Creative Planning cut its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 1,639 shares of the company’s stock after selling 48 shares during the period. Creative Planning’s holdings in IAC/InterActiveCorp were worth $169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in IAC/InterActiveCorp by 4.0% in the first quarter. Vanguard Group Inc. now owns 5,738,072 shares of the company’s stock worth $423,011,000 after buying an additional 221,852 shares during the period. BlackRock Inc. boosted its position in IAC/InterActiveCorp by 25,135.6% in the first quarter. BlackRock Inc. now owns 3,192,055 shares of the company’s stock worth $235,319,000 after buying an additional 3,179,406 shares during the period. Boston Partners boosted its position in IAC/InterActiveCorp by 8.8% in the first quarter. Boston Partners now owns 2,993,000 shares of the company’s stock worth $220,644,000 after buying an additional 242,391 shares during the period. TIAA CREF Investment Management LLC boosted its position in IAC/InterActiveCorp by 2.5% in the first quarter. TIAA CREF Investment Management LLC now owns 2,285,464 shares of the company’s stock worth $168,484,000 after buying an additional 55,086 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in IAC/InterActiveCorp by 4.7% in the first quarter. Canada Pension Plan Investment Board now owns 2,200,100 shares of the company’s stock worth $162,191,000 after buying an additional 98,800 shares during the period. Institutional investors own 85.22% of the company’s stock.

IAC/InterActiveCorp (NASDAQ IAC) traded down 3.25% during mid-day trading on Thursday, reaching $101.86. 194,281 shares of the company’s stock were exchanged. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 36.40 and a beta of 1.14. IAC/InterActiveCorp has a 12 month low of $56.41 and a 12 month high of $109.80. The stock has a 50-day moving average of $105.34 and a 200-day moving average of $89.52.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.24. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The business had revenue of $767.39 million during the quarter, compared to the consensus estimate of $758.01 million. During the same quarter last year, the firm earned $0.42 earnings per share. IAC/InterActiveCorp’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts anticipate that IAC/InterActiveCorp will post $3.06 earnings per share for the current year.

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A number of research analysts have recently issued reports on IAC shares. Barclays PLC lifted their target price on shares of IAC/InterActiveCorp from $82.00 to $96.00 and gave the company an “overweight” rating in a research note on Tuesday, May 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $92.00 target price on shares of IAC/InterActiveCorp in a research note on Tuesday, May 2nd. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $114.00 target price (up previously from $94.00) on shares of IAC/InterActiveCorp in a research note on Friday, May 5th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $130.00 target price (up previously from $111.00) on shares of IAC/InterActiveCorp in a research note on Sunday, May 28th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of IAC/InterActiveCorp in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the stock. IAC/InterActiveCorp currently has a consensus rating of “Buy” and a consensus price target of $107.20.

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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