JPMorgan Chase & Co. 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 firm acquired 286,781 shares of the company’s stock, valued at approximately $16,147,000. JPMorgan Chase & Co. owned about 0.36% of IAC/InterActive at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute purchased a new position in IAC/InterActive during the second quarter worth $402,000. Contrarius Investment Management Ltd bought a new stake in IAC/InterActive during the second quarter worth about $3,104,000. KBC Group NV bought a new stake in IAC/InterActive during the second quarter worth about $1,777,000. Swiss National Bank bought a new stake in IAC/InterActive during the second quarter worth about $7,178,000. Finally, Suntrust Banks Inc. bought a new stake in IAC/InterActive during the second quarter worth about $318,000.
IAC/InterActive (NYSE:IAC) traded down 1.21% on Thursday, hitting $62.81. 143,995 shares of the stock were exchanged. IAC/InterActive has a one year low of $38.82 and a one year high of $73.15. The company’s market cap is $5.00 billion. The company’s 50 day moving average price is $59.03 and its 200-day moving average price is $54.50.
IAC/InterActive (NYSE:IAC) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $745.40 million for the quarter, compared to analyst estimates of $748.73 million. IAC/InterActive’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. Equities research analysts predict that IAC/InterActive will post $2.58 EPS for the current fiscal year.
A number of research firms recently issued reports on IAC. Zacks Investment Research downgraded shares of IAC/InterActive from a “hold” rating to a “strong sell” rating in a report on Wednesday. Susquehanna restated a “positive” rating and issued a $74.00 target price on shares of IAC/InterActive in a report on Monday, August 8th. Jefferies Group restated a “hold” rating and issued a $60.00 target price on shares of IAC/InterActive in a report on Monday, July 25th. Wells Fargo & Co. upgraded shares of IAC/InterActive from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $70.00 target price on shares of IAC/InterActive in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. IAC/InterActive has a consensus rating of “Buy” and a consensus target price of $67.00.
IAC/InterActive Company Profile
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