Charles Schwab Investment Management Inc. Has $51.03 Million Stock Holdings in IAC Inc. (NASDAQ:IAC)

Charles Schwab Investment Management Inc. grew its stake in IAC Inc. (NASDAQ:IAC - Free Report) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 948,112 shares of the company's stock after acquiring an additional 52,271 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.18% of IAC worth $51,027,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Comerica Bank grew its stake 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 acquiring an additional 3,772 shares during the period. Tandem Capital Management Corp ADV boosted its stake in IAC by 0.6% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 47,222 shares of the company's stock worth $2,192,000 after buying an additional 260 shares during the last quarter. Investment Partners Asset Management Inc. boosted its stake in IAC by 34.3% in the 2nd quarter. Investment Partners Asset Management Inc. now owns 10,179 shares of the company's stock worth $477,000 after buying an additional 2,599 shares during the last quarter. CWM LLC grew its holdings in IAC by 55.6% in the 2nd quarter. CWM LLC now owns 1,142 shares of the company's stock valued at $54,000 after buying an additional 408 shares during the period. Finally, Parkside Investments LLC increased its stake in shares of IAC by 2.3% during the 2nd quarter. Parkside Investments LLC now owns 209,499 shares of the company's stock valued at $9,815,000 after acquiring an additional 4,645 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on IAC. KeyCorp lowered their target price on shares of IAC from $66.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, November 20th. Citigroup dropped their price objective on IAC from $70.00 to $66.00 and set a "buy" rating for the company in a report on Thursday, August 8th. UBS Group upgraded IAC to a "hold" rating in a report on Monday, October 28th. TD Cowen dropped their price target on IAC from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Finally, Benchmark restated a "buy" rating and issued a $110.00 price objective on shares of IAC in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, IAC has an average rating of "Moderate Buy" and an average target price of $70.36.

IAC Stock Performance

Shares of IAC traded up $0.30 during mid-day trading on Friday, reaching $47.33. 472,077 shares of the stock traded hands, compared to its average volume of 718,891. The stock has a fifty day simple moving average of $51.04 and a 200 day simple moving average of $50.39. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30. 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 issued its quarterly earnings results on Tuesday, November 12th. The company reported ($2.93) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($2.73). IAC had a negative return on equity of 5.63% and a negative net margin of 0.34%. The company had revenue of $938.70 million during the quarter, compared to analysts' expectations of $922.62 million. During the same period in the prior year, the business posted ($0.30) EPS. The company's revenue for the quarter was down 15.5% compared to the same quarter last year. On average, equities research analysts predict that IAC Inc. will post -3.97 EPS 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.