Captrust Financial Advisors raised its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 925.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,678 shares of the company's stock after buying an additional 48,445 shares during the quarter. Captrust Financial Advisors owned 0.07% of IAC worth $2,316,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its holdings in shares of IAC by 2.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company's stock valued at $497,000 after purchasing an additional 320 shares in the last quarter. Aster Capital Management DIFC Ltd raised its position in shares of IAC by 287.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock worth $27,000 after acquiring an additional 457 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of IAC by 1.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 38,348 shares of the company's stock valued at $1,654,000 after acquiring an additional 531 shares during the period. KBC Group NV lifted its stake in shares of IAC by 22.8% during the fourth quarter. KBC Group NV now owns 3,278 shares of the company's stock valued at $141,000 after acquiring an additional 608 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in IAC by 0.7% in the fourth quarter. Sanctuary Advisors LLC now owns 98,966 shares of the company's stock valued at $4,188,000 after acquiring an additional 659 shares during the last quarter. 88.90% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have weighed in on IAC. UBS Group dropped their price objective on IAC from $54.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. The Goldman Sachs Group dropped their price target on shares of IAC from $60.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Barclays cut their price objective on shares of IAC from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Oppenheimer lowered their target price on shares of IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Finally, JMP Securities dropped 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 report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $55.38.
Get Our Latest Research Report on IAC
IAC Trading Down 2.6%
IAC stock traded down $1.00 during midday trading on Thursday, hitting $37.89. 1,093,339 shares of the company's stock were exchanged, compared to its average volume of 783,864. IAC Inc. has a one year low of $32.05 and a one year high of $58.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The company has a market cap of $2.81 billion, a PE ratio of -5.81 and a beta of 1.24. The stock's fifty day moving average price is $39.00 and its 200-day moving average price is $43.20.
IAC (NASDAQ:IAC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($2.80) earnings per share for the quarter, beating the consensus estimate of ($3.94) by $1.14. IAC had a negative return on equity of 7.98% and a negative net margin of 14.18%. The business had revenue of $570.49 million for the quarter, compared to analysts' expectations of $809.18 million. During the same quarter in the previous year, the business posted $0.51 EPS. IAC's revenue for the quarter was down 8.6% on a year-over-year basis. Research analysts predict that IAC Inc. will post 0.43 earnings per share for the current fiscal year.
IAC Profile
(
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.
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