MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.57 Million Position in IAC Inc. (NASDAQ:IAC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 20.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,376 shares of the company's stock after selling 9,604 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in IAC were worth $1,569,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its position in IAC by 2.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company's stock worth $497,000 after buying an additional 320 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings 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 period. Illinois Municipal Retirement Fund boosted its holdings in IAC by 1.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 38,348 shares of the company's stock valued at $1,654,000 after acquiring an additional 531 shares during the period. KBC Group NV boosted its holdings 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 period. Finally, Sanctuary Advisors LLC boosted its holdings in IAC by 0.7% during the fourth quarter. Sanctuary Advisors LLC now owns 98,966 shares of the company's stock valued at $4,188,000 after acquiring an additional 659 shares during the period. 88.90% of the stock is owned by institutional investors and hedge funds.

IAC Price Performance

Shares of NASDAQ IAC traded up $0.16 during mid-day trading on Thursday, hitting $36.67. 156,209 shares of the stock were exchanged, compared to its average volume of 789,613. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The company has a market cap of $2.72 billion, a P/E ratio of -5.62 and a beta of 1.24. The stock's fifty day simple moving average is $37.21 and its two-hundred day simple moving average is $42.21. IAC Inc. has a twelve month low of $32.05 and a twelve month high of $55.40.

IAC (NASDAQ:IAC - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported ($2.80) earnings per share for the quarter, beating analysts' consensus estimates of ($3.94) by $1.14. The business 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 for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. As a group, analysts forecast that IAC Inc. will post 0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

IAC has been the subject of several research reports. UBS Group reduced their target price on shares of IAC from $54.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. 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 note on Tuesday, April 22nd. Cowen reiterated a "buy" rating on shares of IAC in a research note on Monday, May 5th. JMP Securities cut their price target 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. Finally, The Goldman Sachs Group cut their price target on shares of IAC from $60.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $55.38.

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.