Quest Partners LLC Boosts Stock Holdings in IAC Inc. (NASDAQ:IAC)

Quest Partners LLC lifted its position in IAC Inc. (NASDAQ:IAC - Free Report) by 2,546.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,701 shares of the company's stock after purchasing an additional 20,881 shares during the quarter. Quest Partners LLC's holdings in IAC were worth $1,168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IAC. Thompson Siegel & Walmsley LLC raised its position in 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 acquiring an additional 79,951 shares in the last quarter. Whitebox Advisors LLC increased its holdings in shares of IAC by 9.5% during the 1st quarter. Whitebox Advisors LLC now owns 1,402,554 shares of the company's stock valued at $74,812,000 after purchasing an additional 121,664 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of IAC by 113.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 531,296 shares of the company's stock valued at $24,891,000 after purchasing an additional 282,304 shares in the last quarter. WCM Investment Management LLC lifted its stake in shares of IAC by 25.0% in the 3rd quarter. WCM Investment Management LLC now owns 379,556 shares of the company's stock valued at $20,762,000 after purchasing an additional 75,918 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in IAC by 5,474.2% during the second quarter. Principal Financial Group Inc. now owns 343,429 shares of the company's stock worth $16,090,000 after buying an additional 337,268 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

Analysts Set New Price Targets

IAC has been the subject of a number of recent analyst reports. UBS Group raised shares of IAC to a "hold" rating in a report on Monday, October 28th. KeyCorp cut their price target on IAC from $66.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday. Benchmark reaffirmed a "buy" rating and issued a $110.00 price target on shares of IAC in a report on Tuesday, November 12th. Barclays decreased their price objective on shares of IAC from $70.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, November 13th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $14.00 price target on shares of IAC in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.36.

IAC Trading Up 0.1 %

IAC stock traded up $0.07 during midday trading on Wednesday, hitting $47.72. 399,328 shares of the company's stock were exchanged, compared to its average volume of 664,362. IAC Inc. has a 1-year low of $43.51 and a 1-year high of $58.29. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.84 billion, a PE ratio of -110.81 and a beta of 1.33. The business has a 50-day simple moving average of $51.87 and a two-hundred day simple moving average of $50.81.

IAC (NASDAQ:IAC - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($2.93) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($2.73). The business had revenue of $938.70 million for the quarter, compared to analysts' expectations of $922.62 million. IAC had a negative return on equity of 5.63% and a negative net margin of 0.34%. The business's revenue for the quarter was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.30) earnings per share. On average, sell-side analysts predict that IAC Inc. will post -3.97 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.