TimesSquare Capital Management LLC Increases Stock Position in IAC Inc. (NASDAQ:IAC)

TimesSquare Capital Management LLC raised its position in IAC Inc. (NASDAQ:IAC - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,299,646 shares of the company's stock after acquiring an additional 265,235 shares during the quarter. TimesSquare Capital Management LLC owned approximately 1.62% of IAC worth $68,075,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IAC. SG Americas Securities LLC lifted its position in IAC by 130.3% during the third quarter. SG Americas Securities LLC now owns 5,542 shares of the company's stock valued at $279,000 after purchasing an additional 3,136 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of IAC by 1,116.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,171 shares of the company's stock valued at $210,000 after acquiring an additional 3,828 shares during the period. Commonwealth Equity Services LLC increased its holdings in IAC by 82.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,990 shares of the company's stock worth $453,000 after acquiring an additional 4,051 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in IAC by 17.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 152,518 shares of the company's stock worth $7,685,000 after acquiring an additional 22,321 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in IAC by 16.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,416 shares of the company's stock valued at $726,000 after purchasing an additional 1,992 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IAC shares. Barclays increased their price target on IAC from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Thursday. KeyCorp reduced their price objective on IAC from $72.00 to $64.00 and set an "overweight" rating on the stock in a research note on Friday, May 3rd. Oppenheimer boosted their target price on shares of IAC from $65.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday. Citigroup dropped their price target on IAC from $72.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday. Finally, UBS Group upped their price objective on IAC from $60.00 to $64.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $78.77.

IAC Stock Up 0.5 %

Shares of IAC traded up $0.25 during mid-day trading on Thursday, hitting $55.32. The company's stock had a trading volume of 1,038,862 shares, compared to its average volume of 799,836. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 22.31 and a beta of 1.34. The company's 50-day moving average is $51.45 and its 200-day moving average is $50.58. IAC Inc. has a 52-week low of $41.39 and a 52-week high of $69.85.

IAC (NASDAQ:IAC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.73) earnings per share for the quarter, missing analysts' consensus estimates 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%. On average, equities research analysts forecast that IAC Inc. will post -2.02 EPS for the current fiscal year.

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.

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