Truist Financial Corp decreased its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC – Get Rating) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,454 shares of the company’s stock after selling 1,771 shares during the period. Truist Financial Corp owned about 0.18% of IAC/InterActiveCorp worth $15,289,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of IAC. Commonwealth Equity Services LLC increased its holdings in IAC/InterActiveCorp by 20.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,427 shares of the company’s stock valued at $1,362,000 after buying an additional 1,765 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in IAC/InterActiveCorp by 0.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 52,654 shares of the company’s stock valued at $6,882,000 after buying an additional 243 shares during the last quarter. American Trust purchased a new stake in IAC/InterActiveCorp during the fourth quarter valued at approximately $216,000. Parkside Investments LLC increased its holdings in IAC/InterActiveCorp by 25.0% during the fourth quarter. Parkside Investments LLC now owns 58,718 shares of the company’s stock valued at $7,675,000 after buying an additional 11,750 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in IAC/InterActiveCorp by 9.1% during the fourth quarter. M&T Bank Corp now owns 7,888 shares of the company’s stock valued at $1,032,000 after buying an additional 659 shares during the last quarter. Institutional investors own 96.44% of the company’s stock.
IAC opened at $78.80 on Monday. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 525.37 and a beta of 1.32. The company has a fifty day moving average of $81.29 and a 200 day moving average of $102.39. IAC/InterActiveCorp has a fifty-two week low of $72.29 and a fifty-two week high of $158.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.09 and a current ratio of 2.09.
IAC/InterActiveCorp (NASDAQ:IAC – Get Rating) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.56) EPS for the quarter, beating the consensus estimate of ($0.57) by $0.01. IAC/InterActiveCorp had a net margin of 0.91% and a negative return on equity of 1.17%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $0.40 earnings per share. IAC/InterActiveCorp’s quarterly revenue was up 68.5% compared to the same quarter last year. On average, equities research analysts forecast that IAC/InterActiveCorp will post -3.01 earnings per share for the current year.
A number of analysts have commented on the stock. StockNews.com cut shares of IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a report on Friday, July 1st. The Goldman Sachs Group reduced their price objective on shares of IAC/InterActiveCorp from $137.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. TheStreet cut shares of IAC/InterActiveCorp from a “c-” rating to a “d” rating in a research note on Wednesday, May 11th. BMO Capital Markets reduced their price objective on shares of IAC/InterActiveCorp from $173.00 to $154.00 in a research note on Tuesday, April 26th. Finally, Cowen reduced their price objective on shares of IAC/InterActiveCorp from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, IAC/InterActiveCorp currently has a consensus rating of “Moderate Buy” and an average target price of $144.40.
IAC/InterActiveCorp Company Profile (Get Rating)
IAC/InterActiveCorp operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.
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Source: defenseworld.net
