company’s stock worth $598,855,000 after purchasing an additional 559,748 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of IAC/InterActiveCorp by 43.0% in the second quarter. Oppenheimer & Co. Inc. now owns 17,997 shares of the company’s stock worth $2,744,000 after purchasing an additional 5,415 shares during the last quarter. 86.82% of the stock is currently owned by hedge funds and other institutional investors.

IAC has been the topic of several analyst reports. Zacks Investment Research cut shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Benchmark boosted their price objective on shares of IAC/InterActiveCorp from $176.00 to $182.00 in a research note on Friday, May 11th. Jefferies Financial Group raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Monday, June 11th. They noted that the move was a valuation call. JPMorgan Chase & Co. boosted their price objective on shares of IAC/InterActiveCorp from $186.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. Finally, BidaskClub cut shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $199.75.

IAC stock opened at $195.50 on Friday. The firm has a market capitalization of $16.28 billion, a P/E ratio of 253.90, a PEG ratio of 2.52 and a beta of 1.29. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.61. IAC/InterActiveCorp has a 12-month low of $112.34 and a 12-month high of $204.58.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, August 8th. The company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $1.50. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. IAC/InterActiveCorp had a net margin of 13.09% and a return on equity of 10.24%. IAC/InterActiveCorp’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. equities analysts anticipate that IAC/InterActiveCorp will post 5.18 earnings per share for the current fiscal year.

IAC/InterActiveCorp Profile

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

Read More: Fundamental Analysis – How It Helps Investors

Want to see what other hedge funds are holding IAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IAC/InterActiveCorp (NASDAQ:IAC).

Institutional Ownership by Quarter for IAC/InterActiveCorp (NASDAQ:IAC)

Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply