IAC Inc. (NASDAQ:IAC) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. raised its position in IAC Inc. (NASDAQ:IAC - Free Report) by 87.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 764,187 shares of the company's stock after buying an additional 357,442 shares during the quarter. Brown Advisory Inc. owned about 0.95% of IAC worth $32,967,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Applied Fundamental Research LLC raised its holdings in IAC by 12.1% during the fourth quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company's stock worth $17,955,000 after purchasing an additional 44,835 shares during the last quarter. Bryce Point Capital LLC acquired a new position in shares of IAC during the 4th quarter worth $595,000. Barclays PLC grew its stake in IAC by 922.5% in the 3rd quarter. Barclays PLC now owns 60,737 shares of the company's stock valued at $3,268,000 after acquiring an additional 54,797 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in IAC by 4,238.5% during the 4th quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company's stock valued at $9,897,000 after acquiring an additional 224,131 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in IAC by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 967,260 shares of the company's stock worth $41,728,000 after acquiring an additional 19,148 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

IAC Stock Up 0.7 %

NASDAQ IAC traded up $0.25 during trading hours on Friday, hitting $37.02. The company had a trading volume of 1,617,634 shares, compared to its average volume of 774,061. The firm's 50 day moving average is $39.33 and its 200 day moving average is $43.40. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of -5.68 and a beta of 1.24. IAC Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $58.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75.

IAC (NASDAQ:IAC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($2.80) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($3.94) by $1.14. IAC had a negative net margin of 14.18% and a negative return on equity of 7.98%. The company had revenue of $570.49 million for the quarter, compared to analyst estimates of $809.18 million. During the same quarter last year, the firm posted $0.51 earnings per share. The business's quarterly revenue was down 8.6% on a year-over-year basis. Sell-side analysts anticipate that IAC Inc. will post 0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on IAC from $60.00 to $45.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group reduced their price objective on IAC from $60.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday. JMP Securities lowered their target price on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Oppenheimer cut their price target on IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Finally, Cowen restated a "buy" rating on shares of IAC in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $57.43.

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.