IAC/InterActiveCorp (IAC) Holdings Cut by IBM Retirement Fund

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IBM Retirement Fund decreased its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,119 shares of the company’s stock after selling 95 shares during the period. IBM Retirement Fund’s holdings in IAC/InterActiveCorp were worth $205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in IAC/InterActiveCorp by 23.2% during the 4th quarter. Toronto Dominion Bank now owns 10,427 shares of the company’s stock worth $1,908,000 after purchasing an additional 1,965 shares during the period. Nordea Investment Management AB increased its position in IAC/InterActiveCorp by 29.0% during the 3rd quarter. Nordea Investment Management AB now owns 3,014 shares of the company’s stock worth $653,000 after purchasing an additional 678 shares during the period. Westpac Banking Corp increased its position in IAC/InterActiveCorp by 51.0% during the 4th quarter. Westpac Banking Corp now owns 12,652 shares of the company’s stock worth $2,316,000 after purchasing an additional 4,272 shares during the period. Morgan Stanley increased its position in IAC/InterActiveCorp by 153.4% during the 3rd quarter. Morgan Stanley now owns 1,471,397 shares of the company’s stock worth $318,880,000 after purchasing an additional 890,730 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of IAC/InterActiveCorp by 9.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,103 shares of the company’s stock worth $879,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 88.19% of the company’s stock.

Shares of IAC/InterActiveCorp stock opened at $224.00 on Friday. IAC/InterActiveCorp has a fifty-two week low of $128.80 and a fifty-two week high of $224.40. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 40.07, a price-to-earnings-growth ratio of 2.38 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.13 and a current ratio of 3.13.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Thursday, February 7th. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $1.05. IAC/InterActiveCorp had a return on equity of 16.11% and a net margin of 14.71%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company posted $0.37 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Analysts expect that IAC/InterActiveCorp will post 4.5 earnings per share for the current fiscal year.

In related news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $213.68, for a total value of $427,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David S. Rosenblatt sold 4,528 shares of the stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $220.64, for a total value of $999,057.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,528 shares of company stock valued at $2,222,948. Insiders own 10.90% of the company’s stock.

Several equities research analysts have recently commented on IAC shares. Zacks Investment Research raised IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. BidaskClub lowered IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. ValuEngine raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. Goldman Sachs Group started coverage on IAC/InterActiveCorp in a research note on Monday, February 4th. They issued a “neutral” rating and a $226.00 target price on the stock. Finally, Aegis reaffirmed a “buy” rating and issued a $250.00 target price on shares of IAC/InterActiveCorp in a research note on Thursday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. IAC/InterActiveCorp currently has a consensus rating of “Buy” and a consensus price target of $240.83.

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About IAC/InterActiveCorp

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.

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

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