IAC Inc. (NASDAQ:IAC) Shares Sold by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC decreased its holdings in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 39.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,643 shares of the company's stock after selling 8,763 shares during the period. Chemistry Wealth Management LLC's holdings in IAC were worth $589,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IAC. GAMMA Investing LLC raised its position in IAC by 98.8% in the 3rd quarter. GAMMA Investing LLC now owns 990 shares of the company's stock worth $53,000 after buying an additional 492 shares during the last quarter. Quarry LP increased its position in IAC by 408.9% during the third quarter. Quarry LP now owns 977 shares of the company's stock valued at $53,000 after acquiring an additional 785 shares during the last quarter. Evergreen Capital Management LLC bought a new position in IAC in the second quarter valued at about $208,000. Clear Harbor Asset Management LLC purchased a new position in IAC in the third quarter worth about $208,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in IAC during the third quarter valued at approximately $209,000. 88.90% of the stock is owned by institutional investors.

IAC Trading Down 1.3 %

Shares of NASDAQ IAC traded down $0.55 during trading hours on Friday, reaching $42.30. The stock had a trading volume of 731,828 shares, compared to its average volume of 694,674. 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 business's fifty day moving average price is $45.18 and its two-hundred day moving average price is $49.09. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of -98.37 and a beta of 1.32. IAC Inc. has a 52-week low of $39.61 and a 52-week high of $58.29.

IAC (NASDAQ:IAC - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($2.93) EPS for the quarter, missing the consensus estimate of ($0.20) by ($2.73). The business 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 company's revenue for the quarter was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.30) EPS. Analysts expect that IAC Inc. will post -3.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IAC. JMP Securities reissued a "market outperform" rating and set a $70.00 price objective on shares of IAC in a research report on Monday, December 16th. UBS Group upgraded IAC to a "hold" rating in a research report on Monday, October 28th. KeyCorp lowered their price objective on IAC from $66.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. Citigroup decreased their target price on shares of IAC from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Finally, Benchmark restated a "buy" rating and set a $110.00 target price on shares of IAC in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, IAC presently has a consensus rating of "Moderate Buy" and an average target price of $67.50.

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.