IAC Inc. (NASDAQ:IAC) Position Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in shares of IAC Inc. (NASDAQ:IACFree Report) by 26.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 511,006 shares of the company’s stock after selling 180,948 shares during the period. Allspring Global Investments Holdings LLC owned about 0.64% of IAC worth $27,257,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Riverview Trust Co acquired a new stake in IAC during the first quarter worth about $27,000. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of IAC in the fourth quarter valued at approximately $203,000. Brown Advisory Inc. acquired a new stake in shares of IAC in the fourth quarter valued at approximately $209,000. Capstone Investment Advisors LLC acquired a new stake in shares of IAC in the fourth quarter valued at approximately $209,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of IAC in the third quarter valued at approximately $214,000. Institutional investors own 88.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on IAC shares. Wells Fargo & Company raised their price target on shares of IAC from $82.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Citigroup lowered their price objective on shares of IAC from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. StockNews.com lowered shares of IAC from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. Truist Financial raised their price objective on shares of IAC from $80.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Oppenheimer raised their target price on shares of IAC from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.92.

View Our Latest Stock Report on IAC

IAC Trading Down 0.1 %

Shares of NASDAQ:IAC opened at $46.41 on Friday. The firm has a fifty day moving average of $50.09 and a two-hundred day moving average of $51.36. The firm has a market capitalization of $3.73 billion, a P/E ratio of -29.37 and a beta of 1.32. IAC Inc. has a 12-month low of $41.39 and a 12-month high of $69.85. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.29.

IAC (NASDAQ:IACGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.93) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.14) by $0.21. The company had revenue of $929.68 million during the quarter, compared to analyst estimates of $937.68 million. IAC had a negative net margin of 2.54% and a negative return on equity of 3.31%. On average, equities analysts expect that IAC Inc. will post 0.09 EPS for the current fiscal year.

IAC Profile

(Free Report)

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.

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Institutional Ownership by Quarter for IAC (NASDAQ:IAC)

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