WINTON GROUP Ltd Purchases Shares of 19,220 IAC Inc. (NASDAQ:IAC)

WINTON GROUP Ltd bought a new stake in IAC Inc. (NASDAQ:IAC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,220 shares of the company's stock, valued at approximately $900,000.

Other institutional investors also recently modified their holdings of the company. Garden State Investment Advisory Services LLC raised its position in shares of IAC by 1.3% in the fourth quarter. Garden State Investment Advisory Services LLC now owns 15,010 shares of the company's stock worth $786,000 after buying an additional 196 shares in the last quarter. Tandem Capital Management Corp ADV grew its holdings in shares of IAC by 0.6% during the second quarter. Tandem Capital Management Corp ADV now owns 47,222 shares of the company's stock worth $2,192,000 after purchasing an additional 260 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of IAC by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 32,856 shares of the company's stock worth $1,721,000 after purchasing an additional 320 shares during the last quarter. CWM LLC raised its stake in IAC by 55.6% in the second quarter. CWM LLC now owns 1,142 shares of the company's stock valued at $54,000 after purchasing an additional 408 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in IAC during the first quarter valued at approximately $27,000. 88.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IAC has been the subject of a number of research reports. Barclays cut their price objective on IAC from $73.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Benchmark restated a "buy" rating and issued a $110.00 price objective on shares of IAC in a report on Tuesday, August 27th. Citigroup dropped their price target on IAC from $70.00 to $66.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Truist Financial lifted their price objective on IAC from $87.00 to $88.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Finally, KeyCorp reduced their price target on IAC from $67.00 to $66.00 and set an "overweight" rating for the company in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $76.40.

IAC Stock Performance

Shares of NASDAQ:IAC traded up $0.58 during midday trading on Tuesday, hitting $53.47. The company had a trading volume of 382,165 shares, compared to its average volume of 688,528. The company has a market cap of $4.29 billion, a price-to-earnings ratio of -33.88 and a beta of 1.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.68 and a quick ratio of 2.68. The company has a fifty day moving average of $50.60 and a two-hundred day moving average of $50.54. IAC Inc. has a 12-month low of $41.39 and a 12-month high of $58.29.

IAC (NASDAQ:IAC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($1.71) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($1.39). The firm had revenue of $949.50 million for the quarter, compared to analysts' expectations of $942.77 million. IAC had a negative net margin of 3.95% and a negative return on equity of 2.35%. IAC's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.76) EPS. On average, equities research analysts expect that IAC Inc. will post -0.79 EPS for the current fiscal year.

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.