IAC Inc. (NASDAQ:IAC) Shares Sold by Whitebox Advisors LLC

Whitebox Advisors LLC lessened its stake in IAC Inc. (NASDAQ:IAC - Free Report) by 38.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 833,259 shares of the company's stock after selling 515,321 shares during the quarter. IAC accounts for about 1.2% of Whitebox Advisors LLC's portfolio, making the stock its 14th largest holding. Whitebox Advisors LLC owned about 1.04% of IAC worth $44,846,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in IAC by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,847,499 shares of the company's stock valued at $153,252,000 after buying an additional 66,347 shares during the period. State Street Corp grew its position in shares of IAC by 1.2% during the 3rd quarter. State Street Corp now owns 2,360,210 shares of the company's stock valued at $127,027,000 after acquiring an additional 28,577 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of IAC by 5.1% in the 2nd 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in IAC by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company's stock worth $51,027,000 after purchasing an additional 52,271 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in IAC by 113.4% in the second 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 during the period. Hedge funds and other institutional investors own 88.90% of the company's stock.

IAC Stock Up 1.2 %

NASDAQ IAC traded up $0.58 on Friday, reaching $48.13. The stock had a trading volume of 427,435 shares, compared to its average volume of 690,533. 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 stock has a fifty day moving average price of $50.57 and a two-hundred day moving average price of $50.19. IAC Inc. has a 12-month low of $43.51 and a 12-month high of $58.29.

IAC (NASDAQ:IAC - Get Free Report) last released 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). The firm had revenue of $938.70 million during the quarter, compared to analyst estimates of $922.62 million. IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The business's revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.30) earnings per share. On average, equities research analysts predict that IAC Inc. will post -3.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

IAC has been the topic of several research analyst reports. KeyCorp dropped their target price on shares of IAC from $66.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. Barclays decreased their price target on shares of IAC from $70.00 to $66.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 13th. UBS Group raised IAC to a "hold" rating in a report on Monday, October 28th. Macquarie restated an "outperform" rating and issued a $14.00 target price on shares of IAC in a research report on Thursday, November 14th. Finally, Benchmark reaffirmed a "buy" rating and issued a $110.00 price target on shares of IAC in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, IAC has a consensus rating of "Moderate Buy" and a consensus price target of $70.36.

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.