HighTower Advisors LLC lessened its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 20.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,149 shares of the company’s stock after selling 813 shares during the period. HighTower Advisors LLC’s holdings in IAC/InterActiveCorp were worth $325,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. ClariVest Asset Management LLC acquired a new stake in IAC/InterActiveCorp during the 2nd quarter valued at $133,000. FNY Partners Fund LP acquired a new stake in IAC/InterActiveCorp during the 2nd quarter valued at $152,000. First Mercantile Trust Co. acquired a new stake in IAC/InterActiveCorp during the 2nd quarter valued at $193,000. Virtu Financial LLC acquired a new stake in IAC/InterActiveCorp during the 2nd quarter valued at $201,000. Finally, Reliance Trust Co. of Delaware acquired a new stake in IAC/InterActiveCorp during the 2nd quarter valued at $202,000. Institutional investors own 85.19% of the company’s stock.

Several analysts have issued reports on IAC shares. TheStreet raised shares of IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research note on Thursday, August 3rd. UBS AG reissued a “buy” rating and set a $126.00 target price (up from $115.00) on shares of IAC/InterActiveCorp in a research note on Friday, August 4th. Wells Fargo & Company reissued a “buy” rating on shares of IAC/InterActiveCorp in a research note on Thursday, August 3rd. Aegis reissued a “buy” rating and set a $115.00 target price on shares of IAC/InterActiveCorp in a research note on Thursday, August 3rd. Finally, Cowen and Company reissued a “buy” rating and set a $115.00 target price on shares of IAC/InterActiveCorp in a research note on Sunday, July 30th. Two analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. IAC/InterActiveCorp has an average rating of “Buy” and a consensus target price of $130.63.

IAC/InterActiveCorp (NASDAQ IAC) opened at 124.72 on Friday. The firm has a market capitalization of $9.95 billion, a P/E ratio of 44.57 and a beta of 1.14. IAC/InterActiveCorp has a 52-week low of $60.39 and a 52-week high of $127.28. The firm’s 50-day moving average is $118.92 and its 200 day moving average is $104.34.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The firm had revenue of $767.39 million for the quarter, compared to analyst estimates of $758.01 million. During the same period in the previous year, the business earned $0.42 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that IAC/InterActiveCorp will post $3.08 EPS for the current year.

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About IAC/InterActiveCorp

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

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