Eos Management L.P. Sells 15,559 Shares of IAC Inc. (NASDAQ:IAC)

Eos Management L.P. lessened its stake in shares of IAC Inc. (NASDAQ:IAC) by 25.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,531 shares of the company’s stock after selling 15,559 shares during the period. IAC accounts for 1.1% of Eos Management L.P.’s portfolio, making the stock its 18th largest holding. Eos Management L.P. owned 0.06% of IAC worth $2,385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of IAC. Spire Wealth Management lifted its position in shares of IAC by 23.1% during the 3rd quarter. Spire Wealth Management now owns 1,612 shares of the company’s stock worth $81,000 after purchasing an additional 303 shares during the last quarter. Covestor Ltd lifted its holdings in shares of IAC by 15.4% during the third quarter. Covestor Ltd now owns 2,144 shares of the company’s stock worth $108,000 after buying an additional 286 shares during the last quarter. Headlands Technologies LLC boosted its position in shares of IAC by 39.7% in the third quarter. Headlands Technologies LLC now owns 2,702 shares of the company’s stock valued at $136,000 after acquiring an additional 768 shares during the period. Park Avenue Securities LLC bought a new stake in shares of IAC in the third quarter valued at approximately $201,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in shares of IAC in the fourth quarter worth $203,000. Institutional investors own 88.90% of the company’s stock.

IAC Price Performance

Shares of IAC traded up $0.52 during trading hours on Friday, hitting $48.62. The stock had a trading volume of 555,740 shares, compared to its average volume of 546,876. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 19.60 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.36 and a quick ratio of 2.36. The company’s fifty day moving average is $52.13 and its two-hundred day moving average is $50.24. IAC Inc. has a 52 week low of $41.39 and a 52 week high of $69.85.

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

Analyst Ratings Changes

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

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.