Valeo Financial Advisors LLC Raises Stock Position in IAC Inc. (NASDAQ:IAC)

Valeo Financial Advisors LLC increased its position in IAC Inc. (NASDAQ:IAC) by 33.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,644 shares of the company’s stock after purchasing an additional 1,427 shares during the quarter. Valeo Financial Advisors LLC’s holdings in IAC were worth $296,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IAC. Parkside Investments LLC increased its holdings in shares of IAC by 13.8% in the 4th quarter. Parkside Investments LLC now owns 176,269 shares of the company’s stock valued at $9,233,000 after acquiring an additional 21,400 shares during the period. TimesSquare Capital Management LLC raised its holdings in IAC by 66.6% in the third quarter. TimesSquare Capital Management LLC now owns 1,034,411 shares of the company’s stock worth $52,124,000 after purchasing an additional 413,440 shares in the last quarter. Citigroup Inc. lifted its position in shares of IAC by 9.4% during the third quarter. Citigroup Inc. now owns 15,286 shares of the company’s stock valued at $770,000 after buying an additional 1,315 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of IAC by 70.9% during the third quarter. Envestnet Asset Management Inc. now owns 160,154 shares of the company’s stock valued at $8,070,000 after buying an additional 66,427 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of IAC by 17.6% in the 3rd quarter. UBS Group AG now owns 269,031 shares of the company’s stock valued at $13,556,000 after buying an additional 40,313 shares in the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IAC. KeyCorp boosted their price objective on shares of IAC from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. UBS Group raised their price objective on IAC from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Truist Financial upped their target price on IAC from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Barclays boosted their price target on IAC from $62.00 to $72.00 and gave the stock an “overweight” 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.69.

IAC Stock Down 0.6 %

IAC stock opened at $47.90 on Tuesday. The company has a market capitalization of $3.83 billion, a P/E ratio of 19.31 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 firm’s fifty day simple moving average is $53.05 and its 200-day simple moving average is $50.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.36 and a quick ratio of 2.36.

IAC (NASDAQ:IAC) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.53). The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. IAC had a net margin of 6.09% and a negative return on equity of 4.15%. As a group, equities research analysts forecast that IAC Inc. will post -1.99 earnings per share for the current year.

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.