Tudor Investment Corp ET AL Invests $4.54 Million in IAC Inc. (NASDAQ:IAC)

Tudor Investment Corp ET AL purchased a new position in shares of IAC Inc. (NASDAQ:IAC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 105,174 shares of the company's stock, valued at approximately $4,537,000. Tudor Investment Corp ET AL owned approximately 0.13% of IAC as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Aster Capital Management DIFC Ltd increased its position in IAC by 287.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock worth $27,000 after buying an additional 457 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in IAC during the fourth quarter worth $41,000. MassMutual Private Wealth & Trust FSB increased its position in IAC by 1,398.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock worth $89,000 after acquiring an additional 1,916 shares during the period. Aquatic Capital Management LLC acquired a new position in IAC during the 4th quarter valued at $135,000. Finally, KBC Group NV boosted its holdings in IAC by 22.8% in the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock valued at $141,000 after purchasing an additional 608 shares during the period. Institutional investors and hedge funds own 88.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on IAC shares. JMP Securities dropped their price objective on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating on the stock in a report on Thursday, February 13th. Truist Financial cut their price target on IAC from $80.00 to $76.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Oppenheimer lowered their price objective on IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Benchmark decreased their price objective on IAC from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, Cowen reiterated a "buy" rating on shares of IAC in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.00.

IAC Trading Down 3.5 %

Shares of NASDAQ:IAC traded down $1.24 during midday trading on Tuesday, hitting $34.11. The company had a trading volume of 1,073,456 shares, compared to its average volume of 774,637. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. IAC Inc. has a 12 month low of $32.05 and a 12 month high of $58.29. The firm has a fifty day simple moving average of $40.12 and a 200 day simple moving average of $43.80. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of -5.23 and a beta of 1.24.

IAC (NASDAQ:IAC - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($2.64) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($3.94) by $1.30. The firm had revenue of $570.49 million for the quarter, compared to analysts' expectations of $809.18 million. IAC had a negative return on equity of 7.98% and a negative net margin of 14.18%. The company's revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. On average, analysts predict that IAC Inc. will post 0.43 EPS for the current year.

IAC Company 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.