UBS Asset Management Americas Inc. grew its holdings in IAC/InterActiveCorp (NASDAQ:IAC) by 15.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,495 shares of the company’s stock after purchasing an additional 8,448 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.08% of IAC/InterActiveCorp worth $6,658,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. ClariVest Asset Management LLC acquired a new stake in shares of IAC/InterActiveCorp in the second quarter valued at approximately $133,000. FNY Partners Fund LP acquired a new stake in shares of IAC/InterActiveCorp in the second quarter valued at approximately $152,000. First Mercantile Trust Co. acquired a new stake in shares of IAC/InterActiveCorp in the second quarter valued at approximately $193,000. Virtu Financial LLC acquired a new stake in shares of IAC/InterActiveCorp in the second quarter valued at approximately $201,000. Finally, Reliance Trust Co. of Delaware acquired a new stake in shares of IAC/InterActiveCorp in the second quarter valued at approximately $202,000. Institutional investors and hedge funds own 85.19% of the company’s stock.

IAC/InterActiveCorp (NASDAQ IAC) opened at 122.24 on Friday. The stock has a market cap of $9.75 billion, a P/E ratio of 43.69 and a beta of 1.14. IAC/InterActiveCorp has a 1-year low of $60.39 and a 1-year high of $123.49. The firm’s 50-day moving average is $113.66 and its 200-day moving average is $100.69.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $758.01 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that IAC/InterActiveCorp will post $3.07 EPS for the current year.

IAC has been the topic of several research reports. Bank of America Corporation reiterated a “buy” rating and issued a $133.00 price target on shares of IAC/InterActiveCorp in a research report on Wednesday, June 14th. Cowen and Company reiterated a “buy” rating and issued a $115.00 price target on shares of IAC/InterActiveCorp in a research report on Sunday, July 30th. Aegis restated a “buy” rating and set a $115.00 target price on shares of IAC/InterActiveCorp in a research report on Thursday, August 3rd. Wells Fargo & Company restated a “buy” rating on shares of IAC/InterActiveCorp in a research report on Thursday, August 3rd. Finally, UBS AG restated a “buy” rating and set a $126.00 target price (up previously from $115.00) on shares of IAC/InterActiveCorp in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $117.67.

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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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