Two Sigma Advisers LP Has $776,000 Position in IAC Inc. (NASDAQ:IAC)

Two Sigma Advisers LP boosted its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 99.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,992 shares of the company's stock after acquiring an additional 8,975 shares during the quarter. Two Sigma Advisers LP's holdings in IAC were worth $776,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IAC. Aster Capital Management DIFC Ltd boosted its holdings in shares of IAC by 287.4% in 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in IAC during the fourth quarter worth approximately $41,000. Aquatic Capital Management LLC acquired a new stake in IAC in the fourth quarter worth approximately $135,000. Allworth Financial LP boosted its stake in IAC by 1,193.4% during 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 in the last quarter. Finally, KBC Group NV boosted its stake in IAC by 22.8% during 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 in the last quarter. Institutional investors own 88.90% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Cowen reissued a "buy" rating on shares of IAC in a research note on Monday, May 5th. Truist Financial dropped their price target 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. Oppenheimer cut their price target on shares of IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. JMP Securities lowered their price objective on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. Finally, 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 report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, IAC presently has an average rating of "Moderate Buy" and a consensus target price of $55.38.

IAC Trading Down 0.8%

Shares of NASDAQ:IAC traded down $0.29 during mid-day trading on Friday, hitting $35.98. The stock had a trading volume of 1,051,411 shares, compared to its average volume of 806,880. The company's 50 day moving average is $35.76 and its 200-day moving average is $41.70. IAC Inc. has a 12-month low of $32.05 and a 12-month high of $55.40. 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 $2.66 billion, a PE ratio of -5.52 and a beta of 1.24.

IAC (NASDAQ:IAC - Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($2.80) earnings per share (EPS) for the quarter, beating 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 in the prior year, the company earned $0.51 earnings per share. The company's revenue for the quarter was down 8.6% on a year-over-year basis. On average, sell-side analysts predict that IAC Inc. will post 0.43 EPS for the current year.

IAC 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.