Two Sigma Investments LP Increases Stock Position in IAC Inc. (NASDAQ:IAC)

Two Sigma Investments LP increased its stake in IAC Inc. (NASDAQ:IAC - Free Report) by 410.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,754 shares of the company's stock after purchasing an additional 72,155 shares during the period. Two Sigma Investments LP owned approximately 0.11% of IAC worth $3,872,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its position in IAC by 287.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock valued at $27,000 after acquiring an additional 457 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in IAC during the fourth quarter valued at approximately $41,000. Aquatic Capital Management LLC bought a new position in IAC during the fourth quarter valued at approximately $135,000. KBC Group NV grew its position in 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 last quarter. Finally, Allworth Financial LP boosted its stake in shares of IAC by 1,193.4% during the fourth quarter. Allworth Financial LP now owns 3,337 shares of the company's stock valued at $139,000 after purchasing an additional 3,079 shares during the period. 88.90% of the stock is currently owned by institutional investors.

IAC Trading Down 0.9%

IAC stock traded down $0.34 on Monday, reaching $35.62. The company's stock had a trading volume of 1,298,556 shares, compared to its average volume of 800,185. The business has a fifty day simple moving average of $36.39 and a two-hundred day simple moving average of $41.85. IAC Inc. has a 12-month low of $32.05 and a 12-month high of $55.40. The firm has a market cap of $2.64 billion, a PE ratio of -5.46 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80.

IAC (NASDAQ:IAC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($2.80) EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $570.49 million during 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 firm's revenue was down 8.6% on a year-over-year basis. As a group, research analysts forecast that IAC Inc. will post 0.43 EPS for the current year.

Wall Street Analyst Weigh In

IAC has been the subject of a number of analyst reports. Citigroup dropped their price objective on IAC from $47.55 to $45.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on IAC from $60.00 to $45.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Oppenheimer dropped their price objective on IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Cowen reissued a "buy" rating on shares of IAC in a research note on Monday, May 5th. Finally, The Goldman Sachs Group dropped their price objective on IAC from $60.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.