IAC/InterActiveCorp (IAC) Position Increased by Highland Capital Management LLC

Highland Capital Management LLC boosted its stake in IAC/InterActiveCorp (NASDAQ:IAC) by 81.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,785 shares of the company’s stock after purchasing an additional 3,494 shares during the quarter. Highland Capital Management LLC’s holdings in IAC/InterActiveCorp were worth $1,687,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its holdings in IAC/InterActiveCorp by 76.1% in the third quarter. Nisa Investment Advisors LLC now owns 23,943 shares of the company’s stock valued at $5,189,000 after acquiring an additional 10,343 shares in the last quarter. First Manhattan Co. boosted its holdings in IAC/InterActiveCorp by 2.6% in the third quarter. First Manhattan Co. now owns 941,359 shares of the company’s stock valued at $204,011,000 after acquiring an additional 23,615 shares in the last quarter. Personal Capital Advisors Corp boosted its holdings in IAC/InterActiveCorp by 0.7% in the third quarter. Personal Capital Advisors Corp now owns 181,770 shares of the company’s stock valued at $39,393,000 after acquiring an additional 1,238 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in IAC/InterActiveCorp by 4,445.0% in the third quarter. CENTRAL TRUST Co now owns 3,636 shares of the company’s stock valued at $788,000 after acquiring an additional 3,556 shares in the last quarter. Finally, United Services Automobile Association boosted its holdings in IAC/InterActiveCorp by 16.1% in the second quarter. United Services Automobile Association now owns 18,806 shares of the company’s stock valued at $2,868,000 after acquiring an additional 2,602 shares in the last quarter. Institutional investors and hedge funds own 86.41% of the company’s stock.

IAC opened at $206.46 on Thursday. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $18.03 billion, a PE ratio of 266.27, a P/E/G ratio of 2.71 and a beta of 1.25. IAC/InterActiveCorp has a 1 year low of $118.83 and a 1 year high of $223.54.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $1.50. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. IAC/InterActiveCorp had a return on equity of 10.24% and a net margin of 13.09%. IAC/InterActiveCorp’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 EPS. Sell-side analysts forecast that IAC/InterActiveCorp will post 5.34 earnings per share for the current fiscal year.

Several brokerages have commented on IAC. ValuEngine raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. BidaskClub raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. Barclays raised their price objective on IAC/InterActiveCorp to $244.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Credit Suisse Group raised their price objective on IAC/InterActiveCorp from $183.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Finally, BMO Capital Markets reissued a “buy” rating and set a $216.00 price objective on shares of IAC/InterActiveCorp in a research report on Friday, July 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. IAC/InterActiveCorp presently has a consensus rating of “Buy” and a consensus price target of $211.75.

In other news, CFO Glenn Schiffman sold 2,000 shares of IAC/InterActiveCorp stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $217.22, for a total value of $434,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.90% of the stock is owned by insiders.

IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

Further Reading: Float

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

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