RPD Fund Management LLC purchased a new position in shares of IAC Inc. (NASDAQ:IAC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 234,799 shares of the company's stock, valued at approximately $10,129,000. IAC makes up 4.1% of RPD Fund Management LLC's holdings, making the stock its 8th largest holding. RPD Fund Management LLC owned approximately 0.29% of IAC as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of IAC. Aster Capital Management DIFC Ltd increased its holdings in shares of IAC by 287.4% in the fourth 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 period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in IAC during the fourth quarter worth about $41,000. MassMutual Private Wealth & Trust FSB increased its stake in IAC by 1,398.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock worth $89,000 after acquiring an additional 1,916 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of IAC in the 4th quarter valued at about $135,000. Finally, KBC Group NV boosted its position in shares of IAC by 22.8% during the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock valued at $141,000 after acquiring an additional 608 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on IAC. Piper Sandler lowered their price objective on IAC from $54.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on IAC from $60.00 to $45.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group dropped their price target on IAC from $60.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. KeyCorp reduced their price objective on shares of IAC from $64.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, Citigroup dropped their target price 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. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $55.38.
View Our Latest Stock Report on IAC
IAC Stock Down 0.7%
Shares of NASDAQ IAC traded down $0.27 during trading on Wednesday, reaching $36.78. The company had a trading volume of 418,687 shares, compared to its average volume of 783,732. The stock has a market cap of $2.72 billion, a PE ratio of -5.65 and a beta of 1.24. The business's 50-day moving average is $38.50 and its 200 day moving average is $42.80. IAC Inc. has a 12-month low of $32.05 and a 12-month high of $55.40. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31.
IAC (NASDAQ:IAC - Get Free Report) last posted 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. The business had revenue of $570.49 million during the quarter, compared to analyst estimates of $809.18 million. IAC had a negative return on equity of 7.98% and a negative net margin of 14.18%. The company's quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. As a group, equities analysts forecast that IAC Inc. will post 0.43 earnings per share for the current fiscal year.
IAC Company Profile
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Free Report)
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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