Morgan Stanley Has $833.23 Million Stock Holdings in IAC/InterActiveCorp (NASDAQ:IAC)

Morgan Stanley grew its stake in IAC/InterActiveCorp (NASDAQ:IAC) by 23.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,852,008 shares of the company’s stock after acquiring an additional 741,927 shares during the period. Morgan Stanley owned 4.62% of IAC/InterActiveCorp worth $833,229,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Hall Laurie J Trustee grew its stake in shares of IAC/InterActiveCorp by 32.4% in the first quarter. Hall Laurie J Trustee now owns 225 shares of the company’s stock valued at $49,000 after buying an additional 55 shares in the last quarter. Signaturefd LLC grew its position in shares of IAC/InterActiveCorp by 4.4% in the 1st quarter. Signaturefd LLC now owns 1,390 shares of the company’s stock valued at $301,000 after acquiring an additional 59 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of IAC/InterActiveCorp by 4.1% during the 1st quarter. Stratos Wealth Partners LTD. now owns 1,508 shares of the company’s stock worth $326,000 after purchasing an additional 60 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of IAC/InterActiveCorp by 103.1% in the 1st quarter. Meeder Asset Management Inc. now owns 132 shares of the company’s stock valued at $29,000 after purchasing an additional 67 shares during the period. Finally, Berman Capital Advisors LLC lifted its stake in IAC/InterActiveCorp by 151.8% in the 1st quarter. Berman Capital Advisors LLC now owns 141 shares of the company’s stock valued at $29,000 after purchasing an additional 85 shares during the last quarter. 86.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of IAC stock opened at $139.28 on Thursday. IAC/InterActiveCorp has a 1 year low of $74.67 and a 1 year high of $179.12. The company has a 50 day moving average of $164.00.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Thursday, May 6th. The company reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $3.95. The company had revenue of $876.00 million for the quarter, compared to the consensus estimate of $824.48 million. During the same quarter in the previous year, the company posted ($2.49) earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year. On average, research analysts predict that IAC/InterActiveCorp will post -3.34 EPS for the current year.

Several analysts have issued reports on the company. BTIG Research lowered IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a research note on Thursday, May 27th. They noted that the move was a valuation call. Credit Suisse Group increased their price target on IAC/InterActiveCorp from $253.00 to $291.00 and gave the company an “outperform” rating in a research note on Thursday, May 6th. KeyCorp lifted their price objective on shares of IAC/InterActiveCorp from $276.00 to $277.00 and gave the stock an “overweight” rating in a research report on Monday, May 10th. Zacks Investment Research raised shares of IAC/InterActiveCorp from a “sell” rating to a “strong-buy” rating and set a $166.00 price objective on the stock in a research report on Tuesday, July 13th. Finally, BMO Capital Markets upgraded shares of IAC/InterActiveCorp from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $250.00 to $170.00 in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $223.76.

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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