Nomura Asset Management Co. Ltd. increased its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 15.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,667 shares of the company’s stock after acquiring an additional 1,594 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in IAC/InterActiveCorp were worth $1,779,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Manhattan Co. increased its stake in IAC/InterActiveCorp by 39.1% in the 2nd quarter. First Manhattan Co. now owns 917,744 shares of the company’s stock valued at $139,946,000 after buying an additional 258,141 shares during the last quarter. Victory Capital Management Inc. increased its stake in IAC/InterActiveCorp by 467.4% in the 2nd quarter. Victory Capital Management Inc. now owns 382,892 shares of the company’s stock valued at $58,387,000 after buying an additional 315,410 shares during the last quarter. First Trust Advisors LP increased its stake in IAC/InterActiveCorp by 68.4% in the 2nd quarter. First Trust Advisors LP now owns 274,910 shares of the company’s stock valued at $41,921,000 after buying an additional 111,693 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in IAC/InterActiveCorp by 8.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 257,291 shares of the company’s stock valued at $39,234,000 after buying an additional 20,817 shares during the last quarter. Finally, Personal Capital Advisors Corp increased its stake in IAC/InterActiveCorp by 2.5% in the 2nd quarter. Personal Capital Advisors Corp now owns 180,532 shares of the company’s stock valued at $27,529,000 after buying an additional 4,473 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

Several brokerages have issued reports on IAC. UBS Group lifted their price target on shares of IAC/InterActiveCorp from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Credit Suisse Group lifted their price target on shares of IAC/InterActiveCorp from $183.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, August 10th. Aegis lifted their price target on shares of IAC/InterActiveCorp from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Zacks Investment Research lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $250.00 price target (up from $216.00) on shares of IAC/InterActiveCorp in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, twenty have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $197.18.

Shares of IAC opened at $190.27 on Monday. IAC/InterActiveCorp has a one year low of $103.47 and a one year high of $195.91. The stock has a market capitalization of $16.15 billion, a PE ratio of 247.10, a PEG ratio of 6.49 and a beta of 1.15. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.61.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $1.50. IAC/InterActiveCorp had a net margin of 13.09% and a return on equity of 10.24%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $0.74 EPS. The company’s quarterly revenue was up 38.0% on a year-over-year basis. research analysts forecast that IAC/InterActiveCorp will post 3.97 earnings per share for the current fiscal year.

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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