IAC Inc. (NASDAQ:IAC) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in IAC Inc. (NASDAQ:IAC - Free Report) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,847,499 shares of the company's stock after buying an additional 66,347 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 3.54% of IAC worth $153,252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of IAC. Louisiana State Employees Retirement System purchased a new position in IAC in the second quarter valued at $1,649,000. Royce & Associates LP boosted its holdings in IAC by 5.1% in the third quarter. Royce & Associates LP now owns 278,679 shares of the company's stock valued at $14,999,000 after purchasing an additional 13,400 shares during the period. Highbridge Capital Management LLC boosted its holdings in IAC by 70.4% in the second quarter. Highbridge Capital Management LLC now owns 165,329 shares of the company's stock valued at $7,746,000 after purchasing an additional 68,291 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in IAC by 5.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,633,452 shares of the company's stock valued at $76,527,000 after purchasing an additional 79,951 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in IAC by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company's stock valued at $51,027,000 after purchasing an additional 52,271 shares during the period. 88.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp decreased their target price on IAC from $66.00 to $60.00 and set an "overweight" rating for the company in a report on Wednesday, November 20th. Truist Financial decreased their target price on IAC from $88.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. Barclays decreased their target price on IAC from $70.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, November 13th. Benchmark reaffirmed a "buy" rating and set a $110.00 price target on shares of IAC in a report on Tuesday, November 12th. Finally, UBS Group raised IAC to a "hold" rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.36.

IAC Stock Performance

Shares of IAC stock traded up $0.30 on Friday, hitting $47.33. The stock had a trading volume of 472,077 shares, compared to its average volume of 718,891. IAC Inc. has a 52-week low of $43.51 and a 52-week high of $58.29. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.30. The company's 50 day moving average price is $51.04 and its 200 day moving average price is $50.39.

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

IAC 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.