Schonfeld Strategic Advisors LLC Has $1.91 Million Stock Position in IAC Inc. (NASDAQ:IAC)

Schonfeld Strategic Advisors LLC grew its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 806.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,352 shares of the company's stock after purchasing an additional 39,458 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.06% of IAC worth $1,913,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in IAC by 58.2% during the fourth quarter. AQR Capital Management LLC now owns 167,488 shares of the company's stock worth $7,194,000 after buying an additional 61,627 shares in the last quarter. Northern Trust Corp raised its stake in shares of IAC by 6.8% in the fourth quarter. Northern Trust Corp now owns 467,587 shares of the company's stock valued at $20,172,000 after acquiring an additional 29,627 shares during the last quarter. III Capital Management bought a new position in shares of IAC in the fourth quarter valued at approximately $4,314,000. Tudor Investment Corp ET AL bought a new position in shares of IAC in the fourth quarter valued at approximately $4,537,000. Finally, Aquatic Capital Management LLC bought a new position in shares of IAC in the fourth quarter valued at approximately $135,000. 88.90% of the stock is owned by institutional investors and hedge funds.

IAC Trading Up 0.7%

IAC traded up $0.25 during trading on Friday, reaching $37.02. 1,617,634 shares of the company's stock were exchanged, compared to its average volume of 774,061. The company's fifty day moving average price is $39.33 and its 200-day moving average price is $43.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. IAC Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $58.29. The firm has a market capitalization of $2.87 billion, a PE ratio of -5.68 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) EPS for the quarter, topping analysts' consensus estimates of ($3.94) by $1.14. IAC had a negative net margin of 14.18% and a negative return on equity of 7.98%. The firm had revenue of $570.49 million during the quarter, compared to analyst estimates of $809.18 million. During the same quarter in the previous year, the business earned $0.51 EPS. The business's quarterly revenue was down 8.6% compared to the same quarter last year. As a group, equities analysts forecast that IAC Inc. will post 0.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IAC. 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. Benchmark cut their target price on shares of IAC from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. 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. Cowen reiterated a "buy" rating on shares of IAC in a research note on Monday, May 5th. Finally, Barclays cut their target price on shares of IAC from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.43.

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.