Huntington National Bank decreased its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 17.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 250 shares of the company’s stock after selling 53 shares during the period. Huntington National Bank’s holdings in IAC/InterActiveCorp were worth $53,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of IAC. Morgan Stanley boosted its stake in IAC/InterActiveCorp by 153.4% during the third quarter. Morgan Stanley now owns 1,471,397 shares of the company’s stock valued at $318,880,000 after buying an additional 890,730 shares during the period. Norges Bank bought a new stake in IAC/InterActiveCorp during the fourth quarter worth about $152,540,000. BlackRock Inc. lifted its stake in IAC/InterActiveCorp by 16.8% during the fourth quarter. BlackRock Inc. now owns 5,259,290 shares of the company’s stock worth $962,663,000 after purchasing an additional 756,555 shares during the last quarter. First Manhattan Co. lifted its stake in IAC/InterActiveCorp by 25.8% during the fourth quarter. First Manhattan Co. now owns 1,183,878 shares of the company’s stock worth $216,697,000 after purchasing an additional 242,519 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in IAC/InterActiveCorp by 1,518.7% during the fourth quarter. Bank of Montreal Can now owns 186,852 shares of the company’s stock worth $34,201,000 after purchasing an additional 175,309 shares during the last quarter. 89.37% of the stock is owned by institutional investors.
In related news, Director David S. Rosenblatt sold 4,528 shares of the business’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $220.64, for a total transaction of $999,057.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Glenn Schiffman sold 2,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $211.22, for a total value of $422,440.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,528 shares of company stock valued at $2,466,478. 10.90% of the stock is currently owned by corporate insiders.
Several equities research analysts have issued reports on IAC shares. Nomura lifted their price target on IAC/InterActiveCorp from $206.00 to $239.00 and gave the stock a “buy” rating in a research note on Monday, February 11th. Zacks Investment Research lowered IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research note on Tuesday. Aegis reaffirmed a “buy” rating and set a $300.00 price target (up previously from $250.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, March 20th. BidaskClub raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 28th. Finally, Oppenheimer lifted their price target on IAC/InterActiveCorp from $275.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $240.83.
NASDAQ IAC opened at $217.05 on Thursday. IAC/InterActiveCorp has a 1-year low of $128.80 and a 1-year high of $224.63. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.13 and a quick ratio of 3.13. The stock has a market capitalization of $18.10 billion, a PE ratio of 38.83, a P/E/G ratio of 2.54 and a beta of 1.08.
IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Thursday, February 7th. The company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $1.05. IAC/InterActiveCorp had a return on equity of 16.11% and a net margin of 14.71%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company posted $0.37 EPS. IAC/InterActiveCorp’s revenue for the quarter was up 16.1% on a year-over-year basis. Equities research analysts forecast that IAC/InterActiveCorp will post 4.22 earnings per share for the current year.
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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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