Squarepoint Ops LLC decreased its stake in IAC/InterActiveCorp (NASDAQ:IAC) by 82.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,570 shares of the company’s stock after selling 20,958 shares during the quarter. Squarepoint Ops LLC’s holdings in IAC/InterActiveCorp were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Next Capital Management LLC acquired a new stake in IAC/InterActiveCorp during the 2nd quarter worth about $28,000. Maj Invest Holding A S acquired a new stake in IAC/InterActiveCorp during the 3rd quarter worth about $63,000. Assetmark Inc. boosted its position in IAC/InterActiveCorp by 119.1% during the 2nd quarter. Assetmark Inc. now owns 298 shares of the company’s stock worth $65,000 after acquiring an additional 162 shares during the period. CWM LLC boosted its position in IAC/InterActiveCorp by 139.7% during the 2nd quarter. CWM LLC now owns 338 shares of the company’s stock worth $74,000 after acquiring an additional 197 shares during the period. Finally, First Mercantile Trust Co. acquired a new stake in IAC/InterActiveCorp during the 3rd quarter worth about $96,000. Institutional investors and hedge funds own 89.49% of the company’s stock.

Shares of IAC stock opened at $224.64 on Friday. The stock’s 50 day simple moving average is $221.89 and its 200 day simple moving average is $230.37. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.56 and a current ratio of 3.56. IAC/InterActiveCorp has a twelve month low of $161.39 and a twelve month high of $268.72. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 1.23 and a beta of 0.89.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.33. IAC/InterActiveCorp had a return on equity of 11.57% and a net margin of 11.25%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the business earned $1.49 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. On average, analysts forecast that IAC/InterActiveCorp will post 4.45 EPS for the current fiscal year.

IAC has been the subject of a number of research reports. Guggenheim decreased their price objective on IAC/InterActiveCorp from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Benchmark decreased their price objective on IAC/InterActiveCorp from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. SunTrust Banks restated a “buy” rating and set a $265.00 price objective on shares of IAC/InterActiveCorp in a research report on Monday, November 4th. Zacks Investment Research lowered IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Oppenheimer decreased their price objective on IAC/InterActiveCorp from $310.00 to $270.00 in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $282.10.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 1,000 shares of IAC/InterActiveCorp stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $228.37, for a total value of $228,370.00. Insiders sold a total of 5,000 shares of company stock worth $1,106,550 over the last three months. 11.50% of the stock is owned by company insiders.

IAC/InterActiveCorp Profile

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

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

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