Dimensional Fund Advisors LP Takes $2.60 Million Position in IAC Inc. (NASDAQ:IAC)

Dimensional Fund Advisors LP acquired a new stake in shares of IAC Inc. (NASDAQ:IAC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 55,413 shares of the company's stock, valued at approximately $2,596,000. Dimensional Fund Advisors LP owned 0.07% of IAC as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky grew its holdings in IAC by 12.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 219,224 shares of the company's stock worth $11,483,000 after purchasing an additional 24,589 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of IAC during the first quarter valued at $575,000. Louisiana State Employees Retirement System purchased a new stake in shares of IAC during the second quarter valued at $1,649,000. Parkside Investments LLC grew its holdings in shares of IAC by 16.2% during the first quarter. Parkside Investments LLC now owns 204,854 shares of the company's stock valued at $10,927,000 after buying an additional 28,585 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its holdings in shares of IAC by 5.1% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,633,452 shares of the company's stock valued at $76,527,000 after buying an additional 79,951 shares during the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.

IAC Price Performance

NASDAQ IAC traded up $0.82 during trading hours on Friday, hitting $52.81. 238,196 shares of the company's stock traded hands, compared to its average volume of 667,960. IAC Inc. has a 52-week low of $41.39 and a 52-week high of $58.29. The company has a market capitalization of $4.24 billion, a PE ratio of -33.42 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 firm's 50-day moving average is $51.63 and its 200-day moving average is $50.67.

IAC (NASDAQ:IAC - Get Free Report) last posted 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). IAC had a negative net margin of 3.95% and a negative return on equity of 2.35%. The firm had revenue of $949.50 million during the quarter, compared to analysts' expectations of $942.77 million. During the same period last year, the company earned ($0.76) EPS. The business's quarterly revenue was down 14.6% on a year-over-year basis. Equities analysts forecast that IAC Inc. will post -0.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of IAC from $87.00 to $88.00 and gave the company a "buy" rating in a 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 for the company in a research report on Friday, August 16th. Citigroup decreased their target price on shares of IAC from $70.00 to $66.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Benchmark restated a "buy" rating and set a $110.00 target price on shares of IAC in a research report on Tuesday, August 27th. Finally, JMP Securities initiated coverage on shares of IAC in a research report on Tuesday, July 9th. They set an "outperform" rating and a $78.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.