Penserra Capital Management LLC increased its position in IAC/InterActiveCorp (NASDAQ:IAC) by 294.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,977 shares of the company’s stock after buying an additional 14,170 shares during the period. IAC/InterActiveCorp accounts for about 0.8% of Penserra Capital Management LLC’s holdings, making the stock its 27th largest position. Penserra Capital Management LLC’s holdings in IAC/InterActiveCorp were worth $1,959,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of IAC. Renaissance Technologies LLC raised its stake in IAC/InterActiveCorp by 282.3% in the first quarter. Renaissance Technologies LLC now owns 174,727 shares of the company’s stock worth $12,881,000 after buying an additional 129,027 shares during the period. Oak Associates Ltd. OH increased its position in shares of IAC/InterActiveCorp by 32.0% in the first quarter. Oak Associates Ltd. OH now owns 171,423 shares of the company’s stock valued at $12,637,000 after buying an additional 41,600 shares during the last quarter. Janus Capital Management LLC increased its position in shares of IAC/InterActiveCorp by 539.0% in the first quarter. Janus Capital Management LLC now owns 26,201 shares of the company’s stock valued at $1,931,000 after buying an additional 22,101 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of IAC/InterActiveCorp during the second quarter valued at about $1,312,000. Finally, Two Sigma Securities LLC acquired a new position in shares of IAC/InterActiveCorp during the first quarter valued at about $209,000. 85.12% of the stock is owned by hedge funds and other institutional investors.
IAC/InterActiveCorp (NASDAQ IAC) opened at 104.41 on Friday. IAC/InterActiveCorp has a 52-week low of $56.64 and a 52-week high of $114.72. The stock’s 50 day moving average price is $105.53 and its 200 day moving average price is $92.27. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 37.32 and a beta of 1.14.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The firm had revenue of $767.39 million during the quarter, compared to analyst estimates of $758.01 million. During the same quarter in the prior year, the company earned $0.42 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that IAC/InterActiveCorp will post $3.06 earnings per share for the current fiscal year.
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A number of analysts recently commented on IAC shares. Jefferies Group LLC reissued a “buy” rating and set a $92.00 price objective on shares of IAC/InterActiveCorp in a report on Tuesday, May 2nd. Stifel Nicolaus cut their price objective on shares of IAC/InterActiveCorp from $103.00 to $73.00 and set a “hold” rating for the company in a research report on Thursday, May 4th. Bank of America Corporation reissued a “buy” rating and issued a $133.00 price objective on shares of IAC/InterActiveCorp in a research report on Wednesday, June 14th. Guggenheim raised shares of IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, May 5th. Finally, Barclays PLC boosted their price objective on shares of IAC/InterActiveCorp from $82.00 to $96.00 and gave the company an “overweight” rating in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have issued a buy rating to the company. IAC/InterActiveCorp has a consensus rating of “Buy” and an average target price of $108.45.
IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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