Cwm LLC Has $305,000 Holdings in IAC Inc. $IAC

Cwm LLC reduced its stake in shares of IAC Inc. (NASDAQ:IAC) by 74.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,162 shares of the company’s stock after selling 23,300 shares during the period. Cwm LLC’s holdings in IAC were worth $305,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. TD Private Client Wealth LLC raised its position in IAC by 282.2% in the 1st quarter. TD Private Client Wealth LLC now owns 581 shares of the company’s stock valued at $27,000 after buying an additional 429 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of IAC by 219.4% during the first quarter. GAMMA Investing LLC now owns 757 shares of the company’s stock valued at $35,000 after purchasing an additional 520 shares in the last quarter. Farther Finance Advisors LLC grew its position in IAC by 240.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,174 shares of the company’s stock worth $44,000 after purchasing an additional 829 shares in the last quarter. Atticus Wealth Management LLC purchased a new stake in IAC in the 2nd quarter valued at about $51,000. Finally, US Bancorp DE boosted its stake in shares of IAC by 21.9% in the 1st quarter. US Bancorp DE now owns 2,234 shares of the company’s stock worth $103,000 after buying an additional 401 shares during the last quarter. Institutional investors own 88.90% of the company’s stock.

IAC Price Performance

IAC stock opened at $33.94 on Monday. The firm has a market capitalization of $2.52 billion, a P/E ratio of -6.30 and a beta of 1.23. IAC Inc. has a one year low of $32.04 and a one year high of $55.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.87 and a quick ratio of 2.87. The business has a fifty day moving average price of $35.10 and a 200-day moving average price of $36.33.

IAC (NASDAQ:IAC) last issued its earnings results on Monday, August 4th. The company reported $2.57 EPS for the quarter, topping the consensus estimate of ($0.30) by $2.87. IAC had a negative return on equity of 8.23% and a negative net margin of 14.52%.The business had revenue of $586.93 million during the quarter, compared to the consensus estimate of $601.38 million. During the same quarter last year, the company earned ($1.71) EPS. The firm’s revenue was down 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that IAC Inc. will post 0.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. UBS Group boosted their price objective on IAC from $38.00 to $41.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. KeyCorp lowered their price objective on shares of IAC from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. Piper Sandler reduced their target price on shares of IAC from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Truist Financial dropped their price objective on IAC from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Finally, Wall Street Zen raised IAC from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.92.

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.