B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 56,650 IAC Inc. (NASDAQ:IAC)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of IAC Inc. (NASDAQ:IAC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,650 shares of the company's stock, valued at approximately $3,049,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.07% of IAC as of its most recent SEC filing.

Several other large investors have also bought and sold shares of IAC. Edgestream Partners L.P. bought a new position in IAC in the 1st quarter valued at approximately $575,000. Cloverfields Capital Group LP bought a new position in shares of IAC in the 1st quarter valued at $4,006,000. Whitebox Advisors LLC boosted its holdings in shares of IAC by 9.5% during the 1st quarter. Whitebox Advisors LLC now owns 1,402,554 shares of the company's stock valued at $74,812,000 after acquiring an additional 121,664 shares in the last quarter. Incline Global Management LLC grew its position in IAC by 39.6% during the 1st quarter. Incline Global Management LLC now owns 282,434 shares of the company's stock worth $15,065,000 after acquiring an additional 80,080 shares during the last quarter. Finally, Comerica Bank increased its holdings in IAC by 52.7% in the 1st quarter. Comerica Bank now owns 10,929 shares of the company's stock worth $583,000 after purchasing an additional 3,772 shares in the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IAC has been the topic of several recent research reports. KeyCorp cut their target price on shares of IAC from $66.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday. Benchmark reiterated a "buy" rating and set a $110.00 price target on shares of IAC in a report on Tuesday, November 12th. TD Cowen decreased their price objective on IAC from $82.00 to $77.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. Macquarie reaffirmed an "outperform" rating and set a $14.00 target price on shares of IAC in a report on Thursday, November 14th. Finally, UBS Group raised IAC to a "hold" rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, IAC presently has an average rating of "Moderate Buy" and an average target price of $70.36.

IAC Price Performance

Shares of IAC stock opened at $47.72 on Thursday. IAC Inc. has a fifty-two week low of $43.51 and a fifty-two week high of $58.29. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30. The stock has a 50 day simple moving average of $51.82 and a two-hundred day simple moving average of $50.79.

IAC (NASDAQ:IAC - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($2.73). The company had revenue of $938.70 million during the quarter, compared to the consensus estimate of $922.62 million. IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The business's revenue was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.30) EPS. As a group, analysts forecast that IAC Inc. will post -3.97 earnings per share for the current fiscal year.

IAC 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.