Riverhead Capital Management LLC lessened its holdings in IAC/InterActiveCorp (NASDAQ:IAC) by 45.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,514 shares of the company’s stock after selling 10,622 shares during the period. Riverhead Capital Management LLC’s holdings in IAC/InterActiveCorp were worth $2,629,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale lifted its stake in shares of IAC/InterActiveCorp by 1.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,103 shares of the company’s stock valued at $879,000 after purchasing an additional 49 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in shares of IAC/InterActiveCorp by 40.3% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 216 shares of the company’s stock valued at $48,000 after purchasing an additional 62 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of IAC/InterActiveCorp by 6.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,132 shares of the company’s stock valued at $207,000 after purchasing an additional 69 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of IAC/InterActiveCorp by 1.7% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,688 shares of the company’s stock valued at $984,000 after purchasing an additional 80 shares during the last quarter. Finally, Utah Retirement Systems lifted its stake in shares of IAC/InterActiveCorp by 0.7% in the 4th quarter. Utah Retirement Systems now owns 13,908 shares of the company’s stock valued at $2,546,000 after purchasing an additional 100 shares during the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

IAC has been the topic of several recent analyst reports. ValuEngine upgraded shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. BidaskClub upgraded shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. lifted their target price on shares of IAC/InterActiveCorp from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Aegis reiterated a “buy” rating and issued a $300.00 target price (up previously from $250.00) on shares of IAC/InterActiveCorp in a report on Wednesday, March 20th. Finally, JMP Securities downgraded shares of IAC/InterActiveCorp from an “outperform” rating to a “market perform” rating and set a $228.02 target price on the stock. in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $265.82.

In related news, CFO Glenn Schiffman sold 1,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $225.00, for a total value of $225,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 9,000 shares of company stock worth $1,988,500. Insiders own 10.90% of the company’s stock.

NASDAQ:IAC opened at $228.42 on Friday. IAC/InterActiveCorp has a 52-week low of $144.71 and a 52-week high of $242.86. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.65. The stock has a market cap of $19.14 billion, a PE ratio of 40.86, a P/E/G ratio of 2.34 and a beta of 1.06.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.51. IAC/InterActiveCorp had a net margin of 14.74% and a return on equity of 16.05%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. On average, research analysts expect that IAC/InterActiveCorp will post 4.8 earnings per share for the current year.

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IAC/InterActiveCorp Profile

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

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

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