Gateway Investment Advisers LLC reduced its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 39.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,572 shares of the company’s stock after selling 4,194 shares during the period. Gateway Investment Advisers LLC’s holdings in IAC/InterActiveCorp were worth $1,424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its position in IAC/InterActiveCorp by 16.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,927,175 shares of the company’s stock worth $598,855,000 after acquiring an additional 559,748 shares during the period. FMR LLC raised its position in IAC/InterActiveCorp by 331.1% in the second quarter. FMR LLC now owns 651,459 shares of the company’s stock worth $99,341,000 after acquiring an additional 500,359 shares during the period. Cadian Capital Management LP raised its position in IAC/InterActiveCorp by 33.4% in the second quarter. Cadian Capital Management LP now owns 1,910,237 shares of the company’s stock worth $291,292,000 after acquiring an additional 478,270 shares during the period. BlackRock Inc. raised its position in IAC/InterActiveCorp by 10.5% in the second quarter. BlackRock Inc. now owns 4,367,820 shares of the company’s stock worth $666,045,000 after acquiring an additional 415,012 shares during the period. Finally, Millennium Management LLC raised its position in IAC/InterActiveCorp by 86.6% in the second quarter. Millennium Management LLC now owns 857,052 shares of the company’s stock worth $130,692,000 after acquiring an additional 397,788 shares during the period. 86.29% of the stock is currently owned by institutional investors.

IAC has been the topic of several research reports. UBS Group lifted their price objective on shares of IAC/InterActiveCorp from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. BidaskClub lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $216.00 price objective on shares of IAC/InterActiveCorp in a research report on Friday, July 13th. Aegis lifted their price objective on shares of IAC/InterActiveCorp from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Finally, Zacks Investment Research raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $208.00 price objective on the stock in a research report on Thursday, August 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. IAC/InterActiveCorp currently has an average rating of “Buy” and a consensus target price of $211.75.

IAC opened at $195.64 on Friday. The stock has a market capitalization of $16.28 billion, a PE ratio of 254.08, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.78 and a quick ratio of 2.78. IAC/InterActiveCorp has a twelve month low of $118.83 and a twelve month high of $223.54.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, August 8th. The company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $0.82 by $1.50. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. IAC/InterActiveCorp had a net margin of 13.09% and a return on equity of 10.24%. The company’s revenue was up 38.0% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. On average, equities research analysts anticipate that IAC/InterActiveCorp will post 5.37 EPS for the current fiscal year.

In other news, CFO Glenn Schiffman sold 2,000 shares of IAC/InterActiveCorp stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $217.22, for a total value of $434,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.90% of the stock is owned by company insiders.

IAC/InterActiveCorp Company Profile

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.

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

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