Vise Technologies Inc. Purchases Shares of 7,019 IAC Inc. (NASDAQ:IAC)

Vise Technologies Inc. bought a new stake in IAC Inc. (NASDAQ:IACFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,019 shares of the company’s stock, valued at approximately $368,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Segantii Capital Management Ltd acquired a new position in IAC during the 4th quarter valued at about $2,881,000. Parkside Investments LLC increased its stake in shares of IAC by 13.8% in the 4th quarter. Parkside Investments LLC now owns 176,269 shares of the company’s stock valued at $9,233,000 after acquiring an additional 21,400 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in IAC by 66.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,034,411 shares of the company’s stock worth $52,124,000 after purchasing an additional 413,440 shares in the last quarter. International Assets Investment Management LLC bought a new stake in IAC during the 4th quarter worth approximately $2,579,000. Finally, Citigroup Inc. increased its stake in IAC by 9.4% during the 3rd quarter. Citigroup Inc. now owns 15,286 shares of the company’s stock worth $770,000 after purchasing an additional 1,315 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Stock Performance

Shares of IAC traded down $0.21 during trading hours on Wednesday, hitting $57.45. The stock had a trading volume of 642,518 shares, compared to its average volume of 797,602. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.70 and a quick ratio of 2.70. IAC Inc. has a 12 month low of $41.39 and a 12 month high of $69.85. The firm has a market capitalization of $4.61 billion, a PE ratio of -35.94 and a beta of 1.34. The stock has a fifty day moving average price of $51.57 and a 200 day moving average price of $50.98.

IAC (NASDAQ:IACGet Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.53). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.06 billion. IAC had a negative net margin of 2.54% and a negative return on equity of 3.31%. Analysts anticipate that IAC Inc. will post -3.05 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on IAC. StockNews.com raised shares of IAC from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Barclays raised their price target on shares of IAC from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. KeyCorp increased their price objective on IAC from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Monday. Oppenheimer raised their price target on IAC from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Finally, Wells Fargo & Company raised their price target on IAC from $82.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, IAC presently has a consensus rating of “Moderate Buy” and an average target price of $79.92.

Read Our Latest Analysis on IAC

About IAC

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for IAC (NASDAQ:IAC)

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