Barclays PLC Purchases 54,797 Shares of IAC Inc. (NASDAQ:IAC)

Barclays PLC increased its holdings in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 922.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,737 shares of the company's stock after purchasing an additional 54,797 shares during the quarter. Barclays PLC owned 0.08% of IAC worth $3,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in IAC by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company's stock valued at $51,027,000 after acquiring an additional 52,271 shares during the period. Royce & Associates LP boosted its holdings in IAC by 5.1% in the third quarter. Royce & Associates LP now owns 278,679 shares of the company's stock worth $14,999,000 after purchasing an additional 13,400 shares during the last quarter. Highbridge Capital Management LLC grew its position in IAC by 70.4% in the 2nd quarter. Highbridge Capital Management LLC now owns 165,329 shares of the company's stock worth $7,746,000 after purchasing an additional 68,291 shares during the period. Thompson Siegel & Walmsley LLC grew its position in IAC by 5.1% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,633,452 shares of the company's stock worth $76,527,000 after purchasing an additional 79,951 shares during the period. Finally, Quest Partners LLC grew its position in IAC by 2,546.5% in the 3rd quarter. Quest Partners LLC now owns 21,701 shares of the company's stock worth $1,168,000 after purchasing an additional 20,881 shares during the period. 88.90% of the stock is owned by hedge funds and other institutional investors.

IAC Price Performance

Shares of IAC traded down $0.04 during trading hours on Tuesday, reaching $42.57. 347,176 shares of the stock traded hands, compared to its average volume of 673,229. IAC Inc. has a 52-week low of $41.08 and a 52-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 company has a market cap of $3.43 billion, a P/E ratio of -99.00 and a beta of 1.31. The company's 50-day moving average price is $48.76 and its two-hundred day moving average price is $49.77.

IAC (NASDAQ:IAC - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) EPS 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 business had revenue of $938.70 million during the quarter, compared to analysts' expectations of $922.62 million. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. IAC's revenue was down 15.5% on a year-over-year basis. On average, analysts anticipate that IAC Inc. will post -3.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IAC shares. Truist Financial lowered their price target on IAC from $88.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, November 13th. UBS Group upgraded IAC to a "hold" rating in a research note on Monday, October 28th. JMP Securities reaffirmed a "market outperform" rating and set a $70.00 price target on shares of IAC in a research report on Monday, December 16th. Macquarie reissued an "outperform" rating and issued a $14.00 price objective on shares of IAC in a report on Thursday, November 14th. Finally, KeyCorp dropped their price objective on shares of IAC from $66.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.33.

About IAC

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.