Stephens Investment Management Group LLC Purchases 162,650 Shares of IAC/InterActiveCorp (NASDAQ:IAC)

Stephens Investment Management Group LLC increased its position in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 655.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 187,449 shares of the company’s stock after acquiring an additional 162,650 shares during the period. Stephens Investment Management Group LLC’s holdings in IAC/InterActiveCorp were worth $40,776,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IAC. Valeo Financial Advisors LLC bought a new stake in IAC/InterActiveCorp during the 2nd quarter worth approximately $29,000. Icon Wealth Partners LLC bought a new stake in IAC/InterActiveCorp during the 1st quarter worth approximately $32,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in IAC/InterActiveCorp by 78.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 193 shares of the company’s stock worth $42,000 after acquiring an additional 85 shares during the period. Winslow Evans & Crocker Inc. increased its holdings in IAC/InterActiveCorp by 40.3% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 216 shares of the company’s stock worth $48,000 after acquiring an additional 62 shares during the period. Finally, Meridian Wealth Management LLC bought a new stake in IAC/InterActiveCorp during the 1st quarter worth approximately $56,000. 90.41% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Glenn Schiffman sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $225.00, for a total value of $225,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael H. Schwerdtman sold 6,676 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $255.55, for a total transaction of $1,706,051.80. The disclosure for this sale can be found here. Insiders sold a total of 13,676 shares of company stock valued at $3,295,272 in the last ninety days. 11.50% of the stock is owned by corporate insiders.

IAC has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of IAC/InterActiveCorp from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. SunTrust Banks boosted their price target on shares of IAC/InterActiveCorp from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Barclays boosted their price target on shares of IAC/InterActiveCorp from $295.00 to $311.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Citigroup boosted their price target on shares of IAC/InterActiveCorp from $285.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Cowen set a $290.00 price target on shares of IAC/InterActiveCorp and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $287.37.

Shares of IAC/InterActiveCorp stock traded up $4.43 during trading on Thursday, reaching $244.79. The company’s stock had a trading volume of 15,693 shares, compared to its average volume of 705,354. IAC/InterActiveCorp has a 52-week low of $158.29 and a 52-week high of $268.72. The company has a market cap of $20.08 billion, a P/E ratio of 43.87, a price-to-earnings-growth ratio of 3.49 and a beta of 0.96. The firm has a 50-day simple moving average of $235.57. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.65.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.27. IAC/InterActiveCorp had a net margin of 11.99% and a return on equity of 12.76%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company earned $2.32 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. As a group, analysts predict that IAC/InterActiveCorp will post 4.57 EPS for the current fiscal year.

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.

Further Reading: What is meant by a buy rating?

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

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