FDx Advisors Inc. boosted its stake in IAC/InterActiveCorp (NASDAQ:IAC) by 3,901.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,810 shares of the company’s stock after buying an additional 31,990 shares during the period. FDx Advisors Inc.’s holdings in IAC/InterActiveCorp were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IAC. Credit Agricole S A bought a new position in IAC/InterActiveCorp in the 1st quarter valued at about $29,000. Ameritas Investment Company LLC acquired a new stake in IAC/InterActiveCorp in the 1st quarter valued at about $29,000. Chevy Chase Trust Holdings Inc. acquired a new stake in IAC/InterActiveCorp in the 4th quarter valued at about $39,000. Sandy Spring Bank acquired a new stake in IAC/InterActiveCorp in the 1st quarter valued at about $44,000. Finally, Truewealth LLC acquired a new stake in IAC/InterActiveCorp in the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 89.22% of the company’s stock.

NASDAQ:IAC opened at $317.90 on Tuesday. The stock’s 50 day moving average price is $272.98 and its 200 day moving average price is $234.69. IAC/InterActiveCorp has a 52 week low of $124.60 and a 52 week high of $320.37. The company has a market capitalization of $25.91 billion, a P/E ratio of 289.00 and a beta of 1.19. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.32 and a current ratio of 3.32.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). IAC/InterActiveCorp had a return on equity of 9.24% and a net margin of 2.69%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company posted $0.91 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that IAC/InterActiveCorp will post 1.51 earnings per share for the current fiscal year.

IAC has been the subject of a number of research analyst reports. Citigroup cut their price target on shares of IAC/InterActiveCorp from $285.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Co cut their price target on shares of IAC/InterActiveCorp from $310.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. UBS Group upped their price target on shares of IAC/InterActiveCorp from $302.00 to $354.00 in a report on Thursday, June 18th. Nomura upped their price objective on shares of IAC/InterActiveCorp from $296.00 to $323.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Deutsche Bank upped their price objective on shares of IAC/InterActiveCorp from $290.00 to $327.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Three equities research 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 company’s stock. The stock currently has an average rating of “Buy” and an average target price of $305.59.

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.

See Also: Cost of Equity For A Business, Investors

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

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