BNP Paribas Arbitrage SA grew its stake in IAC/InterActiveCorp (NASDAQ:IAC) by 8,881.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,774 shares of the company’s stock after purchasing an additional 233,149 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.30% of IAC/InterActiveCorp worth $27,722,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of IAC. BlackRock Inc. raised its position in shares of IAC/InterActiveCorp by 25,135.6% in the first quarter. BlackRock Inc. now owns 3,192,055 shares of the company’s stock valued at $235,319,000 after purchasing an additional 3,179,406 shares during the period. Canada Pension Plan Investment Board raised its position in shares of IAC/InterActiveCorp by 44.3% in the second quarter. Canada Pension Plan Investment Board now owns 3,175,100 shares of the company’s stock valued at $327,797,000 after purchasing an additional 975,000 shares during the period. Capital Research Global Investors bought a new position in shares of IAC/InterActiveCorp in the second quarter valued at about $94,773,000. Steadfast Capital Management LP raised its position in shares of IAC/InterActiveCorp by 56.3% in the second quarter. Steadfast Capital Management LP now owns 2,411,372 shares of the company’s stock valued at $248,950,000 after purchasing an additional 868,790 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of IAC/InterActiveCorp by 359.0% in the second quarter. Renaissance Technologies LLC now owns 802,027 shares of the company’s stock valued at $82,801,000 after purchasing an additional 627,300 shares during the period. 85.43% of the stock is currently owned by institutional investors.
IAC/InterActiveCorp (NASDAQ IAC) traded down $0.90 on Friday, hitting $124.01. 1,995,200 shares of the stock were exchanged, compared to its average volume of 740,546. IAC/InterActiveCorp has a one year low of $64.50 and a one year high of $137.86. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.72. The firm has a market cap of $9,961.95, a P/E ratio of 99.93, a P/E/G ratio of 6.84 and a beta of 1.12.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.14). IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.70%. The company had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. During the same quarter in the previous year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. equities analysts predict that IAC/InterActiveCorp will post 2.19 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $141.00 price target on shares of IAC/InterActiveCorp in a research report on Thursday. Citigroup Inc. raised their price target on shares of IAC/InterActiveCorp to $150.00 and gave the stock a “buy” rating in a research report on Friday. UBS AG raised their price target on shares of IAC/InterActiveCorp from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday. Barclays PLC raised their price target on shares of IAC/InterActiveCorp from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Cowen and Company reaffirmed a “buy” rating and set a $155.00 price target on shares of IAC/InterActiveCorp in a research report on Friday. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $141.40.
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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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