American Century Companies Inc. held its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,006 shares of the company’s stock at the end of the 2nd quarter. American Century Companies Inc.’s holdings in IAC/InterActiveCorp were worth $517,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. ClariVest Asset Management LLC bought a new stake in IAC/InterActiveCorp during the second quarter valued at $133,000. First Mercantile Trust Co. bought a new stake in IAC/InterActiveCorp during the second quarter valued at $193,000. Engineers Gate Manager LP bought a new stake in IAC/InterActiveCorp during the first quarter valued at $201,000. Virtu Financial LLC bought a new stake in IAC/InterActiveCorp during the second quarter valued at $201,000. Finally, Reliance Trust Co. of Delaware bought a new stake in IAC/InterActiveCorp during the second quarter valued at $202,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) opened at 114.28 on Wednesday. IAC/InterActiveCorp has a one year low of $60.39 and a one year high of $119.53. The firm has a market capitalization of $9.11 billion, a P/E ratio of 40.84 and a beta of 1.13. The firm has a 50-day moving average of $108.78 and a 200-day moving average of $96.89.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.24. The firm had revenue of $767.39 million during the quarter, compared to analyst estimates of $758.01 million. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. On average, equities analysts predict that IAC/InterActiveCorp will post $3.07 earnings per share for the current fiscal year.
IAC has been the subject of several recent research reports. Cowen and Company restated a “buy” rating and set a $115.00 price target on shares of IAC/InterActiveCorp in a research report on Sunday, July 30th. BidaskClub lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Susquehanna Bancshares Inc restated a “positive” rating and set a $140.00 price target (up previously from $114.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Piper Jaffray Companies restated an “overweight” rating and set a $130.00 price target (up previously from $111.00) on shares of IAC/InterActiveCorp in a research report on Sunday, May 28th. Finally, Aegis restated a “buy” rating and set a $115.00 price target on shares of IAC/InterActiveCorp in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twenty have given a buy rating to the company’s stock. IAC/InterActiveCorp presently has an average rating of “Buy” and a consensus target price of $108.95.
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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