IAC Inc. (NASDAQ:IAC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 28.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,045,915 shares of the company's stock after selling 801,584 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 2.54% of IAC worth $88,261,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IAC. Commonwealth Equity Services LLC raised 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 valued at $497,000 after buying an additional 320 shares during the period. Aster Capital Management DIFC Ltd raised its holdings in 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 purchasing an additional 457 shares during the last quarter. Illinois Municipal Retirement Fund lifted 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 worth $1,654,000 after acquiring an additional 531 shares in the last quarter. KBC Group NV boosted its position in IAC by 22.8% during the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock worth $141,000 after acquiring an additional 608 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of IAC by 0.7% during the 4th quarter. Sanctuary Advisors LLC now owns 98,966 shares of the company's stock worth $4,188,000 after purchasing an additional 659 shares during the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

IAC Price Performance

Shares of IAC traded down $0.60 during trading hours on Friday, hitting $35.71. 187,298 shares of the stock were exchanged, compared to its average volume of 791,240. 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 stock's 50-day moving average price is $36.93 and its two-hundred day moving average price is $42.08. The company has a market cap of $2.64 billion, a price-to-earnings ratio of -5.50 and a beta of 1.24. IAC Inc. has a 12-month low of $32.05 and a 12-month high of $55.40.

IAC (NASDAQ:IAC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($2.80) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $570.49 million for the quarter, compared to the consensus estimate of $809.18 million. During the same quarter in the previous year, the business earned $0.51 EPS. The company's quarterly revenue was down 8.6% compared to the same quarter last year. Research analysts expect that IAC Inc. will post 0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IAC has been the topic of a number of recent research reports. KeyCorp cut their price target on IAC from $64.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Truist Financial decreased their price objective on IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target 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. Oppenheimer dropped their price objective on IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, Piper Sandler dropped their price target on IAC from $54.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.