Wells Fargo & Company MN reduced its position in IAC/InterActiveCorp (NASDAQ:IAC) by 43.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 336,790 shares of the company’s stock after selling 259,438 shares during the period. Wells Fargo & Company MN owned approximately 0.40% of IAC/InterActiveCorp worth $51,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Aviva PLC boosted its stake in shares of IAC/InterActiveCorp by 4.7% in the 2nd quarter. Aviva PLC now owns 37,137 shares of the company’s stock worth $5,663,000 after buying an additional 1,682 shares during the last quarter. Aperio Group LLC boosted its stake in shares of IAC/InterActiveCorp by 8.8% in the 2nd quarter. Aperio Group LLC now owns 39,445 shares of the company’s stock worth $6,015,000 after buying an additional 3,186 shares during the last quarter. Braun Stacey Associates Inc. purchased a new position in shares of IAC/InterActiveCorp in the 2nd quarter worth $7,096,000. Massachusetts Financial Services Co. MA purchased a new position in shares of IAC/InterActiveCorp in the 2nd quarter worth $12,722,000. Finally, TD Asset Management Inc. boosted its stake in shares of IAC/InterActiveCorp by 6.4% in the 2nd quarter. TD Asset Management Inc. now owns 98,934 shares of the company’s stock worth $15,086,000 after buying an additional 5,994 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

NASDAQ IAC opened at $185.22 on Friday. The firm has a market cap of $16.15 billion, a P/E ratio of 240.55, a P/E/G ratio of 6.49 and a beta of 1.15. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.61. IAC/InterActiveCorp has a fifty-two week low of $103.47 and a fifty-two week high of $195.91.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, August 8th. The company reported $2.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $1.50. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. IAC/InterActiveCorp had a return on equity of 10.24% and a net margin of 13.09%. IAC/InterActiveCorp’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share. equities research analysts anticipate that IAC/InterActiveCorp will post 3.97 EPS for the current year.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $208.00 price target on the stock in a research note on Thursday. Aegis raised their price target on IAC/InterActiveCorp from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group raised their price target on IAC/InterActiveCorp from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Credit Suisse Group lifted their target price on IAC/InterActiveCorp from $183.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Finally, JPMorgan Chase & Co. lifted their target price on IAC/InterActiveCorp from $186.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, twenty have given a buy rating and two have issued a strong buy rating to the company. IAC/InterActiveCorp currently has a consensus rating of “Buy” and an average target price of $197.18.

About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

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

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