Leuthold Group LLC Buys New Stake in IAC Inc. (NASDAQ:IAC)

Leuthold Group LLC purchased a new stake in shares of IAC Inc. (NASDAQ:IAC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 63,423 shares of the company’s stock, valued at approximately $3,322,000. Leuthold Group LLC owned approximately 0.08% of IAC as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of IAC by 130.3% during the third quarter. SG Americas Securities LLC now owns 5,542 shares of the company’s stock valued at $279,000 after buying an additional 3,136 shares during the period. Asset Management One Co. Ltd. increased its stake in IAC by 1,116.0% in the third quarter. Asset Management One Co. Ltd. now owns 4,171 shares of the company’s stock worth $210,000 after purchasing an additional 3,828 shares during the period. Commonwealth Equity Services LLC increased its stake in IAC by 82.0% in the third quarter. Commonwealth Equity Services LLC now owns 8,990 shares of the company’s stock worth $453,000 after purchasing an additional 4,051 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of IAC by 17.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 152,518 shares of the company’s stock worth $7,685,000 after purchasing an additional 22,321 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of IAC by 16.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,416 shares of the company’s stock valued at $726,000 after purchasing an additional 1,992 shares during the period. Institutional investors own 88.90% of the company’s stock.

IAC Trading Up 0.1 %

IAC traded up $0.07 on Tuesday, hitting $55.82. The company had a trading volume of 95,449 shares, compared to its average volume of 768,246. The company’s fifty day moving average price is $51.47 and its 200 day moving average price is $50.48. IAC Inc. has a 1 year low of $41.39 and a 1 year high of $69.85. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.30. The firm has a market cap of $4.48 billion, a P/E ratio of 22.48 and a beta of 1.34.

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

Analyst Ratings Changes

IAC has been the subject of several research reports. Truist Financial upped their target price on IAC from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. UBS Group increased their target price on shares of IAC from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Barclays boosted their price target on shares of IAC from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Finally, KeyCorp dropped their target price on IAC from $72.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.23.

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.