Picton Mahoney Asset Management Has $13.01 Million Holdings in IAC/InterActiveCorp (NASDAQ:IAC)

Picton Mahoney Asset Management boosted its holdings in shares of IAC/InterActiveCorp (NASDAQ:IAC) by 22.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,775 shares of the company’s stock after buying an additional 10,870 shares during the quarter. Picton Mahoney Asset Management owned approximately 0.07% of IAC/InterActiveCorp worth $13,005,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IAC. BlackRock Inc. boosted its holdings in shares of IAC/InterActiveCorp by 10.3% during the first quarter. BlackRock Inc. now owns 5,802,759 shares of the company’s stock worth $1,219,215,000 after acquiring an additional 543,469 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of IAC/InterActiveCorp by 142.0% during the second quarter. BNP Paribas Arbitrage SA now owns 717,369 shares of the company’s stock worth $156,049,000 after acquiring an additional 420,943 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of IAC/InterActiveCorp by 135.0% during the first quarter. Wells Fargo & Company MN now owns 488,265 shares of the company’s stock worth $102,588,000 after acquiring an additional 280,499 shares during the period. SQN Investors LP bought a new stake in shares of IAC/InterActiveCorp during the first quarter worth approximately $47,106,000. Finally, SG Americas Securities LLC boosted its holdings in shares of IAC/InterActiveCorp by 2,113.3% during the second quarter. SG Americas Securities LLC now owns 185,367 shares of the company’s stock worth $40,323,000 after acquiring an additional 176,992 shares during the period. 90.58% of the stock is currently owned by hedge funds and other institutional investors.

IAC has been the subject of several recent research reports. JMP Securities cut IAC/InterActiveCorp from an “outperform” rating to a “market perform” rating and set a $228.02 price target for the company. in a research note on Monday, May 13th. Guggenheim upgraded IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Friday, August 9th. Oppenheimer boosted their price target on IAC/InterActiveCorp from $285.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. BMO Capital Markets boosted their price target on IAC/InterActiveCorp from $319.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Citigroup boosted their price target on IAC/InterActiveCorp from $285.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $287.37.



In related news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $220.69, for a total value of $441,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael H. Schwerdtman sold 6,676 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $255.55, for a total value of $1,706,051.80. The disclosure for this sale can be found here. Insiders sold 13,676 shares of company stock valued at $3,295,272 over the last 90 days. 11.50% of the stock is currently owned by company insiders.

Shares of NASDAQ:IAC traded down $4.78 during trading on Friday, hitting $255.88. 688,936 shares of the company were exchanged, compared to its average volume of 858,975. The company has a market capitalization of $21.84 billion, a P/E ratio of 45.77, a price-to-earnings-growth ratio of 3.87 and a beta of 0.96. IAC/InterActiveCorp has a 1-year low of $158.29 and a 1-year high of $268.72. The business’s 50 day moving average is $241.25 and its 200-day moving average is $225.26. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.82.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the Zacks’ 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%. IAC/InterActiveCorp’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.32 earnings per share. As a group, sell-side analysts anticipate that IAC/InterActiveCorp will post 4.46 earnings per share for the current year.

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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