Centaurus Financial Inc. Reduces Position in IAC Inc. (NASDAQ:IAC)

Centaurus Financial Inc. trimmed its holdings in IAC Inc. (NASDAQ:IAC – Get Rating) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,695 shares of the company’s stock after selling 1,467 shares during the quarter. Centaurus Financial Inc.’s holdings in IAC were worth $869,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IAC. Greenleaf Trust raised its position in shares of IAC by 6.9% during the 2nd quarter. Greenleaf Trust now owns 3,185 shares of the company’s stock worth $242,000 after purchasing an additional 205 shares during the last quarter. Royal London Asset Management Ltd. boosted its position in shares of IAC by 0.7% during the 2nd quarter. Royal London Asset Management Ltd. now owns 30,781 shares of the company’s stock worth $2,339,000 after purchasing an additional 209 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in IAC by 3.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,290 shares of the company’s stock worth $416,000 after buying an additional 246 shares in the last quarter. Captrust Financial Advisors lifted its holdings in IAC by 3.1% during the 1st quarter. Captrust Financial Advisors now owns 8,062 shares of the company’s stock worth $808,000 after buying an additional 246 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in IAC by 2.1% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 12,868 shares of the company’s stock worth $713,000 after buying an additional 260 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

IAC Stock Down 2.4 %

Shares of NASDAQ:IAC opened at $50.02 on Friday. The company has a market cap of $4.16 billion, a price-to-earnings ratio of -3.71 and a beta of 1.13. The firm’s 50-day simple moving average is $52.93 and its 200-day simple moving average is $51.92. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.31. IAC Inc. has a fifty-two week low of $41.52 and a fifty-two week high of $106.77.

IAC (NASDAQ:IAC – Get Rating) last issued its earnings results on Monday, February 13th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.32. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. IAC had a negative net margin of 22.35% and a negative return on equity of 4.52%. As a group, equities research analysts predict that IAC Inc. will post -2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $130.00 price objective on shares of IAC in a report on Friday, February 10th. Barclays lifted their price target on shares of IAC from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 15th. Wells Fargo & Company cut their price target on shares of IAC from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, January 19th. The Goldman Sachs Group cut their price target on shares of IAC from $83.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, February 15th. Finally, Piper Sandler lifted their price target on shares of IAC from $67.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 15th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, IAC currently has a consensus rating of “Moderate Buy” and an average price target of $88.13.

IAC Profile

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IAC is a media and Internet company comprised of some of the world’s most recognized brands and products, such as HomeAdvisor, Vimeo, About.com, Dictionary.com, The Daily Beast, Investopedia, and Match Group’s online dating portfolio, which includes Match, OkCupid and Tinder. Ranked by Fortune magazine’s annual standing of the world’s most admired companies in the Internet Services & Retailing sector for many years, IAC’s family of websites is one of the largest in the world, with over two billion monthly visits reaching users in more than 190 countries.