US Bancorp DE Acquires 30 Shares of IAC/InterActiveCorp (IAC)
US Bancorp DE raised its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 5,261 shares of the company’s stock after buying an additional 30 shares during the period. US Bancorp DE’s holdings in IAC/InterActiveCorp were worth $543,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in IAC. Creative Planning increased its stake in shares of IAC/InterActiveCorp by 0.6% in the first quarter. Creative Planning now owns 1,687 shares of the company’s stock worth $124,000 after buying an additional 10 shares during the period. Bank of Montreal Can increased its stake in shares of IAC/InterActiveCorp by 21.9% in the first quarter. Bank of Montreal Can now owns 4,742 shares of the company’s stock worth $350,000 after buying an additional 851 shares during the period. Bollard Group LLC increased its stake in shares of IAC/InterActiveCorp by 13.3% in the first quarter. Bollard Group LLC now owns 25,614 shares of the company’s stock worth $1,888,000 after buying an additional 3,000 shares during the period. Douglas Lane & Associates LLC increased its stake in shares of IAC/InterActiveCorp by 26.7% in the first quarter. Douglas Lane & Associates LLC now owns 587,837 shares of the company’s stock worth $43,335,000 after buying an additional 123,853 shares during the period. Finally, Nationwide Fund Advisors purchased a new stake in shares of IAC/InterActiveCorp during the first quarter worth about $7,964,000. 85.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded up 0.45% during midday trading on Wednesday, hitting $105.46. 306,387 shares of the stock were exchanged. The firm has a 50-day moving average price of $105.18 and a 200 day moving average price of $90.63. IAC/InterActiveCorp has a 12-month low of $56.41 and a 12-month high of $114.72. The firm has a market cap of $8.41 billion, a PE ratio of 37.69 and a beta of 1.14.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share 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 during the quarter, compared to the consensus estimate of $758.01 million. During the same quarter in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts predict that IAC/InterActiveCorp will post $3.06 earnings per share for the current fiscal year.
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IAC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a report on Thursday, April 20th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $114.00 price target (up from $94.00) on shares of IAC/InterActiveCorp in a report on Friday, May 5th. Guggenheim raised shares of IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, May 5th. BMO Capital Markets lowered their price target on shares of IAC/InterActiveCorp from $115.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, May 3rd. Finally, Cowen and Company reissued an “outperform” rating and set a $90.00 price target on shares of IAC/InterActiveCorp in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have given a buy rating to the company. IAC/InterActiveCorp currently has a consensus rating of “Buy” and an average target price of $108.45.
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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