IAC Inc. (NASDAQ:IAC) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its holdings in shares of IAC Inc. (NASDAQ:IAC) by 18.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,081 shares of the company’s stock after selling 1,138 shares during the quarter. Deutsche Bank AG’s holdings in IAC were worth $219,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IAC. Vanguard Group Inc. increased its position in shares of IAC by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,906,737 shares of the company’s stock valued at $341,097,000 after purchasing an additional 43,772 shares during the last quarter. Corvex Management LP grew its position in shares of IAC by 61.8% in the 4th quarter. Corvex Management LP now owns 2,410,370 shares of the company’s stock valued at $103,983,000 after buying an additional 920,875 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in shares of IAC by 5.3% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,669,665 shares of the company’s stock valued at $72,029,000 after buying an additional 84,121 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of IAC by 9.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,583,367 shares of the company’s stock valued at $68,306,000 after buying an additional 130,604 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of IAC by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 967,260 shares of the company’s stock valued at $41,728,000 after buying an additional 19,148 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on IAC. Benchmark dropped their target price on shares of IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Citigroup dropped their target price on shares of IAC from $47.55 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. UBS Group dropped their target price on shares of IAC from $54.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Cowen reaffirmed a “buy” rating on shares of IAC in a research report on Monday, May 5th. Finally, JMP Securities dropped their target price on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.38.

IAC Stock Down 0.9%

IAC stock opened at $35.62 on Tuesday. IAC Inc. has a one year low of $32.05 and a one year high of $55.40. The stock has a market capitalization of $2.64 billion, a PE ratio of -5.46 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The company has a fifty day moving average of $36.39 and a 200-day moving average of $41.85.

IAC (NASDAQ:IAC) last released its earnings results on Monday, May 5th. The company reported ($2.80) EPS for the quarter, topping the consensus estimate of ($3.94) by $1.14. IAC had a negative net margin of 14.18% and a negative return on equity of 7.98%. The company had revenue of $570.49 million during the quarter, compared to analysts’ expectations of $809.18 million. During the same quarter last year, the business earned $0.51 EPS. The business’s revenue was down 8.6% on a year-over-year basis. As a group, analysts expect that IAC Inc. will post 0.43 EPS 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.