Capital Research Global Investors acquired a new stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 917,990 shares of the company’s stock, valued at approximately $94,773,000. Capital Research Global Investors owned about 1.24% of IAC/InterActiveCorp at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in IAC/InterActiveCorp by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,887,254 shares of the company’s stock worth $607,801,000 after purchasing an additional 149,182 shares in the last quarter. BlackRock Inc. increased its position in IAC/InterActiveCorp by 2.6% during the 2nd quarter. BlackRock Inc. now owns 3,275,849 shares of the company’s stock worth $338,199,000 after purchasing an additional 83,794 shares in the last quarter. Canada Pension Plan Investment Board increased its position in IAC/InterActiveCorp by 44.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,175,100 shares of the company’s stock worth $327,797,000 after purchasing an additional 975,000 shares in the last quarter. Boston Partners increased its position in IAC/InterActiveCorp by 1.9% during the 2nd quarter. Boston Partners now owns 3,050,689 shares of the company’s stock worth $314,953,000 after purchasing an additional 57,689 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in IAC/InterActiveCorp by 13.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,601,498 shares of the company’s stock worth $268,579,000 after purchasing an additional 316,034 shares in the last quarter. 85.19% of the stock is owned by institutional investors.

Shares of IAC/InterActiveCorp (IAC) opened at 121.58 on Friday. IAC/InterActiveCorp has a 52-week low of $60.39 and a 52-week high of $123.49. The company’s 50 day moving average price is $113.14 and its 200 day moving average price is $100.35. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 43.45 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 earnings per share 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 company had revenue of $767.39 million for the quarter, compared to analyst estimates of $758.01 million. During the same quarter last year, the firm earned $0.42 EPS. IAC/InterActiveCorp’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts forecast that IAC/InterActiveCorp will post $3.07 earnings per share for the current year.

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A number of research firms recently issued reports on IAC. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $141.00 price target (up previously from $127.00) on shares of IAC/InterActiveCorp in a report on Thursday. Piper Jaffray Companies restated an “overweight” rating and issued a $160.00 price target (up previously from $152.00) on shares of IAC/InterActiveCorp in a report on Wednesday. Zacks Investment Research upgraded IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a report on Wednesday. Guggenheim restated a “buy” rating and issued a $135.00 price target (up previously from $130.00) on shares of IAC/InterActiveCorp in a report on Tuesday. Finally, BidaskClub upgraded IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Two analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. IAC/InterActiveCorp presently has an average rating of “Buy” and a consensus price target of $115.68.

About IAC/InterActiveCorp

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

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