IAC Inc. (NASDAQ:IAC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of IAC Inc. (NASDAQ:IAC) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,597 shares of the company’s stock after selling 14,559 shares during the quarter. New York State Common Retirement Fund’s holdings in IAC were worth $3,279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC lifted its stake in shares of IAC by 130.3% during the third quarter. SG Americas Securities LLC now owns 5,542 shares of the company’s stock valued at $279,000 after buying an additional 3,136 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of IAC by 1,116.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,171 shares of the company’s stock valued at $210,000 after acquiring an additional 3,828 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of IAC by 82.0% during the third quarter. Commonwealth Equity Services LLC now owns 8,990 shares of the company’s stock worth $453,000 after purchasing an additional 4,051 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of IAC by 17.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 152,518 shares of the company’s stock worth $7,685,000 after buying an additional 22,321 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of IAC by 16.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,416 shares of the company’s stock valued at $726,000 after buying an additional 1,992 shares in the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. KeyCorp reduced their price target on IAC from $72.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday. Truist Financial upped their target price on shares of IAC from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. UBS Group boosted their price target on IAC from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Barclays raised their price target on shares of IAC from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.23.

IAC Trading Up 1.2 %

NASDAQ IAC opened at $55.75 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.36 and a current ratio of 2.36. IAC Inc. has a one year low of $41.39 and a one year high of $69.85. The company has a 50-day simple moving average of $51.47 and a 200-day simple moving average of $50.48. The firm has a market capitalization of $4.48 billion, a PE ratio of 22.48 and a beta of 1.34.

IAC (NASDAQ:IAC) last issued its earnings results on Tuesday, February 13th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.53). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. IAC had a negative return on equity of 4.15% and a net margin of 6.09%. On average, equities analysts forecast that IAC Inc. will post -2.02 earnings per share for the current 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.