IAC Inc. (NASDAQ:IAC) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of IAC Inc. (NASDAQ:IAC) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,100 shares of the company’s stock after purchasing an additional 1,199 shares during the quarter. Natixis Advisors LLC owned about 0.10% of IAC worth $4,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in IAC in the second quarter worth $39,000. GAMMA Investing LLC raised its position in IAC by 98.8% in the third quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock worth $53,000 after acquiring an additional 492 shares in the last quarter. CWM LLC raised its holdings in shares of IAC by 55.6% in the 2nd quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $54,000 after purchasing an additional 408 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of IAC during the 2nd quarter valued at $60,000. Finally, Innealta Capital LLC purchased a new stake in shares of IAC during the second quarter valued at $146,000. Institutional investors own 88.90% of the company’s stock.

IAC Price Performance

NASDAQ:IAC opened at $48.47 on Friday. IAC Inc. has a 52 week low of $43.51 and a 52 week high of $58.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 2.75. The firm’s 50-day simple moving average is $51.67 and its 200 day simple moving average is $50.72. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -112.72 and a beta of 1.33.

IAC (NASDAQ:IAC) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) EPS for the quarter, missing the consensus estimate of ($0.20) by ($2.73). The firm had revenue of $938.70 million for 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 firm’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. As a group, sell-side analysts predict that IAC Inc. will post -3.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup decreased their target price on IAC from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group raised shares of IAC to a “hold” rating in a research report on Monday, October 28th. Benchmark reiterated a “buy” rating and set a $110.00 price target on shares of IAC in a research note on Tuesday, November 12th. KeyCorp lowered their target price on shares of IAC from $66.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Macquarie reaffirmed an “outperform” rating and issued a $14.00 target price on shares of IAC in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.36.

IAC Company 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.