Cambridge Investment Research Advisors Inc. grew its position in IAC/InterActiveCorp (NASDAQ:IAC) by 132.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,627 shares of the company’s stock after purchasing an additional 1,495 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in IAC/InterActiveCorp were worth $552,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in IAC. SG Americas Securities LLC lifted its position in shares of IAC/InterActiveCorp by 96.7% during the 4th quarter. SG Americas Securities LLC now owns 2,687 shares of the company’s stock valued at $492,000 after buying an additional 1,321 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of IAC/InterActiveCorp by 77.8% during the 4th quarter. WINTON GROUP Ltd now owns 6,565 shares of the company’s stock valued at $1,202,000 after buying an additional 2,872 shares in the last quarter. Columbus Circle Investors raised its stake in IAC/InterActiveCorp by 0.8% during the 4th quarter. Columbus Circle Investors now owns 247,364 shares of the company’s stock valued at $45,278,000 after purchasing an additional 2,068 shares during the period. InterOcean Capital LLC raised its stake in IAC/InterActiveCorp by 7.9% during the 4th quarter. InterOcean Capital LLC now owns 3,519 shares of the company’s stock valued at $644,000 after purchasing an additional 259 shares during the period. Finally, Westpac Banking Corp raised its stake in IAC/InterActiveCorp by 51.0% during the 4th quarter. Westpac Banking Corp now owns 12,652 shares of the company’s stock valued at $2,316,000 after purchasing an additional 4,272 shares during the period. 89.78% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:IAC opened at $229.23 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.12 and a current ratio of 3.12. IAC/InterActiveCorp has a 1 year low of $144.71 and a 1 year high of $242.86. The company has a market capitalization of $19.06 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 2.32 and a beta of 1.06.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.51. IAC/InterActiveCorp had a return on equity of 16.05% and a net margin of 14.74%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. On average, equities analysts expect that IAC/InterActiveCorp will post 4.8 earnings per share for the current fiscal year.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 3,000 shares of IAC/InterActiveCorp stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $224.98, for a total value of $674,940.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 9,000 shares of company stock worth $1,988,500. Corporate insiders own 10.90% of the company’s stock.

IAC has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and set a $280.00 target price (up previously from $260.00) on shares of IAC/InterActiveCorp in a research note on Friday, May 10th. Zacks Investment Research downgraded IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Aegis reissued a “buy” rating and set a $300.00 target price (up previously from $250.00) on shares of IAC/InterActiveCorp in a research note on Wednesday, March 20th. BMO Capital Markets lifted their target price on IAC/InterActiveCorp to $321.00 and gave the company an “in-line” rating in a research note on Monday, May 13th. Finally, BidaskClub raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and an average target price of $265.82.

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About IAC/InterActiveCorp

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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