Shufro Rose & Co. LLC Has $1.27 Million Stock Position in IAC Inc. (NASDAQ:IAC)

Shufro Rose & Co. LLC trimmed its holdings in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,450 shares of the company's stock after selling 8,250 shares during the period. Shufro Rose & Co. LLC's holdings in IAC were worth $1,270,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IAC. Aster Capital Management DIFC Ltd boosted its stake in shares of IAC by 287.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock worth $27,000 after buying an additional 457 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in IAC in the 4th quarter valued at about $41,000. Aquatic Capital Management LLC acquired a new stake in IAC in the 4th quarter valued at about $135,000. Allworth Financial LP lifted its stake in IAC by 1,193.4% in the 4th 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 last quarter. Finally, KBC Group NV lifted its stake in IAC by 22.8% in the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock valued at $141,000 after purchasing an additional 608 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IAC shares. Cowen reiterated a "buy" rating on shares of IAC in a research note on Monday, May 5th. Citigroup cut their target price on shares of IAC from $47.55 to $45.00 and set a "buy" rating for the company in a research note on Friday, April 25th. JMP Securities cut 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 note on Thursday, February 13th. Piper Sandler cut their target price on shares of IAC from $54.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Truist Financial cut their target price on shares of IAC from $80.00 to $76.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, IAC presently has an average rating of "Moderate Buy" and a consensus price target of $55.38.

IAC Stock Performance

Shares of IAC traded down $0.20 during mid-day trading on Thursday, hitting $36.31. 840,341 shares of the company's stock were exchanged, compared to its average volume of 792,291. IAC Inc. has a 52 week low of $32.05 and a 52 week high of $55.40. The stock's 50-day simple moving average is $37.21 and its 200-day simple moving average is $42.21. The firm 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 quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31.

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

About IAC

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.