Axa Trims Stake in IAC/InterActiveCorp (IAC)
Axa trimmed its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 33.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,149 shares of the company’s stock after selling 131,649 shares during the period. Axa owned about 0.34% of IAC/InterActiveCorp worth $27,374,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. ClariVest Asset Management LLC acquired a new stake in shares of IAC/InterActiveCorp during the 2nd quarter valued at approximately $133,000. Creative Planning lifted its position in shares of IAC/InterActiveCorp by 0.6% during the 1st quarter. Creative Planning now owns 1,687 shares of the company’s stock valued at $124,000 after acquiring an additional 10 shares during the period. First Mercantile Trust Co. acquired a new stake in shares of IAC/InterActiveCorp during the 2nd quarter valued at approximately $193,000. Virtu Financial LLC acquired a new stake in shares of IAC/InterActiveCorp during the 2nd quarter valued at approximately $201,000. Finally, Reliance Trust Co. of Delaware acquired a new stake in shares of IAC/InterActiveCorp during the 2nd quarter valued at approximately $202,000. Institutional investors own 85.20% of the company’s stock.
A number of equities research analysts have recently issued reports on IAC shares. Piper Jaffray Companies lifted their price target on shares of IAC/InterActiveCorp to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. TheStreet upgraded shares of IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $127.00 price target (up from $120.00) on shares of IAC/InterActiveCorp in a research report on Wednesday, August 9th. Aegis restated a “buy” rating and set a $125.00 price objective (up from $115.00) on shares of IAC/InterActiveCorp in a research report on Tuesday, August 15th. Finally, Susquehanna Bancshares Inc cut their price objective on IAC/InterActiveCorp from $114.00 to $94.00 and set a “positive” rating for the company in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $108.45.
Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded down 1.03% on Friday, reaching $114.59. The company’s stock had a trading volume of 453,388 shares. The stock has a market capitalization of $9.14 billion, a PE ratio of 40.95 and a beta of 1.13. IAC/InterActiveCorp has a 1-year low of $56.64 and a 1-year high of $119.53. The stock has a 50-day moving average of $106.94 and a 200 day moving average of $94.53.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.24. The business 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 firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. On average, equities analysts forecast that IAC/InterActiveCorp will post $3.07 EPS for the current year.
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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