IAC Inc. (NASDAQ:IAC) is Applied Fundamental Research LLC's Largest Position

Applied Fundamental Research LLC cut its holdings in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380,977 shares of the company's stock after selling 9,577 shares during the period. IAC makes up 13.1% of Applied Fundamental Research LLC's portfolio, making the stock its biggest position. Applied Fundamental Research LLC owned about 0.47% of IAC worth $17,849,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Riverview Trust Co bought a new position in shares of IAC during the 1st quarter valued at $27,000. International Assets Investment Management LLC purchased a new position in IAC in the second quarter worth about $39,000. CWM LLC boosted its position in IAC by 55.6% in the second quarter. CWM LLC now owns 1,142 shares of the company's stock worth $54,000 after purchasing an additional 408 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of IAC during the 2nd quarter valued at about $60,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of IAC during the 1st quarter valued at about $80,000. 88.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IAC. KeyCorp dropped their price target on shares of IAC from $67.00 to $66.00 and set an "overweight" rating on the stock in a research note on Friday, August 16th. Citigroup cut their price target on IAC from $70.00 to $66.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Benchmark reaffirmed a "buy" rating and set a $110.00 price target on shares of IAC in a report on Tuesday, August 27th. Barclays dropped their price target on shares of IAC from $73.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Finally, JMP Securities began coverage on shares of IAC in a research report on Tuesday, July 9th. They set an "outperform" rating and a $78.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $76.40.

IAC Trading Down 0.5 %

Shares of IAC stock traded down $0.29 during trading hours on Monday, reaching $54.07. 399,116 shares of the stock were exchanged, compared to its average volume of 685,328. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of -34.22 and a beta of 1.32. IAC Inc. has a 12-month low of $41.39 and a 12-month high of $58.29. The company's 50-day moving average price is $51.17 and its 200-day moving average price is $50.58. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.29.

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