Asahi Life Asset Management CO. LTD. bought a new stake in IAC/InterActiveCorp (NASDAQ:IAC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,150 shares of the company’s stock, valued at approximately $242,000.

Other large investors have also bought and sold shares of the company. Morgan Stanley boosted its stake in IAC/InterActiveCorp by 153.4% in the third quarter. Morgan Stanley now owns 1,471,397 shares of the company’s stock valued at $318,880,000 after acquiring an additional 890,730 shares in the last quarter. Norges Bank acquired a new position in IAC/InterActiveCorp in the fourth quarter valued at $152,540,000. BlackRock Inc. boosted its stake in IAC/InterActiveCorp by 16.8% in the fourth quarter. BlackRock Inc. now owns 5,259,290 shares of the company’s stock valued at $962,663,000 after acquiring an additional 756,555 shares in the last quarter. First Manhattan Co. boosted its stake in IAC/InterActiveCorp by 25.8% in the fourth quarter. First Manhattan Co. now owns 1,183,878 shares of the company’s stock valued at $216,697,000 after acquiring an additional 242,519 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in IAC/InterActiveCorp by 1,518.7% in the fourth quarter. Bank of Montreal Can now owns 186,852 shares of the company’s stock valued at $34,201,000 after acquiring an additional 175,309 shares in the last quarter. 88.59% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on IAC shares. BidaskClub upgraded shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. ValuEngine upgraded shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. Goldman Sachs Group started coverage on shares of IAC/InterActiveCorp in a research note on Monday, February 4th. They issued a “neutral” rating and a $226.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of IAC/InterActiveCorp to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 11th. Finally, Nomura upped their price objective on shares of IAC/InterActiveCorp from $206.00 to $239.00 and gave the company a “buy” rating in a research note on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $257.77.

In other news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $213.68, for a total transaction of $427,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 8,000 shares of company stock valued at $1,749,740 in the last quarter. Insiders own 10.90% of the company’s stock.

Shares of IAC opened at $237.83 on Friday. IAC/InterActiveCorp has a fifty-two week low of $144.44 and a fifty-two week high of $242.86. The stock has a market cap of $18.92 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 2.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.12 and a quick ratio of 3.13.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Wednesday, May 8th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.51. IAC/InterActiveCorp had a net margin of 14.74% and a return on equity of 16.05%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts anticipate that IAC/InterActiveCorp will post 4.29 EPS for the current year.

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IAC/InterActiveCorp 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.

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

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