IAC/InterActiveCorp (IAC) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its stake in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 382,206 shares of the company’s stock after selling 1,862 shares during the quarter. Northern Trust Corp owned about 0.48% of IAC/InterActiveCorp worth $39,459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Asset Management Americas Inc. grew its holdings in shares of IAC/InterActiveCorp by 15.1% during the second quarter. UBS Asset Management Americas Inc. now owns 64,495 shares of the company’s stock valued at $6,658,000 after buying an additional 8,448 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of IAC/InterActiveCorp during the second quarter valued at $351,000. Thrivent Financial For Lutherans grew its holdings in shares of IAC/InterActiveCorp by 5.9% during the second quarter. Thrivent Financial For Lutherans now owns 58,674 shares of the company’s stock valued at $6,058,000 after buying an additional 3,260 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of IAC/InterActiveCorp during the second quarter valued at $281,000. Finally, Profund Advisors LLC grew its holdings in shares of IAC/InterActiveCorp by 2.3% during the second quarter. Profund Advisors LLC now owns 21,975 shares of the company’s stock valued at $2,269,000 after buying an additional 501 shares during the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on IAC. Cowen and Company reaffirmed a “buy” rating and issued a $115.00 price target on shares of IAC/InterActiveCorp in a report on Sunday, July 30th. Aegis reaffirmed a “buy” rating and issued a $115.00 price target on shares of IAC/InterActiveCorp in a report on Thursday, August 3rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of IAC/InterActiveCorp in a report on Thursday, August 3rd. UBS AG reaffirmed a “buy” rating and issued a $126.00 price target (up from $115.00) on shares of IAC/InterActiveCorp in a report on Friday, August 4th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $130.00 price target (up from $105.00) on shares of IAC/InterActiveCorp in a report on Friday, August 4th. Two analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. IAC/InterActiveCorp presently has a consensus rating of “Buy” and a consensus price target of $125.56.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The firm had revenue of $767.39 million during the quarter, compared to analysts’ expectations of $758.01 million. During the same quarter last year, the business earned $0.42 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year.

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IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.

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

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