California Public Employees Retirement System reduced its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,376 shares of the company’s stock after selling 3,224 shares during the period. California Public Employees Retirement System owned 0.23% of IAC/InterActiveCorp worth $21,797,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IAC. Great West Life Assurance Co. Can grew its holdings in IAC/InterActiveCorp by 0.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 23,180 shares of the company’s stock worth $2,389,000 after acquiring an additional 203 shares during the period. Sei Investments Co. grew its holdings in IAC/InterActiveCorp by 221.0% during the 2nd quarter. Sei Investments Co. now owns 17,659 shares of the company’s stock worth $1,824,000 after acquiring an additional 12,157 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in IAC/InterActiveCorp by 0.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 254,744 shares of the company’s stock worth $26,300,000 after acquiring an additional 1,010 shares during the period. First Mercantile Trust Co. acquired a new stake in IAC/InterActiveCorp during the 2nd quarter worth about $193,000. Finally, ClariVest Asset Management LLC acquired a new stake in IAC/InterActiveCorp during the 2nd quarter worth about $133,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

IAC/InterActiveCorp (NASDAQ:IAC) opened at $126.97 on Thursday. IAC/InterActiveCorp has a 1 year low of $64.69 and a 1 year high of $137.86. The firm has a market cap of $10,186.51, a PE ratio of 99.40, a P/E/G ratio of 27.36 and a beta of 1.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The business had revenue of $828.40 million during the quarter, compared to the consensus estimate of $810.36 million. During the same period in the previous year, the business posted $0.73 EPS. IAC/InterActiveCorp’s revenue was up 8.4% compared to the same quarter last year. equities analysts expect that IAC/InterActiveCorp will post 0.55 earnings per share for the current year.

A number of research firms have recently issued reports on IAC. Zacks Investment Research cut shares of IAC/InterActiveCorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday. BidaskClub cut shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Evercore ISI began coverage on shares of IAC/InterActiveCorp in a research report on Tuesday, December 5th. They set an “outperform” rating and a $155.00 price objective on the stock. ValuEngine cut shares of IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Cowen reissued a “buy” rating and set a $155.00 price objective on shares of IAC/InterActiveCorp in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and an average price target of $142.05.

In other IAC/InterActiveCorp news, Director Edgar Bronfman, Jr. sold 2,289 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $122.94, for a total value of $281,409.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph Levin sold 78,500 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.83, for a total transaction of $10,113,155.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,789 shares of company stock worth $11,192,565. 11.30% of the stock is owned by insiders.

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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.

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

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