Clarus Wealth Advisors bought a new position in shares of IAC/InterActiveCorp (NASDAQ:IAC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 988 shares of the company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IAC. Toronto Dominion Bank increased its holdings in shares of IAC/InterActiveCorp by 23.2% during the fourth quarter. Toronto Dominion Bank now owns 10,427 shares of the company’s stock worth $1,908,000 after buying an additional 1,965 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of IAC/InterActiveCorp by 29.0% during the third quarter. Nordea Investment Management AB now owns 3,014 shares of the company’s stock worth $653,000 after buying an additional 678 shares in the last quarter. Westpac Banking Corp increased its holdings in shares of IAC/InterActiveCorp by 51.0% during the fourth quarter. Westpac Banking Corp now owns 12,652 shares of the company’s stock worth $2,316,000 after buying an additional 4,272 shares in the last quarter. Morgan Stanley increased its holdings in shares of IAC/InterActiveCorp by 153.4% during the third quarter. Morgan Stanley now owns 1,471,397 shares of the company’s stock worth $318,880,000 after buying an additional 890,730 shares in the last quarter. Finally, BOKF NA acquired a new position in shares of IAC/InterActiveCorp during the fourth quarter worth $1,581,000. Hedge funds and other institutional investors own 89.37% of the company’s stock.

IAC has been the subject of several research analyst reports. SunTrust Banks initiated coverage on shares of IAC/InterActiveCorp in a report on Tuesday, December 18th. They set a “buy” rating and a $237.00 price target for the company. BidaskClub upgraded shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a report on Friday, December 28th. Zacks Investment Research downgraded shares of IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Bank of America lowered their price target on shares of IAC/InterActiveCorp from $240.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 8th. Finally, ValuEngine upgraded shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $240.83.

Shares of IAC/InterActiveCorp stock opened at $207.20 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.13 and a quick ratio of 3.13. IAC/InterActiveCorp has a 1-year low of $128.80 and a 1-year high of $224.63. The stock has a market cap of $17.92 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.08.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Thursday, February 7th. The company reported $2.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $1.05. IAC/InterActiveCorp had a return on equity of 16.11% and a net margin of 14.71%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $0.37 EPS. The business’s revenue was up 16.1% compared to the same quarter last year. On average, sell-side analysts forecast that IAC/InterActiveCorp will post 4.46 earnings per share for the current year.

In other news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $208.81, for a total transaction of $417,620.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David S. Rosenblatt sold 4,528 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $220.64, for a total transaction of $999,057.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,528 shares of company stock valued at $2,466,478. Company insiders own 10.90% of the company’s stock.

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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.

Further Reading: Golden Cross

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

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