IAC Inc. (NASDAQ:IAC) Holdings Increased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its stake in shares of IAC Inc. (NASDAQ:IAC) by 25.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,299,646 shares of the company’s stock after acquiring an additional 265,235 shares during the period. TimesSquare Capital Management LLC’s holdings in IAC were worth $68,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Spire Wealth Management grew its stake in shares of IAC by 23.1% in 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 stake in IAC by 15.4% in the third quarter. Covestor Ltd now owns 2,144 shares of the company’s stock valued at $108,000 after acquiring an additional 286 shares during the last quarter. Headlands Technologies LLC lifted its stake in 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 last quarter. Park Avenue Securities LLC acquired a new stake in IAC in the third quarter valued at approximately $201,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in IAC in the fourth quarter valued at approximately $203,000. 88.90% of the stock is currently owned by institutional investors.

IAC Trading Up 0.5 %

IAC stock traded up $0.25 during trading hours on Thursday, reaching $55.32. 1,038,862 shares of the company’s stock traded hands, compared to its average volume of 799,836. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.36 and a current ratio of 2.36. IAC Inc. has a fifty-two week low of $41.39 and a fifty-two week high of $69.85. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 22.31 and a beta of 1.34. The firm’s 50 day moving average is $51.45 and its 200-day moving average is $50.58.

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

Wall Street Analysts Forecast Growth

IAC has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of IAC from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday. Oppenheimer boosted their price objective on shares of IAC from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group boosted their price objective on shares of IAC from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. KeyCorp dropped 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, May 3rd. Finally, Truist Financial boosted their target price on shares of IAC from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.77.

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.