IAC Inc. (NASDAQ:IAC) Holdings Boosted by Southeastern Asset Management Inc. TN

Southeastern Asset Management Inc. TN raised its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,751,940 shares of the company's stock after acquiring an additional 483,613 shares during the quarter. IAC makes up about 5.6% of Southeastern Asset Management Inc. TN's portfolio, making the stock its 5th largest holding. Southeastern Asset Management Inc. TN owned about 3.42% of IAC worth $118,719,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of IAC. Aster Capital Management DIFC Ltd lifted its position in shares of IAC by 287.4% in the 4th 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 acquired a new position in IAC in the fourth quarter valued at $41,000. MassMutual Private Wealth & Trust FSB boosted its position in IAC by 1,398.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock valued at $89,000 after acquiring an additional 1,916 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of IAC in the 4th quarter worth about $135,000. Finally, Allworth Financial LP raised its position in shares of IAC by 1,193.4% in the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company's stock worth $139,000 after acquiring an additional 3,079 shares in the last quarter. Institutional investors own 88.90% of the company's stock.

Analyst Ratings Changes

IAC has been the topic of several research analyst reports. KeyCorp cut their target price on shares of IAC from $64.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Citigroup dropped their price target on IAC from $47.55 to $45.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on IAC from $60.00 to $45.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group reduced their price target on shares of IAC from $60.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Cowen restated a "buy" rating on shares of IAC in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $55.38.

IAC Stock Performance

Shares of IAC stock traded down $0.27 on Wednesday, hitting $36.78. 418,687 shares of the stock were exchanged, compared to its average volume of 783,753. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $2.72 billion, a PE ratio of -5.65 and a beta of 1.24. IAC Inc. has a one year low of $32.05 and a one year high of $55.40. The firm's 50 day moving average is $38.50 and its two-hundred day moving average is $42.80.

IAC (NASDAQ:IAC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($2.80) earnings per share for the quarter, beating the consensus estimate of ($3.94) by $1.14. IAC had a negative return on equity of 7.98% and a negative net margin of 14.18%. The company had revenue of $570.49 million during the quarter, compared to analysts' expectations of $809.18 million. During the same period in the previous year, the business earned $0.51 earnings per share. The firm's quarterly revenue was down 8.6% compared to the same quarter last year. Sell-side analysts expect that IAC Inc. will post 0.43 earnings per share 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.