Highfields Capital Management Lp buys $303,795,043 stake in IAC/InterActiveCorp (IAC)

IAC/InterActiveCorp (IAC) : Highfields Capital Management Lp scooped up 2,560,000 additional shares in IAC/InterActiveCorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 5,116,979 shares of IAC/InterActiveCorp which is valued at $303,795,043.IAC/InterActiveCorp makes up approximately 2.90% of Highfields Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Pomelo Capital reduced its stake in IAC by selling 19,117 shares or 25.49% in the most recent quarter. The Hedge Fund company now holds 55,883 shares of IAC which is valued at $3,317,774. IAC/InterActiveCorp makes up approx 3.78% of Pomelo Capital’s portfolio.Trexquant Investment Lp reduced its stake in IAC by selling 15,174 shares or 47.31% in the most recent quarter. The Hedge Fund company now holds 16,900 shares of IAC which is valued at $1,003,353. IAC/InterActiveCorp makes up approx 0.12% of Trexquant Investment Lp’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in IAC by selling 100,000 shares or 15.63% in the most recent quarter. The Hedge Fund company now holds 540,000 shares of IAC which is valued at $31,838,400. IAC/InterActiveCorp makes up approx 0.14% of State Of New Jersey Common Pension Fund D’s portfolio.

On the company’s financial health, IAC/InterActiveCorp reported $0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.50. The company had revenue of $745.40 million for the quarter, compared to analysts expectations of $748.35 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.

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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