BNP Paribas Financial Markets Makes New $1.54 Million Investment in IAC Inc. (NASDAQ:IAC)

BNP Paribas Financial Markets bought a new stake in IAC Inc. (NASDAQ:IAC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 35,701 shares of the company's stock, valued at approximately $1,540,000.

Other hedge funds have also modified their holdings of the company. Applied Fundamental Research LLC raised its position in shares of IAC by 12.1% in the fourth quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company's stock valued at $17,955,000 after buying an additional 44,835 shares during the last quarter. Bryce Point Capital LLC acquired a new stake in shares of IAC in the fourth quarter valued at about $595,000. Barclays PLC raised its position in shares of IAC by 922.5% in the third quarter. Barclays PLC now owns 60,737 shares of the company's stock valued at $3,268,000 after buying an additional 54,797 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of IAC by 4,238.5% in the fourth quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company's stock valued at $9,897,000 after buying an additional 224,131 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of IAC by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 967,260 shares of the company's stock valued at $41,728,000 after buying an additional 19,148 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

IAC Trading Down 0.2%

Shares of IAC stock opened at $37.80 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. The firm has a market cap of $2.80 billion, a PE ratio of -5.80 and a beta of 1.24. The company has a 50-day moving average of $38.75 and a two-hundred day moving average of $42.92. IAC Inc. has a 1-year low of $32.05 and a 1-year high of $55.49.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IAC shares. KeyCorp reduced their target price on shares of IAC from $64.00 to $49.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their target price on shares of IAC from $60.00 to $45.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Benchmark reduced their target price on shares of IAC from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. JMP Securities dropped their price objective on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Finally, UBS Group dropped their price objective on shares of IAC from $54.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.38.

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.

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