IAC/InterActiveCorp (IAC) Holdings Boosted by Strs Ohio
Strs Ohio grew its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 1,858.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,707 shares of the company’s stock after purchasing an additional 16,803 shares during the period. Strs Ohio’s holdings in IAC/InterActiveCorp were worth $2,700,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of IAC/InterActiveCorp in the 2nd quarter worth approximately $12,722,000. Aperio Group LLC grew its holdings in shares of IAC/InterActiveCorp by 8.8% in the 2nd quarter. Aperio Group LLC now owns 39,445 shares of the company’s stock worth $6,015,000 after acquiring an additional 3,186 shares during the period. TD Asset Management Inc. grew its holdings in shares of IAC/InterActiveCorp by 6.4% in the 2nd quarter. TD Asset Management Inc. now owns 98,934 shares of the company’s stock worth $15,086,000 after acquiring an additional 5,994 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of IAC/InterActiveCorp by 8.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 257,291 shares of the company’s stock worth $39,234,000 after acquiring an additional 20,817 shares during the period. Finally, First Manhattan Co. grew its holdings in shares of IAC/InterActiveCorp by 39.1% in the 2nd quarter. First Manhattan Co. now owns 917,744 shares of the company’s stock worth $139,946,000 after acquiring an additional 258,141 shares during the period. Institutional investors own 88.47% of the company’s stock.
IAC has been the topic of a number of research reports. Zacks Investment Research upgraded IAC/InterActiveCorp from a “hold” rating to a “strong-buy” rating and set a $168.00 price target on the stock in a report on Friday, May 18th. Deutsche Bank initiated coverage on IAC/InterActiveCorp in a report on Wednesday, May 30th. They issued a “buy” rating and a $189.35 price target on the stock. Jefferies Financial Group lowered their price target on IAC/InterActiveCorp from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, May 2nd. BidaskClub cut IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, Barclays restated a “buy” rating and issued a $178.00 price target on shares of IAC/InterActiveCorp in a report on Tuesday, May 8th. One analyst has rated the stock with a sell rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. IAC/InterActiveCorp presently has an average rating of “Buy” and an average price target of $197.18.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, August 8th. The company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $1.50. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. IAC/InterActiveCorp had a return on equity of 10.24% and a net margin of 13.09%. IAC/InterActiveCorp’s quarterly revenue was up 38.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. equities research analysts forecast that IAC/InterActiveCorp will post 5.19 earnings per share for the current year.
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.
Featured Story: Understanding Average Daily Trade Volume
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).
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.