Toronto Dominion Bank cut its stake in IAC/InterActiveCorp (NASDAQ:IAC) by 99.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,638 shares of the company’s stock after selling 200,302 shares during the period. Toronto Dominion Bank’s holdings in IAC/InterActiveCorp were worth $121,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Planning raised its position in shares of IAC/InterActiveCorp by 0.6% in the first quarter. Creative Planning now owns 1,687 shares of the company’s stock valued at $124,000 after buying an additional 10 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of IAC/InterActiveCorp during the fourth quarter valued at about $162,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of IAC/InterActiveCorp by 0.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,670 shares of the company’s stock valued at $177,000 after buying an additional 25 shares during the last quarter. Engineers Gate Manager LP bought a new position in IAC/InterActiveCorp during the first quarter worth $201,000. Finally, Clear Harbor Asset Management LLC bought a new position in IAC/InterActiveCorp during the first quarter worth $221,000. Institutional investors and hedge funds own 84.37% of the company’s stock.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded up 0.48% on Friday, reaching $101.44. The company had a trading volume of 701,098 shares. IAC/InterActiveCorp has a 52 week low of $52.23 and a 52 week high of $107.98. The stock’s 50 day moving average is $101.81 and its 200 day moving average is $79.60. The firm’s market capitalization is $7.98 billion.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.04. IAC/InterActiveCorp had a positive return on equity of 8.43% and a negative net margin of 0.76%. The firm had revenue of $760.80 million during the quarter, compared to the consensus estimate of $718.31 million. During the same period in the previous year, the business earned $0.42 EPS. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, equities analysts anticipate that IAC/InterActiveCorp will post $3.05 EPS for the current year.
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IAC has been the topic of a number of recent research reports. Zacks Investment Research upgraded IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a report on Thursday, April 20th. Susquehanna Bancshares Inc reiterated 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 upgraded 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. SunTrust Banks, Inc. reiterated a “buy” rating and set a $87.00 price target on shares of IAC/InterActiveCorp in a report on Monday, February 27th. Finally, BMO Capital Markets dropped their price target on IAC/InterActiveCorp from $115.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. IAC/InterActiveCorp has an average rating of “Buy” and a consensus target price of $96.95.
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.
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