Principal Financial Group Inc. lifted its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 27.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,826 shares of the company’s stock after acquiring an additional 3,856 shares during the quarter. Principal Financial Group Inc.’s holdings in IAC/InterActiveCorp were worth $1,841,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Leucadia National Corp acquired a new position in shares of IAC/InterActiveCorp during the 2nd quarter valued at $4,646,000. Renaissance Technologies LLC lifted its holdings in shares of IAC/InterActiveCorp by 282.3% during the 1st quarter. Renaissance Technologies LLC now owns 174,727 shares of the company’s stock valued at $12,881,000 after acquiring an additional 129,027 shares in the last quarter. Oak Associates Ltd. OH lifted its holdings in shares of IAC/InterActiveCorp by 32.0% during the 1st quarter. Oak Associates Ltd. OH now owns 171,423 shares of the company’s stock valued at $12,637,000 after acquiring an additional 41,600 shares in the last quarter. Janus Capital Management LLC lifted its holdings in shares of IAC/InterActiveCorp by 539.0% during the 1st quarter. Janus Capital Management LLC now owns 26,201 shares of the company’s stock valued at $1,931,000 after acquiring an additional 22,101 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of IAC/InterActiveCorp during the 2nd quarter valued at $1,312,000. Institutional investors and hedge funds own 85.19% of the company’s stock.

Several equities analysts recently weighed in on the stock. Piper Jaffray Companies restated an “overweight” rating and set a $160.00 target price (up previously from $152.00) on shares of IAC/InterActiveCorp in a report on Wednesday. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $141.00 target price (up previously from $127.00) on shares of IAC/InterActiveCorp in a report on Thursday. Guggenheim restated a “buy” rating and set a $135.00 target price (up previously from $130.00) on shares of IAC/InterActiveCorp in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, BidaskClub upgraded shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Friday, September 8th. Two investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. IAC/InterActiveCorp has a consensus rating of “Buy” and a consensus target price of $117.67.

Shares of IAC/InterActiveCorp (NASDAQ IAC) opened at 122.24 on Friday. The stock has a 50 day moving average of $113.66 and a 200 day moving average of $100.69. IAC/InterActiveCorp has a 52-week low of $60.39 and a 52-week high of $123.49. The company has a market cap of $9.75 billion, a P/E ratio of 43.69 and a beta of 1.14.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.24. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The firm had revenue of $767.39 million during the quarter, compared to the consensus estimate of $758.01 million. During the same period in the prior year, the firm earned $0.42 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that IAC/InterActiveCorp will post $3.07 earnings per share for the current fiscal year.

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IAC/InterActiveCorp Company Profile

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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