IAC/InterActiveCorp (NASDAQ:IAC) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lowered its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 20.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 800 shares of the company’s stock after selling 200 shares during the quarter. Banque Cantonale Vaudoise’s holdings in IAC/InterActiveCorp were worth $173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IAC. Creative Planning grew its holdings in shares of IAC/InterActiveCorp by 18.5% during the 4th quarter. Creative Planning now owns 2,366 shares of the company’s stock worth $448,000 after purchasing an additional 370 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in shares of IAC/InterActiveCorp during the 4th quarter worth about $274,000. California Public Employees Retirement System grew its holdings in shares of IAC/InterActiveCorp by 5.6% during the 4th quarter. California Public Employees Retirement System now owns 181,045 shares of the company’s stock worth $34,281,000 after purchasing an additional 9,623 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of IAC/InterActiveCorp during the 4th quarter worth about $919,000. Finally, National Asset Management Inc. grew its holdings in shares of IAC/InterActiveCorp by 13.6% during the 4th quarter. National Asset Management Inc. now owns 2,125 shares of the company’s stock worth $403,000 after purchasing an additional 254 shares during the period. 86.19% of the stock is owned by institutional investors.

Shares of NASDAQ IAC opened at $151.37 on Friday. IAC/InterActiveCorp has a 1-year low of $66.81 and a 1-year high of $179.12. The stock has a fifty day moving average of $219.04. The firm has a market capitalization of $12.62 billion and a price-to-earnings ratio of 15.20.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Thursday, May 6th. The company reported $3.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.49) by $3.95. The company had revenue of $876.00 million during the quarter, compared to analyst estimates of $824.48 million. During the same period in the prior year, the business earned ($2.49) earnings per share. IAC/InterActiveCorp’s quarterly revenue was up 28.1% on a year-over-year basis. Research analysts anticipate that IAC/InterActiveCorp will post -2.51 EPS for the current year.

IAC has been the subject of a number of research reports. Cowen upped their price target on IAC/InterActiveCorp from $265.00 to $300.00 in a report on Wednesday, April 7th. BTIG Research cut IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a report on Thursday, May 27th. They noted that the move was a valuation call. Piper Sandler upped their price target on IAC/InterActiveCorp from $267.00 to $278.00 and gave the stock an “overweight” rating in a report on Tuesday, April 13th. Credit Suisse Group upped their price target on IAC/InterActiveCorp from $253.00 to $291.00 and gave the stock an “outperform” rating in a report on Thursday, May 6th. Finally, Barclays upped their price target on IAC/InterActiveCorp from $270.00 to $290.00 in a report on Monday, May 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $226.13.

About IAC/InterActiveCorp

IAC/InterActiveCorp operates as a media and internet company worldwide. The company offers digital marketplace service which connects consumers with service professionals for repairing, remodeling, cleaning, and landscaping solutions under the HomeAdvisor, Angie's List, and Handy brands; Vimeo, a cloud-based software platform for professionals, teams, and organizations to create, collaborate, and communicate with video; and Dotdash, a portfolio of digital publishing brands that provides information and inspiration in select vertical content categories, as well as provides original and engaging digital content in a various formats, including articles, illustrations, videos, and images.

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

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