IAC Inc. (NASDAQ:IAC) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in IAC Inc. (NASDAQ:IAC - Free Report) by 48.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,420 shares of the company's stock after purchasing an additional 23,531 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of IAC worth $3,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its position in IAC by 204.2% during the first quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the company's stock worth $38,000 after buying an additional 490 shares in the last quarter. Lazard Asset Management LLC grew its position in IAC by 71.7% during the second quarter. Lazard Asset Management LLC now owns 1,149 shares of the company's stock worth $72,000 after buying an additional 480 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in IAC during the first quarter worth approximately $72,000. MetLife Investment Management LLC acquired a new stake in IAC during the first quarter worth approximately $153,000. Finally, Spire Wealth Management grew its position in IAC by 23.1% during the third quarter. Spire Wealth Management now owns 1,612 shares of the company's stock worth $81,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on IAC. KeyCorp raised their target price on IAC from $68.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, February 13th. Truist Financial boosted their target price on IAC from $77.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. Barclays boosted their target price on IAC from $62.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Finally, UBS Group boosted their price objective on IAC from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $78.69.

IAC Stock Performance

IAC stock traded down $0.31 during trading on Wednesday, hitting $47.06. The stock had a trading volume of 382,430 shares, compared to its average volume of 554,754. IAC Inc. has a 1 year low of $41.39 and a 1 year high of $69.85. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.30. The stock's 50 day moving average is $52.87 and its two-hundred day moving average is $50.27. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 18.98 and a beta of 1.32.

IAC (NASDAQ:IAC - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.53). The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.06 billion. IAC had a negative return on equity of 4.15% and a net margin of 6.09%. As a group, analysts predict that IAC Inc. will post -1.99 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.