Gotham Asset Management LLC Has $1.13 Million Stock Holdings in IAC Inc. (NASDAQ:IAC)

Gotham Asset Management LLC grew its stake in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 68.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,244 shares of the company's stock after buying an additional 10,659 shares during the quarter. Gotham Asset Management LLC's holdings in IAC were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IAC. Corvex Management LP raised its position in shares of IAC by 61.8% during the 4th quarter. Corvex Management LP now owns 2,410,370 shares of the company's stock worth $103,983,000 after buying an additional 920,875 shares in the last quarter. Norges Bank bought a new stake in shares of IAC in the 4th quarter worth approximately $38,817,000. Joel Isaacson & Co. LLC raised its holdings in shares of IAC by 553.6% in the 4th quarter. Joel Isaacson & Co. LLC now owns 424,238 shares of the company's stock worth $18,302,000 after purchasing an additional 359,327 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of IAC by 87.9% in the 4th quarter. Brown Advisory Inc. now owns 764,187 shares of the company's stock worth $32,967,000 after purchasing an additional 357,442 shares in the last quarter. Finally, Highbridge Capital Management LLC raised its holdings in shares of IAC by 223.5% in the 4th quarter. Highbridge Capital Management LLC now owns 351,681 shares of the company's stock worth $15,172,000 after purchasing an additional 242,982 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors.

IAC Stock Down 0.6%

IAC traded down $0.22 on Friday, reaching $36.31. 889,421 shares of the company traded hands, compared to its average volume of 789,083. The stock's 50 day moving average price is $37.91 and its 200-day moving average price is $42.57. IAC Inc. has a 52-week low of $32.05 and a 52-week high of $55.40. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -5.57 and a beta of 1.24. 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 announced its quarterly earnings data on Monday, May 5th. The company reported ($2.80) EPS for the quarter, beating analysts' consensus estimates of ($3.94) by $1.14. The firm had revenue of $570.49 million for the quarter, compared to the consensus estimate of $809.18 million. IAC had a negative net margin of 14.18% and a negative return on equity of 7.98%. The firm's revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, sell-side analysts expect that IAC Inc. will post 0.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on IAC shares. Piper Sandler dropped their target price on shares of IAC from $54.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Citigroup dropped their target price on shares of IAC from $47.55 to $45.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group dropped their target price on shares of IAC from $54.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Truist Financial dropped their target price on shares of IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a research 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 on the stock in a research report on Thursday, February 13th. Two investment 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, IAC presently has an average rating of "Moderate Buy" and a consensus target price of $55.38.

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.