Kazazian Asset Management buys $555,169 stake in IAC/InterActiveCorp (IAC)

IAC/InterActiveCorp (IAC) : Kazazian Asset Management scooped up 2,020 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 9,351 shares of IAC/InterActiveCorp which is valued at $555,169.IAC/InterActiveCorp makes up approximately 0.86% of Kazazian Asset Management’s portfolio.

Other Hedge Funds, Including , South Street Advisors sold out all of its stake in IAC during the most recent quarter. The investment firm sold 156,535 shares of IAC which is valued $9,293,483. Raymond James Financial Services Advisors added IAC to its portfolio by purchasing 4,173 company shares during the most recent quarter which is valued at $247,751.Regentatlantic Capital reduced its stake in IAC by selling 8,065 shares or 58.63% in the most recent quarter. The Hedge Fund company now holds 5,690 shares of IAC which is valued at $339,636. IAC/InterActiveCorp makes up approx 0.03% of Regentatlantic Capital’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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