Sqn Investors Lp buys $20,360,417 stake in IAC/InterActiveCorp (IAC)

IAC/InterActiveCorp (IAC) : Sqn Investors Lp scooped up 51,500 additional shares in IAC/InterActiveCorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 311,036 shares of IAC/InterActiveCorp which is valued at $20,360,417.IAC/InterActiveCorp makes up approximately 14.53% of Sqn Investors Lp’s portfolio.

Other Hedge Funds, Including , Blackrock Japan Ltd reduced its stake in IAC by selling 53,386 shares or 98.36% in the most recent quarter. The Hedge Fund company now holds 891 shares of IAC which is valued at $57,862.Blackrock Group Ltd reduced its stake in IAC by selling 31,062 shares or 14.55% in the most recent quarter. The Hedge Fund company now holds 182,483 shares of IAC which is valued at $11,850,446. IAC/InterActiveCorp makes up approx 0.01% of Blackrock Group Ltd’s portfolio.Nordea Investment Management Ab boosted its stake in IAC in the latest quarter, The investment management firm added 8,150 additional shares and now holds a total of 19,160 shares of IAC/InterActiveCorp which is valued at $1,187,345.

On the company’s financial health, IAC/InterActiveCorp reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.68. The company had revenue of $764.00 million for the quarter, compared to analysts expectations of $757.07 million. The company’s revenue was down -8.9 % compared to the same quarter last year.

Many Wall Street Analysts have commented on IAC/InterActiveCorp. Aegis Capital Initiated IAC/InterActiveCorp on Nov 18, 2016 to “Buy”, Price Target of the shares are set at $80.Company shares were Reiterated by The Benchmark Company on Nov 4, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $80 .IAC/InterActiveCorp was Initiated by JP Morgan to “Overweight” on Oct 11, 2016.

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company operates through four segments: Search & Applications, The Match Group, Media and eCommerce. The Search & Applications segment consists of: Websites through, which the Company provides search services, content and other services, and applicationsluding its direct-to-consumer downloadable applications operations (B2C), partnership operations (B2B), SlimWare and Apalon. The Match Group segment consists of its North America dating businesses, International dating businesses and non-dating businesses. The Media segment consists of Vimeo, which offers video creators tools; Electus, a multimedia entertainment studio, and The Daily Beast, a Website dedicated to news, commentary, culture and entertainment. The eCommerce segment consists of HomeAdvisor, an online marketplace for matching consumers with home services professionals, and ShoeBuy, an Internet retailer of footwear and related apparel and accessories.

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