Dimensional Fund Advisors LP acquired a new position in shares of IAC/InterActive (NYSE:IAC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,080,762 shares of the company’s stock, valued at approximately $60,838,000. Dimensional Fund Advisors LP owned approximately 1.36% of IAC/InterActive as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the stock. NCM Capital Advisers Inc. acquired a new stake in shares of IAC/InterActive during the second quarter valued at approximately $126,000. NJ State Employees Deferred Compensation Plan bought a new stake in IAC/InterActive during the second quarter valued at about $218,000. Calvert Investment Management Inc. bought a new stake in IAC/InterActive during the second quarter valued at about $224,000. Appleton Partners Inc. MA bought a new stake in IAC/InterActive during the second quarter valued at about $249,000. Finally, M&T Bank Corp bought a new stake in IAC/InterActive during the second quarter valued at about $251,000.
IAC/InterActive (NYSE:IAC) traded up 0.77% during midday trading on Monday, reaching $62.95. The company had a trading volume of 181,192 shares. The company’s 50-day moving average is $59.18 and its 200 day moving average is $54.67. IAC/InterActive has a 52-week low of $38.82 and a 52-week high of $73.15. The company’s market cap is $5.01 billion.
IAC/InterActive (NYSE:IAC) last released its earnings results on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.08. The business earned $745.40 million during the quarter, compared to analysts’ expectations of $748.73 million. During the same quarter last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities research analysts forecast that IAC/InterActive will post $2.58 EPS for the current year.
Several analysts have issued reports on the company. Axiom Securities restated a “buy” rating on shares of IAC/InterActive in a report on Wednesday, June 22nd. BMO Capital Markets assumed coverage on IAC/InterActive in a report on Tuesday, June 7th. They set an “outperform” rating and a $70.00 price objective on the stock. Wells Fargo & Co. upgraded IAC/InterActive from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 20th. Susquehanna restated a “positive” rating and set a $74.00 price objective on shares of IAC/InterActive in a report on Monday, August 8th. Finally, Zacks Investment Research downgraded IAC/InterActive from a “buy” rating to a “hold” rating in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. IAC/InterActive presently has an average rating of “Buy” and a consensus price target of $67.00.
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