B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of IAC Inc. (NASDAQ:IAC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 56,650 shares of the company's stock, valued at approximately $3,049,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.07% of IAC at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of IAC. Thompson Siegel & Walmsley LLC boosted its holdings in shares of IAC by 5.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,633,452 shares of the company's stock valued at $76,527,000 after purchasing an additional 79,951 shares during the last quarter. Whitebox Advisors LLC increased its stake in IAC by 9.5% during the first quarter. Whitebox Advisors LLC now owns 1,402,554 shares of the company's stock worth $74,812,000 after acquiring an additional 121,664 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in IAC by 113.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 531,296 shares of the company's stock valued at $24,891,000 after buying an additional 282,304 shares during the period. WCM Investment Management LLC raised its stake in shares of IAC by 25.0% in the third quarter. WCM Investment Management LLC now owns 379,556 shares of the company's stock valued at $20,762,000 after acquiring an additional 75,918 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in IAC by 5,474.2% in the second quarter. Principal Financial Group Inc. now owns 343,429 shares of the company's stock worth $16,090,000 after purchasing an additional 337,268 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company's stock.
IAC Price Performance
IAC stock traded up $0.01 during mid-day trading on Thursday, reaching $47.73. 1,059,701 shares of the company's stock were exchanged, compared to its average volume of 666,112. The company has a market cap of $3.84 billion, a price-to-earnings ratio of -110.97 and a beta of 1.33. The stock's 50 day moving average is $51.82 and its 200 day moving average is $50.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 2.75. IAC Inc. has a 12-month low of $43.51 and a 12-month high of $58.29.
IAC (NASDAQ:IAC - Get Free Report) last released its earnings results 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). IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The firm had revenue of $938.70 million during the quarter, compared to analysts' expectations of $922.62 million. During the same quarter last year, the business earned ($0.30) EPS. The business's revenue was down 15.5% compared to the same quarter last year. On average, research analysts expect that IAC Inc. will post -3.97 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. TD Cowen lowered their price objective on shares of IAC from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. KeyCorp lowered their price objective on shares of IAC from $66.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday. Barclays cut their target price on shares of IAC from $70.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 13th. Macquarie reaffirmed an "outperform" rating and issued a $14.00 price target on shares of IAC in a research report on Thursday, November 14th. Finally, Benchmark reissued a "buy" rating and issued a $110.00 price target on shares of IAC in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.36.
Check Out Our Latest Stock Analysis on IAC
About IAC
(
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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