IAC Inc. (NASDAQ:IAC) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its position in IAC Inc. (NASDAQ:IAC) by 1.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 100,760 shares of the company’s stock after selling 1,716 shares during the period. Heritage Investors Management Corp’s holdings in IAC were worth $5,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Davis Selected Advisers increased its position in shares of IAC by 16.9% in the third quarter. Davis Selected Advisers now owns 2,960,918 shares of the company’s stock worth $149,201,000 after acquiring an additional 428,065 shares in the last quarter. FMR LLC raised its position in IAC by 6.8% in the third quarter. FMR LLC now owns 1,470,853 shares of the company’s stock valued at $74,116,000 after purchasing an additional 93,467 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of IAC by 8.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,436,247 shares of the company’s stock worth $72,372,000 after purchasing an additional 107,878 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of IAC by 25.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,299,646 shares of the company’s stock worth $68,075,000 after buying an additional 265,235 shares during the period. Finally, Newtyn Management LLC grew its stake in shares of IAC by 3.3% in the third quarter. Newtyn Management LLC now owns 930,000 shares of the company’s stock valued at $46,863,000 after buying an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analyst Ratings Changes

IAC has been the subject of a number of analyst reports. KeyCorp decreased their price target on IAC from $72.00 to $64.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Barclays upped their target price on shares of IAC from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday. Truist Financial lifted their price target on shares of IAC from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. UBS Group upped their price objective on shares of IAC from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, Oppenheimer lifted their target price on IAC from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.77.

IAC Stock Up 0.5 %

IAC stock traded up $0.25 during midday trading on Thursday, hitting $55.32. The stock had a trading volume of 1,038,862 shares, compared to its average volume of 799,836. The business has a fifty day moving average price of $51.45 and a 200 day moving average price of $50.58. IAC Inc. has a 12 month low of $41.39 and a 12 month high of $69.85. The stock has a market cap of $4.44 billion, a P/E ratio of 22.31 and a beta of 1.34. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30.

IAC (NASDAQ:IAC) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.53). IAC had a net margin of 6.09% and a negative return on equity of 4.15%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. Research analysts predict that IAC Inc. will post -2.02 EPS for the current year.

IAC Profile

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.