IAC Inc. (NASDAQ:IAC) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its stake in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 43.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,900 shares of the company's stock after selling 12,103 shares during the period. Marshall Wace LLP's holdings in IAC were worth $686,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Guggenheim Capital LLC acquired a new stake in IAC during the 4th quarter worth approximately $211,000. Raymond James Financial Inc. acquired a new stake in shares of IAC in the fourth quarter worth $8,015,000. Renaissance Technologies LLC raised its stake in shares of IAC by 82.2% in the 4th quarter. Renaissance Technologies LLC now owns 98,627 shares of the company's stock valued at $4,255,000 after acquiring an additional 44,500 shares during the period. Invesco Ltd. lifted its holdings in shares of IAC by 24.7% during the 4th quarter. Invesco Ltd. now owns 341,507 shares of the company's stock valued at $14,733,000 after acquiring an additional 67,746 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of IAC during the 4th quarter valued at $395,000. Institutional investors and hedge funds own 88.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial cut their price objective on IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. KeyCorp dropped their target price on IAC from $64.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday. JMP Securities decreased their price target on IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Citigroup lowered their price objective on shares of IAC from $47.55 to $45.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, UBS Group reduced their target price on shares of IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.00.

IAC Stock Up 0.1 %

IAC stock traded up $0.04 during midday trading on Monday, hitting $35.35. The stock had a trading volume of 1,022,480 shares, compared to its average volume of 773,068. The business has a fifty day moving average price of $40.32 and a 200 day moving average price of $43.93. IAC Inc. has a 12 month low of $32.05 and a 12 month high of $58.29. The stock has a market cap of $2.74 billion, a P/E ratio of -5.42 and a beta of 1.24. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31.

IAC (NASDAQ:IAC - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($2.80) EPS for the quarter, missing the consensus estimate of ($0.72) by ($2.08). IAC had a negative return on equity of 7.98% and a negative net margin of 14.18%. Research analysts predict 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.