IAC/InterActiveCorp (NASDAQ:IAC) Shares Sold by Skandinaviska Enskilda Banken AB publ
Skandinaviska Enskilda Banken AB publ reduced its position in IAC/InterActiveCorp (NASDAQ:IAC) by 5.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,326 shares of the company’s stock after selling 806 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in IAC/InterActiveCorp were worth $2,747,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Chevy Chase Trust Holdings Inc. purchased a new position in shares of IAC/InterActiveCorp in the 4th quarter valued at approximately $39,000. Credit Agricole S A acquired a new stake in shares of IAC/InterActiveCorp during the first quarter worth $29,000. Ameritas Investment Company LLC purchased a new position in IAC/InterActiveCorp in the 1st quarter valued at $29,000. Procyon Private Wealth Partners LLC acquired a new position in IAC/InterActiveCorp in the 4th quarter valued at $57,000. Finally, Sandy Spring Bank acquired a new position in IAC/InterActiveCorp in the 1st quarter valued at $44,000. 89.22% of the stock is currently owned by institutional investors and hedge funds.
IAC has been the topic of several analyst reports. Nomura Instinet lowered their target price on shares of IAC/InterActiveCorp from $304.00 to $296.00 and set a “buy” rating on the stock in a report on Monday, April 20th. UBS Group raised their price target on IAC/InterActiveCorp from $302.00 to $354.00 in a report on Thursday, June 18th. BMO Capital Markets upped their price objective on IAC/InterActiveCorp from $316.00 to $369.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Deutsche Bank raised their target price on IAC/InterActiveCorp from $290.00 to $327.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Oppenheimer upped their price target on shares of IAC/InterActiveCorp from $275.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, June 19th. Three investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $305.59.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.28). IAC/InterActiveCorp had a net margin of 2.69% and a return on equity of 9.24%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company earned $0.91 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that IAC/InterActiveCorp will post 1.51 EPS for the current year.
IAC/InterActiveCorp Company 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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