Nisa Investment Advisors LLC Acquires 280 Shares of IAC/InterActiveCorp (NASDAQ:IAC)

Nisa Investment Advisors LLC raised its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,080 shares of the company’s stock after purchasing an additional 280 shares during the period. Nisa Investment Advisors LLC’s holdings in IAC/InterActiveCorp were worth $3,063,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in IAC/InterActiveCorp by 10.3% during the first quarter. BlackRock Inc. now owns 5,802,759 shares of the company’s stock worth $1,219,215,000 after acquiring an additional 543,469 shares in the last quarter. First Manhattan Co. raised its stake in IAC/InterActiveCorp by 1.0% during the first quarter. First Manhattan Co. now owns 1,195,514 shares of the company’s stock worth $251,189,000 after acquiring an additional 11,636 shares in the last quarter. Geode Capital Management LLC raised its stake in IAC/InterActiveCorp by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 732,502 shares of the company’s stock worth $133,985,000 after acquiring an additional 41,411 shares in the last quarter. FMR LLC raised its stake in IAC/InterActiveCorp by 7.7% during the first quarter. FMR LLC now owns 528,661 shares of the company’s stock worth $111,077,000 after acquiring an additional 37,868 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in IAC/InterActiveCorp by 135.0% during the first quarter. Wells Fargo & Company MN now owns 488,265 shares of the company’s stock worth $102,588,000 after acquiring an additional 280,499 shares in the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.

NASDAQ IAC opened at $255.88 on Friday. The firm has a market cap of $21.33 billion, a P/E ratio of 45.77, a P/E/G ratio of 3.78 and a beta of 0.96. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.11 and a quick ratio of 4.11. The stock’s 50-day moving average is $241.25 and its 200-day moving average is $225.26. IAC/InterActiveCorp has a one year low of $158.29 and a one year high of $268.72.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.27. IAC/InterActiveCorp had a return on equity of 12.44% and a net margin of 11.99%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm earned $2.32 EPS. IAC/InterActiveCorp’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities analysts anticipate that IAC/InterActiveCorp will post 4.46 EPS for the current year.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $222.04, for a total transaction of $666,120.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael H. Schwerdtman sold 6,676 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $255.55, for a total value of $1,706,051.80. The disclosure for this sale can be found here. In the last three months, insiders sold 13,676 shares of company stock worth $3,295,272. 11.50% of the stock is owned by insiders.

Several research analysts have issued reports on IAC shares. Guggenheim upgraded IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Friday, August 9th. Wells Fargo & Co restated a “buy” rating on shares of IAC/InterActiveCorp in a research note on Friday, August 9th. Bank of America raised their target price on IAC/InterActiveCorp from $273.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, May 10th. ValuEngine lowered IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group raised their target price on IAC/InterActiveCorp from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $287.37.

IAC/InterActiveCorp Company 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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