33,060 Shares in IAC/InterActiveCorp (NASDAQ:IAC) Bought by Alpine Group USVI LLC

Alpine Group USVI LLC bought a new position in shares of IAC/InterActiveCorp (NASDAQ:IAC) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 33,060 shares of the company’s stock, valued at approximately $7,206,000. IAC/InterActiveCorp makes up about 1.8% of Alpine Group USVI LLC’s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH lifted its holdings in IAC/InterActiveCorp by 0.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 7,834 shares of the company’s stock worth $1,704,000 after buying an additional 64 shares during the last quarter. US Bancorp DE lifted its holdings in IAC/InterActiveCorp by 2.6% during the 2nd quarter. US Bancorp DE now owns 3,097 shares of the company’s stock worth $674,000 after buying an additional 79 shares during the last quarter. Cooper Financial Group lifted its holdings in IAC/InterActiveCorp by 7.3% during the 2nd quarter. Cooper Financial Group now owns 1,223 shares of the company’s stock worth $266,000 after buying an additional 83 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in IAC/InterActiveCorp by 78.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 193 shares of the company’s stock worth $42,000 after buying an additional 85 shares during the last quarter. Finally, Machina Capital S.A.S. lifted its holdings in IAC/InterActiveCorp by 12.2% during the 2nd quarter. Machina Capital S.A.S. now owns 866 shares of the company’s stock worth $188,000 after buying an additional 94 shares during the last quarter. 89.71% of the stock is owned by hedge funds and other institutional investors.

Shares of IAC/InterActiveCorp stock traded up $1.96 on Friday, hitting $227.03. The stock had a trading volume of 2,174,862 shares, compared to its average volume of 933,070. IAC/InterActiveCorp has a 52-week low of $158.29 and a 52-week high of $268.72. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.82. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 40.61 and a beta of 0.90. The company’s 50 day moving average price is $236.29 and its 200 day moving average price is $230.00.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.27. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. IAC/InterActiveCorp had a return on equity of 12.44% and a net margin of 11.99%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 EPS. Analysts predict that IAC/InterActiveCorp will post 4.4 EPS for the current fiscal year.

A number of brokerages have issued reports on IAC. Oppenheimer lifted their price target on IAC/InterActiveCorp from $285.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Jefferies Financial Group lifted their price target on IAC/InterActiveCorp from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 12th. BMO Capital Markets lifted their price target on IAC/InterActiveCorp from $319.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. SunTrust Banks boosted their target price on IAC/InterActiveCorp from $250.00 to $265.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, ValuEngine downgraded IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $288.69.

In other IAC/InterActiveCorp news, EVP Gregg Winiarski sold 73,409 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $253.54, for a total transaction of $18,612,117.86. Following the completion of the sale, the executive vice president now directly owns 206,342 shares of the company’s stock, valued at approximately $52,315,950.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Glenn Schiffman sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $217.37, for a total value of $434,740.00. Over the last ninety days, insiders have sold 184,781 shares of company stock valued at $46,077,625. 11.50% of the stock is owned by company insiders.

IAC/InterActiveCorp Profile

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

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

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