Brasada Capital Management LP purchased a new position in IAC/InterActiveCorp (NASDAQ:IAC) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 3,074 shares of the company’s stock, valued at approximately $670,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in IAC/InterActiveCorp by 4.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 13,458,468 shares of the company’s stock valued at $2,927,621,000 after acquiring an additional 533,168 shares during the last quarter. Vanguard Group Inc. increased its position in IAC/InterActiveCorp by 3.1% during the second quarter. Vanguard Group Inc. now owns 7,033,024 shares of the company’s stock valued at $1,529,893,000 after acquiring an additional 213,132 shares during the last quarter. BlackRock Inc. increased its position in IAC/InterActiveCorp by 10.6% during the second quarter. BlackRock Inc. now owns 6,418,237 shares of the company’s stock valued at $1,396,160,000 after acquiring an additional 615,478 shares during the last quarter. Nuveen Asset Management LLC increased its position in IAC/InterActiveCorp by 1,446.6% during the second quarter. Nuveen Asset Management LLC now owns 3,086,359 shares of the company’s stock valued at $671,375,000 after acquiring an additional 2,886,801 shares during the last quarter. Finally, First Manhattan Co. increased its position in IAC/InterActiveCorp by 15.7% during the second quarter. First Manhattan Co. now owns 1,383,359 shares of the company’s stock valued at $300,922,000 after acquiring an additional 187,845 shares during the last quarter. Institutional investors own 89.39% of the company’s stock.

A number of research analysts have weighed in on the stock. Benchmark cut their price objective on shares of IAC/InterActiveCorp from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday. JPMorgan Chase & Co. cut shares of IAC/InterActiveCorp from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $300.00 to $245.00 in a research report on Friday. They noted that the move was a valuation call. Guggenheim upgraded shares of IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Friday, August 9th. Deutsche Bank cut their price objective on shares of IAC/InterActiveCorp from $279.00 to $256.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Zacks Investment Research cut shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company’s stock. IAC/InterActiveCorp currently has an average rating of “Buy” and a consensus price target of $283.80.

In other news, CFO Glenn Schiffman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $228.37, for a total transaction of $228,370.00. Also, EVP Gregg Winiarski sold 73,409 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $253.54, for a total transaction of $18,612,117.86. Following the sale, the executive vice president now directly owns 206,342 shares in the company, valued at approximately $52,315,950.68. The disclosure for this sale can be found here. Insiders have sold a total of 118,402 shares of company stock worth $29,975,254 in the last ninety days. Corporate insiders own 11.50% of the company’s stock.

NASDAQ IAC opened at $219.95 on Friday. IAC/InterActiveCorp has a 12 month low of $158.29 and a 12 month high of $268.72. The company’s 50-day moving average price is $224.79 and its 200-day moving average price is $231.82. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.82. The stock has a market cap of $18.72 billion, a PE ratio of 39.35 and a beta of 0.90.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.33. IAC/InterActiveCorp had a net margin of 11.99% and a return on equity of 12.44%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company earned $1.49 EPS. IAC/InterActiveCorp’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts forecast that IAC/InterActiveCorp will post 4.44 earnings per share for the current year.

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.

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

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