TRU Independence Asset Management 2 LLC bought a new position in shares of IAC/InterActiveCorp (NASDAQ:IAC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 140 shares of the company’s stock, valued at approximately $27,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC bought a new position in shares of IAC/InterActiveCorp during the fourth quarter worth approximately $25,000. Tacita Capital Inc bought a new position in IAC/InterActiveCorp during the 4th quarter worth $27,000. Encompass Wealth Advisors LLC bought a new position in IAC/InterActiveCorp during the 4th quarter worth $27,000. Eudaimonia Partners LLC increased its stake in IAC/InterActiveCorp by 575.7% during the 3rd quarter. Eudaimonia Partners LLC now owns 1,000 shares of the company’s stock worth $29,000 after acquiring an additional 852 shares during the period. Finally, Paces Ferry Wealth Advisors LLC bought a new position in IAC/InterActiveCorp during the 3rd quarter worth $29,000. Institutional investors own 82.71% of the company’s stock.
IAC has been the topic of a number of recent research reports. KeyCorp raised their price objective on IAC/InterActiveCorp from $265.00 to $276.00 and gave the stock an “overweight” rating in a research note on Monday, March 29th. Deutsche Bank Aktiengesellschaft raised their target price on IAC/InterActiveCorp from $230.00 to $265.00 and gave the company a “buy” rating in a report on Friday, February 5th. Truist raised their target price on IAC/InterActiveCorp from $200.00 to $250.00 in a report on Friday, February 5th. Piper Sandler raised their target price on IAC/InterActiveCorp from $240.00 to $267.00 and gave the company an “overweight” rating in a report on Friday, February 5th. Finally, Credit Suisse Group raised their price objective on IAC/InterActiveCorp from $208.00 to $253.00 and gave the company an “outperform” rating in a report on Monday, February 1st. Three research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $228.83.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, February 3rd. The company reported $5.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.52) by $6.11. The business had revenue of $848.82 million for the quarter, compared to the consensus estimate of $816.45 million. The company’s revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 EPS. As a group, sell-side analysts expect that IAC/InterActiveCorp will post -0.73 EPS for the current fiscal year.
IAC/InterActiveCorp operates as a media and internet company worldwide. The company offers digital marketplace service which connects consumers with service professionals for repairing, remodeling, cleaning, and landscaping solutions under the HomeAdvisor, Angie's List, and Handy brands; Vimeo, a cloud-based software platform for professionals, teams, and organizations to create, collaborate, and communicate with video; and Dotdash, a portfolio of digital publishing brands that provides information and inspiration in select vertical content categories, as well as provides original and engaging digital content in a various formats, including articles, illustrations, videos, and images.
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