IAC Inc. (NASDAQ:IAC) Shares Sold by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC lessened its stake in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 3.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 410,205 shares of the company's stock after selling 14,033 shares during the period. IAC makes up approximately 0.9% of Joel Isaacson & Co. LLC's holdings, making the stock its 20th largest holding. Joel Isaacson & Co. LLC owned approximately 0.53% of IAC worth $18,845,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Applied Fundamental Research LLC raised its holdings 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 worth $17,955,000 after buying an additional 44,835 shares during the period. Bryce Point Capital LLC purchased a new stake in IAC in the fourth quarter worth $595,000. Proficio Capital Partners LLC boosted its stake in shares of IAC by 4,238.5% during the fourth quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company's stock valued at $9,897,000 after purchasing an additional 224,131 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 worth $41,728,000 after purchasing an additional 19,148 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in IAC by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,906,737 shares of the company's stock worth $341,097,000 after buying an additional 43,772 shares during the period. 88.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IAC. JPMorgan Chase & Co. dropped their target price on shares of IAC from $60.00 to $45.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. KeyCorp reduced their price objective on IAC from $64.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. UBS Group lowered their target price 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 IAC from $60.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, JMP Securities decreased their price objective on IAC from $64.00 to $47.00 and set a "market outperform" rating for the company in a report on Tuesday, June 10th. Two 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.08.

IAC Stock Up 0.6%

NASDAQ IAC traded up $0.24 on Monday, hitting $37.78. The stock had a trading volume of 117,919 shares, compared to its average volume of 830,212. The business's fifty day moving average price is $36.40 and its 200 day moving average price is $40.41. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of -3.91 and a beta of 1.23. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.70 and a quick ratio of 2.70. IAC Inc. has a 52-week low of $32.05 and a 52-week high of $55.40.

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 the consensus estimate of ($3.94) by $1.14. IAC had a negative net margin of 23.25% and a negative return on equity of 11.11%. The firm had revenue of $570.49 million during the quarter, compared to analyst estimates of $809.18 million. During the same period last year, the firm posted $0.51 EPS. IAC's revenue was down 8.6% on a year-over-year basis. Equities research analysts anticipate that IAC Inc. will post 0.43 earnings per share for the current year.

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.