IAC Inc. (NASDAQ:IAC) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of IAC Inc. (NASDAQ:IAC) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,065,171 shares of the company’s stock after selling 276,944 shares during the quarter. Vanguard Group Inc. owned 0.09% of IAC worth $370,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IAC. Norges Bank purchased a new stake in IAC during the fourth quarter worth about $39,426,000. First Trust Advisors LP purchased a new stake in IAC during the fourth quarter worth about $27,053,000. TimesSquare Capital Management LLC boosted its holdings in IAC by 66.6% during the third quarter. TimesSquare Capital Management LLC now owns 1,034,411 shares of the company’s stock worth $52,124,000 after buying an additional 413,440 shares in the last quarter. Scopus Asset Management L.P. boosted its holdings in IAC by 100.0% during the third quarter. Scopus Asset Management L.P. now owns 550,000 shares of the company’s stock worth $27,714,000 after buying an additional 275,000 shares in the last quarter. Finally, Freshford Capital Management LLC boosted its holdings in IAC by 18.7% during the fourth quarter. Freshford Capital Management LLC now owns 1,645,314 shares of the company’s stock worth $86,182,000 after buying an additional 259,000 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

IAC Stock Performance

Shares of IAC opened at $46.75 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.70 and a current ratio of 2.70. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of -29.59 and a beta of 1.34. The company’s 50 day simple moving average is $50.38 and its 200 day simple moving average is $51.57. IAC Inc. has a 1 year low of $41.39 and a 1 year high of $69.85.

IAC (NASDAQ:IAC) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.93) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.14) by $0.21. The business had revenue of $929.68 million for the quarter, compared to the consensus estimate of $937.68 million. IAC had a negative net margin of 2.54% and a negative return on equity of 3.31%. On average, sell-side analysts predict that IAC Inc. will post 0.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Truist Financial boosted their price objective on shares of IAC from $80.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Citigroup reduced their price target on shares of IAC from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Wells Fargo & Company upped their price target on shares of IAC from $82.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. KeyCorp upped their price target on shares of IAC from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Finally, StockNews.com downgraded shares of IAC from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, IAC currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.92.

About IAC

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.