Aviva PLC Buys 1,080 Shares of IAC/InterActiveCorp (IAC)
Aviva PLC increased its position in IAC/InterActiveCorp (NASDAQ:IAC) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,779 shares of the company’s stock after buying an additional 1,080 shares during the period. Aviva PLC owned approximately 0.05% of IAC/InterActiveCorp worth $4,417,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning increased 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 worth $124,000 after buying an additional 10 shares during the last quarter. ClariVest Asset Management LLC acquired a new position in IAC/InterActiveCorp during the second quarter valued at about $133,000. First Mercantile Trust Co. acquired a new position in IAC/InterActiveCorp during the second quarter valued at about $193,000. Engineers Gate Manager LP acquired a new position in IAC/InterActiveCorp during the first quarter valued at about $201,000. Finally, Virtu Financial LLC acquired a new position in IAC/InterActiveCorp during the second quarter valued at about $201,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.
Shares of IAC/InterActiveCorp (IAC) opened at 112.63 on Friday. IAC/InterActiveCorp has a one year low of $56.64 and a one year high of $114.72. The stock’s 50 day moving average price is $106.10 and its 200 day moving average price is $93.41. The stock has a market capitalization of $8.98 billion, a P/E ratio of 40.25 and a beta of 1.13.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The business had revenue of $767.39 million for the quarter, compared to analyst estimates of $758.01 million. During the same period last year, the company earned $0.42 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that IAC/InterActiveCorp will post $3.06 EPS for the current year.
Several research firms have recently issued reports on IAC. UBS AG reissued a “buy” rating and issued a $115.00 price target (up previously from $84.00) on shares of IAC/InterActiveCorp in a research note on Friday, May 5th. Barclays PLC reissued an “overweight” rating and issued a $130.00 price target (up previously from $105.00) on shares of IAC/InterActiveCorp in a research note on Friday, August 4th. Bank of America Corporation reissued a “buy” rating and issued a $133.00 price target on shares of IAC/InterActiveCorp in a research note on Wednesday, June 14th. Aegis reissued a “buy” rating and issued a $125.00 price target (up previously from $115.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, August 15th. Finally, Piper Jaffray Companies increased their price target on IAC/InterActiveCorp to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have given a buy rating to the company. IAC/InterActiveCorp currently has an average rating of “Buy” and an average 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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