14,044 Shares in IAC Inc. (NASDAQ:IAC) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in IAC Inc. (NASDAQ:IAC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,044 shares of the company's stock, valued at approximately $658,000.

Other hedge funds also recently made changes to their positions in the company. Riverview Trust Co bought a new stake in shares of IAC during the 1st quarter worth $27,000. International Assets Investment Management LLC bought a new stake in shares of IAC during the 2nd quarter worth $39,000. CWM LLC lifted its holdings in shares of IAC by 55.6% during the 2nd quarter. CWM LLC now owns 1,142 shares of the company's stock worth $54,000 after acquiring an additional 408 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of IAC during the 2nd quarter worth $60,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of IAC during the 1st quarter worth $80,000. 88.90% of the stock is owned by institutional investors.

IAC Trading Down 0.1 %

Shares of IAC stock traded down $0.03 during mid-day trading on Tuesday, reaching $54.04. The stock had a trading volume of 529,632 shares, compared to its average volume of 684,419. The stock's 50-day moving average price is $51.17 and its two-hundred day moving average price is $50.58. IAC Inc. has a 52-week low of $41.39 and a 52-week high of $58.29. The firm has a market capitalization of $4.34 billion, a PE ratio of -34.23 and a beta of 1.32. 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 quarterly 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 company had revenue of $949.50 million for the quarter, compared to analysts' expectations of $942.77 million. During the same quarter in the prior year, the firm earned ($0.76) EPS. IAC's quarterly revenue was down 14.6% compared to the same quarter last year. Equities analysts expect that IAC Inc. will post -0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Benchmark reaffirmed a "buy" rating and set a $110.00 price objective on shares of IAC in a report on Tuesday, August 27th. Citigroup decreased their target price on shares of IAC from $70.00 to $66.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. KeyCorp decreased their target price on shares of IAC from $67.00 to $66.00 and set an "overweight" rating on the stock in a research report on Friday, August 16th. Barclays decreased their target price on shares of IAC from $73.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Finally, JMP Securities started coverage on shares of IAC in a research report on Tuesday, July 9th. They issued an "outperform" rating and a $78.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.40.

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.