IAC Inc. (NASDAQ:IAC) Shares Sold by Maven Securities LTD

Maven Securities LTD decreased its position in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 36.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,547 shares of the company's stock after selling 14,927 shares during the quarter. Maven Securities LTD's holdings in IAC were worth $1,197,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IAC. Garden State Investment Advisory Services LLC boosted its stake in IAC by 1.3% in the fourth quarter. Garden State Investment Advisory Services LLC now owns 15,010 shares of the company's stock valued at $786,000 after acquiring an additional 196 shares in the last quarter. Tandem Capital Management Corp ADV raised its stake in IAC by 0.6% in the second quarter. Tandem Capital Management Corp ADV now owns 47,222 shares of the company's stock valued at $2,192,000 after buying an additional 260 shares during the last quarter. Greenwich Wealth Management LLC boosted its holdings in IAC by 3.0% in the second quarter. Greenwich Wealth Management LLC now owns 9,635 shares of the company's stock worth $451,000 after acquiring an additional 284 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of IAC by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 32,856 shares of the company's stock valued at $1,721,000 after acquiring an additional 320 shares in the last quarter. Finally, CWM LLC grew its position in IAC by 55.6% during the 2nd 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. Hedge funds and other institutional investors own 88.90% of the company's stock.

IAC Trading Up 0.2 %

NASDAQ IAC traded up $0.10 during trading hours on Wednesday, reaching $51.76. The company had a trading volume of 409,584 shares, compared to its average volume of 680,066. The stock has a 50-day moving average of $51.46 and a 200 day moving average of $50.67. The stock has a market capitalization of $4.16 billion, a P/E ratio of -32.76 and a beta of 1.32. IAC Inc. has a 1-year low of $41.39 and a 1-year high of $58.29. 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 posted its quarterly earnings data on Tuesday, August 6th. The company reported ($1.71) 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 during the quarter, compared to analysts' expectations of $942.77 million. During the same period in the previous year, the business posted ($0.76) EPS. The company's revenue for the quarter was down 14.6% compared to the same quarter last year. As a group, research analysts anticipate that IAC Inc. will post -0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IAC. Barclays dropped their price objective on shares of IAC from $73.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, August 8th. Benchmark reaffirmed a "buy" rating and set a $110.00 target price on shares of IAC in a report on Tuesday, August 27th. JMP Securities initiated coverage on shares of IAC in a report on Tuesday, July 9th. They issued an "outperform" rating and a $78.00 price target on the stock. Truist Financial upped their price target on shares of IAC from $87.00 to $88.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Finally, Citigroup reduced their price target on IAC from $70.00 to $66.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.40.

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.