Oppenheimer Asset Management Inc. Purchases 243 Shares of IAC/InterActiveCorp (NASDAQ:IAC)

Oppenheimer Asset Management Inc. lifted its position in shares of IAC/InterActiveCorp (NASDAQ:IACGet Rating) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,654 shares of the company’s stock after acquiring an additional 243 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.06% of IAC/InterActiveCorp worth $6,882,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IAC. Snider Financial Group lifted its holdings in IAC/InterActiveCorp by 4.5% during the 4th quarter. Snider Financial Group now owns 2,132 shares of the company’s stock worth $290,000 after buying an additional 91 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in IAC/InterActiveCorp by 2.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,576 shares of the company’s stock valued at $596,000 after buying an additional 100 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in IAC/InterActiveCorp by 0.7% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,687 shares of the company’s stock valued at $1,914,000 after buying an additional 103 shares in the last quarter. Kestra Advisory Services LLC increased its position in IAC/InterActiveCorp by 3.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 3,506 shares of the company’s stock valued at $457,000 after buying an additional 104 shares in the last quarter. Finally, Signaturefd LLC increased its position in IAC/InterActiveCorp by 7.9% in the 3rd quarter. Signaturefd LLC now owns 1,560 shares of the company’s stock valued at $203,000 after buying an additional 114 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

IAC/InterActiveCorp stock opened at $101.99 on Monday. The company’s 50-day moving average price is $110.80 and its 200-day moving average price is $126.96. IAC/InterActiveCorp has a twelve month low of $93.60 and a twelve month high of $179.12. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.26. The company has a market cap of $8.54 billion, a PE ratio of 16.11 and a beta of 1.21.

Several equities analysts have recently issued reports on IAC shares. Wedbush reduced their target price on IAC/InterActiveCorp from $170.00 to $149.00 in a report on Thursday, February 17th. KeyCorp dropped their price objective on IAC/InterActiveCorp from $190.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday. Credit Suisse Group upped their price objective on IAC/InterActiveCorp from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Thursday, February 17th. BMO Capital Markets dropped their price objective on IAC/InterActiveCorp from $195.00 to $173.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 22nd. Finally, Piper Sandler dropped their price objective on IAC/InterActiveCorp from $168.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, February 17th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, IAC/InterActiveCorp currently has a consensus rating of “Buy” and a consensus target price of $168.62.

About IAC/InterActiveCorp (Get Rating)

IAC is a media and Internet company comprised of some of the world’s most recognized brands and products, such as HomeAdvisor, Vimeo, About.com, Dictionary.com, The Daily Beast, Investopedia, and Match Group’s online dating portfolio, which includes Match, OkCupid and Tinder. Ranked by Fortune magazine’s annual standing of the world’s most admired companies in the Internet Services & Retailing sector for many years, IAC’s family of websites is one of the largest in the world, with over two billion monthly visits reaching users in more than 190 countries.

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

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