IAC/InterActiveCorp (IAC) Shares Sold by Bank of Montreal Can
Bank of Montreal Can cut its position in IAC/InterActiveCorp (NASDAQ:IAC) by 31.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,230 shares of the company’s stock after selling 1,512 shares during the period. Bank of Montreal Can’s holdings in IAC/InterActiveCorp were worth $333,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. MUFG Americas Holdings Corp acquired a new stake in IAC/InterActiveCorp during the first quarter valued at $245,000. Pictet Asset Management Ltd. raised its stake in IAC/InterActiveCorp by 11.0% in the first quarter. Pictet Asset Management Ltd. now owns 373,026 shares of the company’s stock valued at $27,500,000 after buying an additional 36,871 shares during the last quarter. Comerica Bank raised its stake in IAC/InterActiveCorp by 0.7% in the first quarter. Comerica Bank now owns 3,269 shares of the company’s stock valued at $272,000 after buying an additional 23 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in IAC/InterActiveCorp by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,079 shares of the company’s stock valued at $227,000 after buying an additional 430 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in IAC/InterActiveCorp by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 352,000 shares of the company’s stock valued at $25,949,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.
IAC/InterActiveCorp (IAC) traded up 5.40% during midday trading on Thursday, reaching $111.98. 576,372 shares of the company traded hands. IAC/InterActiveCorp has a 12-month low of $56.64 and a 12-month high of $114.72. The company has a 50-day moving average price of $105.53 and a 200-day moving average price of $92.27. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 40.02 and a beta of 1.14.
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 consensus estimate of $0.50 by $0.24. The company had revenue of $767.39 million during the quarter, compared to the consensus estimate of $758.01 million. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. On average, analysts predict that IAC/InterActiveCorp will post $3.06 earnings per share for the current fiscal year.
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Several analysts have weighed in on IAC shares. Piper Jaffray Companies boosted their target price on shares of IAC/InterActiveCorp to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, August 16th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $114.00 target price (up previously from $94.00) on shares of IAC/InterActiveCorp in a research note on Friday, May 5th. Wells Fargo & Company reiterated a “buy” rating on shares of IAC/InterActiveCorp in a research note on Friday, May 5th. TheStreet upgraded shares of IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research note on Thursday, August 3rd. Finally, BMO Capital Markets lowered their target price on shares of IAC/InterActiveCorp from $115.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the company. IAC/InterActiveCorp presently has an average rating of “Buy” and a consensus price target of $108.45.
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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