IAC Inc. (NASDAQ:IAC) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its holdings in IAC Inc. (NASDAQ:IAC) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,482 shares of the company’s stock after selling 354 shares during the quarter. Stifel Financial Corp’s holdings in IAC were worth $1,910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in IAC during the 2nd quarter worth approximately $312,000. Louisiana State Employees Retirement System acquired a new stake in shares of IAC during the second quarter worth $1,649,000. Bank of New York Mellon Corp boosted its holdings in shares of 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 acquiring an additional 282,304 shares in the last quarter. Innealta Capital LLC purchased a new position in IAC during the second quarter worth about $146,000. Finally, Principal Financial Group Inc. lifted its position in IAC by 5,474.2% in the second quarter. Principal Financial Group Inc. now owns 343,429 shares of the company’s stock valued at $16,090,000 after purchasing an additional 337,268 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on IAC. TD Cowen dropped their target price on IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Truist Financial dropped their price objective on IAC from $88.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. KeyCorp cut their price objective on IAC from $66.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Macquarie restated an “outperform” rating and set a $14.00 target price on shares of IAC in a research report on Thursday, November 14th. Finally, UBS Group upgraded shares of IAC to a “hold” rating in a report on Monday, October 28th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

IAC Trading Down 1.1 %

Shares of IAC stock opened at $41.75 on Friday. The business has a 50 day moving average price of $49.17 and a 200 day moving average price of $49.86. The company has a market capitalization of $3.36 billion, a P/E ratio of -97.09 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.75 and a quick ratio of 2.75. IAC Inc. has a 1 year low of $41.08 and a 1 year high of $58.29.

IAC (NASDAQ:IAC) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($2.73). The company had revenue of $938.70 million during the quarter, compared to analysts’ expectations of $922.62 million. IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The firm’s revenue was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.30) earnings per share. Sell-side analysts anticipate that IAC Inc. will post -3.97 EPS 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.