Nisa Investment Advisors LLC Sells 430 Shares of IAC Inc. (NASDAQ:IAC)

Nisa Investment Advisors LLC decreased its holdings in IAC Inc. (NASDAQ:IAC) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,070 shares of the company’s stock after selling 430 shares during the period. Nisa Investment Advisors LLC’s holdings in IAC were worth $789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its stake in shares of IAC by 204.2% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the company’s stock valued at $38,000 after purchasing an additional 490 shares during the last quarter. Lazard Asset Management LLC lifted its position in IAC by 71.7% in the second quarter. Lazard Asset Management LLC now owns 1,149 shares of the company’s stock worth $72,000 after buying an additional 480 shares during the last quarter. Acadian Asset Management LLC purchased a new position in IAC during the first quarter worth $72,000. Spire Wealth Management boosted its stake in IAC by 23.1% during the third quarter. Spire Wealth Management now owns 1,612 shares of the company’s stock worth $81,000 after buying an additional 303 shares during the period. Finally, Covestor Ltd increased its position in IAC by 15.4% during the third quarter. Covestor Ltd now owns 2,144 shares of the company’s stock valued at $108,000 after acquiring an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

IAC Trading Down 1.1 %

IAC opened at $47.37 on Wednesday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $52.96 and its two-hundred day moving average is $50.29. The company has a market capitalization of $3.79 billion, a P/E ratio of 19.10 and a beta of 1.32. IAC Inc. has a 52 week low of $41.39 and a 52 week high of $69.85.

IAC (NASDAQ:IAC) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.53). The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.06 billion. IAC had a net margin of 6.09% and a negative return on equity of 4.15%. Analysts forecast that IAC Inc. will post -1.99 earnings per share for the current year.

Analyst Ratings Changes

IAC has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of IAC from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. KeyCorp boosted their target price on IAC from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Truist Financial upped their target price on IAC from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Barclays raised their price target on IAC from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, IAC has a consensus rating of “Moderate Buy” and a consensus price target of $78.69.

About IAC

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.