Vanguard Group Inc. Has $370.07 Million Stake in IAC Inc. (NASDAQ:IAC)

Vanguard Group Inc. trimmed its position in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,065,171 shares of the company's stock after selling 276,944 shares during the period. Vanguard Group Inc. owned about 8.82% of IAC worth $370,074,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. NJ State Employees Deferred Compensation Plan bought a new position in IAC in the 4th quarter worth about $203,000. Brown Advisory Inc. bought a new position in IAC in the 4th quarter worth about $209,000. Capstone Investment Advisors LLC bought a new position in IAC in the 4th quarter worth about $209,000. Hsbc Holdings PLC bought a new position in IAC in the 3rd quarter worth about $214,000. Finally, Valeo Financial Advisors LLC grew its stake in IAC by 33.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 5,644 shares of the company's stock worth $296,000 after acquiring an additional 1,427 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IAC has been the topic of a number of research analyst reports. Truist Financial upped their target price on shares of IAC from $80.00 to $87.00 and gave the stock a "buy" rating in a research note on Friday, May 10th. Wells Fargo & Company increased their price objective on shares of IAC from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Tuesday, May 14th. KeyCorp increased their target price on shares of IAC from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Monday, May 13th. Barclays raised their price target on shares of IAC from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, May 9th. Finally, Oppenheimer raised their price target on shares of IAC from $65.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $79.92.

IAC Stock Performance

IAC stock traded up $0.10 during midday trading on Friday, hitting $46.85. 1,232,461 shares of the stock traded hands, compared to its average volume of 756,744. The firm has a market cap of $3.76 billion, a P/E ratio of -29.65 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.70 and a quick ratio of 2.70. The stock's fifty day simple moving average is $50.34 and its 200-day simple moving average is $51.53. IAC Inc. has a 1-year low of $41.39 and a 1-year high of $69.85.

IAC (NASDAQ:IAC - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.93) EPS for the quarter, beating the consensus estimate of ($1.14) by $0.21. The company had revenue of $929.68 million for the quarter, compared to analyst estimates of $937.68 million. IAC had a negative net margin of 2.54% and a negative return on equity of 3.31%. On average, analysts expect that IAC Inc. will post 0.09 earnings per share for the current year.

IAC Company 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.