Nissay Asset Management Corp Japan ADV Trims Holdings in IAC/InterActiveCorp (NASDAQ:IAC)

Nissay Asset Management Corp Japan ADV reduced its position in IAC/InterActiveCorp (NASDAQ:IAC) by 2.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,082 shares of the company’s stock after selling 217 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in IAC/InterActiveCorp were worth $1,965,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Riverbridge Partners LLC increased its stake in IAC/InterActiveCorp by 1.9% in the 1st quarter. Riverbridge Partners LLC now owns 578,716 shares of the company’s stock valued at $125,182,000 after buying an additional 10,751 shares during the period. Sei Investments Co. grew its stake in shares of IAC/InterActiveCorp by 188.8% during the 4th quarter. Sei Investments Co. now owns 41,862 shares of the company’s stock worth $7,927,000 after purchasing an additional 27,366 shares during the period. CI Investments Inc. acquired a new position in shares of IAC/InterActiveCorp during the 4th quarter worth $1,022,000. TCW Group Inc. grew its stake in shares of IAC/InterActiveCorp by 523.3% during the 1st quarter. TCW Group Inc. now owns 106,617 shares of the company’s stock worth $23,062,000 after purchasing an additional 89,513 shares during the period. Finally, IFM Investors Pty Ltd grew its stake in shares of IAC/InterActiveCorp by 6.1% during the 1st quarter. IFM Investors Pty Ltd now owns 8,355 shares of the company’s stock worth $1,807,000 after purchasing an additional 484 shares during the period. 86.19% of the stock is currently owned by institutional investors.

NASDAQ IAC opened at $151.37 on Friday. IAC/InterActiveCorp has a one year low of $66.81 and a one year high of $179.12. The firm has a 50 day simple moving average of $219.04. The stock has a market capitalization of $12.62 billion and a price-to-earnings ratio of 15.20.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Thursday, May 6th. The company reported $3.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.49) by $3.95. The business had revenue of $876.00 million during the quarter, compared to analysts’ expectations of $824.48 million. During the same quarter in the previous year, the business posted ($2.49) EPS. The company’s quarterly revenue was up 28.1% on a year-over-year basis. Equities analysts expect that IAC/InterActiveCorp will post -2.51 EPS for the current year.

A number of equities analysts have recently weighed in on IAC shares. KeyCorp upped their price target on shares of IAC/InterActiveCorp from $276.00 to $277.00 and gave the stock an “overweight” rating in a research note on Monday, May 10th. Barclays increased their price objective on shares of IAC/InterActiveCorp from $270.00 to $290.00 in a research note on Monday, May 10th. Zacks Investment Research cut shares of IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research note on Friday, May 7th. BTIG Research cut shares of IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a research note on Thursday, May 27th. They noted that the move was a valuation call. Finally, Piper Sandler increased their price objective on shares of IAC/InterActiveCorp from $267.00 to $278.00 and gave the company an “overweight” rating in a research note on Tuesday, April 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $226.13.

IAC/InterActiveCorp Profile

IAC/InterActiveCorp operates as a media and internet company worldwide. The company offers digital marketplace service which connects consumers with service professionals for repairing, remodeling, cleaning, and landscaping solutions under the HomeAdvisor, Angie's List, and Handy brands; Vimeo, a cloud-based software platform for professionals, teams, and organizations to create, collaborate, and communicate with video; and Dotdash, a portfolio of digital publishing brands that provides information and inspiration in select vertical content categories, as well as provides original and engaging digital content in a various formats, including articles, illustrations, videos, and images.

Read More: Retained Earnings

Want to see what other hedge funds are holding IAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IAC/InterActiveCorp (NASDAQ:IAC).

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

Receive News & Ratings for IAC/InterActiveCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActiveCorp and related companies with MarketBeat.com's FREE daily email newsletter.