IAC/InterActiveCorp (IAC) Shares Bought by UBS Group AG

UBS Group AG increased its stake in shares of IAC/InterActiveCorp (NYSE:IAC) by 14.7% during the third quarter, Holdings Channel reports. The firm owned 73,605 shares of the company’s stock after buying an additional 9,426 shares during the period. UBS Group AG owned about 0.09% of IAC/InterActiveCorp worth $4,598,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Artisan Partners Limited Partnership bought a new stake in IAC/InterActiveCorp during the second quarter valued at $123,187,000. Luxor Capital Group LP bought a new stake in IAC/InterActiveCorp during the second quarter valued at $113,704,000. TIAA CREF Investment Management LLC increased its stake in IAC/InterActiveCorp by 776.4% in the third quarter. TIAA CREF Investment Management LLC now owns 1,937,493 shares of the company’s stock valued at $121,035,000 after buying an additional 1,716,428 shares during the period. Teachers Advisors LLC increased its stake in IAC/InterActiveCorp by 2,552.3% in the third quarter. Teachers Advisors LLC now owns 1,624,434 shares of the company’s stock valued at $101,478,000 after buying an additional 1,563,187 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in IAC/InterActiveCorp by 1,490.3% in the third quarter. Canada Pension Plan Investment Board now owns 1,588,700 shares of the company’s stock valued at $99,246,000 after buying an additional 1,488,799 shares during the period.

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

Shares of IAC/InterActiveCorp (NYSE:IAC) traded down 1.21% during mid-day trading on Friday, hitting $75.89. 931,444 shares of the company were exchanged. The company has a 50 day moving average of $70.26 and a 200 day moving average of $64.49. IAC/InterActiveCorp has a 52 week low of $41.74 and a 52 week high of $77.46. The company’s market capitalization is $5.90 billion.

IAC/InterActiveCorp (NYSE:IAC) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.43. The business earned $811.20 million during the quarter, compared to the consensus estimate of $781.60 million. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities analysts anticipate that IAC/InterActiveCorp will post $3.40 earnings per share for the current year.

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IAC has been the subject of several recent research reports. Benchmark Co. boosted their target price on shares of IAC/InterActiveCorp from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, November 4th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $91.00 target price (up from $74.00) on shares of IAC/InterActiveCorp in a research report on Sunday, November 6th. Needham & Company LLC reissued a “buy” rating and set a $84.00 target price (up from $75.00) on shares of IAC/InterActiveCorp in a research report on Friday, February 3rd. Zacks Investment Research downgraded shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $74.00 target price (up from $60.00) on shares of IAC/InterActiveCorp in a research report on Sunday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $80.00.

IAC/InterActiveCorp Company Profile

5 Day Chart for NYSE:IAC

Want to see what other hedge funds are holding IAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IAC/InterActiveCorp (NYSE:IAC).

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