IAC Inc. (NASDAQ:IAC) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its holdings in IAC Inc. (NASDAQ:IAC) by 19.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,021 shares of the company’s stock after purchasing an additional 1,133 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in IAC were worth $329,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in IAC. Riverview Trust Co purchased a new stake in shares of IAC in the 1st quarter valued at about $27,000. International Assets Investment Management LLC purchased a new stake in IAC in the second quarter valued at approximately $39,000. CWM LLC boosted its holdings in shares of IAC by 55.6% in the second quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $54,000 after acquiring an additional 408 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of IAC during the second quarter worth approximately $60,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of IAC in the 1st quarter valued at $80,000. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IAC has been the subject of a number of recent research reports. Truist Financial increased their price target on shares of IAC from $87.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. JMP Securities began coverage on IAC in a research note on Tuesday, July 9th. They set an “outperform” rating and a $78.00 price objective for the company. KeyCorp lowered their target price on IAC from $67.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Benchmark reiterated a “buy” rating and issued a $110.00 price objective on shares of IAC in a research report on Tuesday, August 27th. Finally, Barclays cut their price objective on shares of IAC from $73.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.40.

IAC Trading Up 0.1 %

Shares of IAC stock opened at $54.70 on Friday. The company has a 50-day moving average of $51.44 and a two-hundred day moving average of $50.66. IAC Inc. has a 12-month low of $41.39 and a 12-month high of $58.29. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.39 billion, a PE ratio of -34.62 and a beta of 1.32.

IAC (NASDAQ:IAC) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($1.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($1.39). The firm had revenue of $949.50 million for the quarter, compared to analyst estimates of $942.77 million. IAC had a negative return on equity of 2.35% and a negative net margin of 3.95%. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.76) earnings per share. On average, research analysts anticipate that IAC Inc. will post -0.79 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.