S&CO Inc. Boosts Stake in IAC Inc. (NASDAQ:IAC)

S&CO Inc. lifted its holdings in IAC Inc. (NASDAQ:IAC) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,145 shares of the company’s stock after buying an additional 7,885 shares during the quarter. S&CO Inc. owned 0.25% of IAC worth $10,933,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of IAC. Thompson Siegel & Walmsley LLC raised its holdings 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 worth $76,527,000 after purchasing an additional 79,951 shares during the period. Whitebox Advisors LLC lifted its holdings in shares of IAC by 9.5% in the 1st quarter. Whitebox Advisors LLC now owns 1,402,554 shares of the company’s stock worth $74,812,000 after purchasing an additional 121,664 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of IAC by 113.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 531,296 shares of the company’s stock worth $24,891,000 after purchasing an additional 282,304 shares during the last quarter. WCM Investment Management LLC raised its stake in IAC by 25.0% during the 3rd quarter. WCM Investment Management LLC now owns 379,556 shares of the company’s stock valued at $20,762,000 after acquiring an additional 75,918 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in IAC by 5,474.2% during the 2nd quarter. Principal Financial Group Inc. now owns 343,429 shares of the company’s stock valued at $16,090,000 after acquiring an additional 337,268 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Trading Down 0.1 %

Shares of IAC stock opened at $46.95 on Friday. The company has a 50 day moving average of $51.97 and a 200-day moving average of $50.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.68 and a current ratio of 2.75. IAC Inc. has a 12-month low of $43.51 and a 12-month high of $58.29.

IAC (NASDAQ:IAC) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $938.70 million during the quarter, compared to analysts’ expectations of $922.62 million. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. As a group, analysts predict that IAC Inc. will post -3.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on IAC shares. TD Cowen dropped their price objective on IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial lowered their price target on IAC from $88.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays lowered their target price on IAC from $70.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday. Macquarie reaffirmed an “outperform” rating and issued a $14.00 price target on shares of IAC in a research report on Thursday. Finally, Citigroup cut their price objective on IAC from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.91.

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.