River Global Investors LLP Purchases 3,698 Shares of IAC Inc. (NASDAQ:IAC)

River Global Investors LLP lifted its position in IAC Inc. (NASDAQ:IAC) by 22.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,908 shares of the company’s stock after purchasing an additional 3,698 shares during the quarter. River Global Investors LLP’s holdings in IAC were worth $1,043,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Davis Selected Advisers lifted its position in IAC by 16.9% during the 3rd quarter. Davis Selected Advisers now owns 2,960,918 shares of the company’s stock worth $149,201,000 after buying an additional 428,065 shares in the last quarter. FMR LLC lifted its position in IAC by 6.8% during the 3rd quarter. FMR LLC now owns 1,470,853 shares of the company’s stock valued at $74,116,000 after purchasing an additional 93,467 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in IAC by 8.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,436,247 shares of the company’s stock valued at $72,372,000 after purchasing an additional 107,878 shares during the period. TimesSquare Capital Management LLC lifted its position in IAC by 66.6% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,034,411 shares of the company’s stock valued at $52,124,000 after purchasing an additional 413,440 shares during the period. Finally, Newtyn Management LLC lifted its position in IAC by 3.3% during the 3rd quarter. Newtyn Management LLC now owns 930,000 shares of the company’s stock valued at $46,863,000 after purchasing an additional 30,000 shares during the period. Institutional investors own 88.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

IAC Stock Up 2.6 %

Shares of IAC traded up $1.41 during mid-day trading on Friday, hitting $55.07. 14,590,709 shares of the company’s stock were exchanged, compared to its average volume of 742,432. The company has a market cap of $4.42 billion, a PE ratio of 22.21 and a beta of 1.34. IAC Inc. has a 52 week low of $41.39 and a 52 week high of $69.85. The company has a 50-day simple moving average of $51.47 and a 200 day simple moving average of $50.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.36 and a quick ratio of 2.36.

IAC (NASDAQ:IAC) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.53). The business had revenue of $1.06 billion for 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, research analysts forecast that IAC Inc. will post -2.02 earnings per share for the current fiscal 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.