Applied Fundamental Research LLC Has $19.99 Million Stock Holdings in IAC Inc. (NASDAQ:IAC)

Applied Fundamental Research LLC cut its stake in IAC Inc. (NASDAQ:IAC) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 371,359 shares of the company’s stock after selling 9,618 shares during the period. IAC comprises approximately 13.2% of Applied Fundamental Research LLC’s portfolio, making the stock its largest position. Applied Fundamental Research LLC owned about 0.46% of IAC worth $19,987,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in IAC. International Assets Investment Management LLC purchased a new position in shares of IAC during the second quarter worth approximately $39,000. GAMMA Investing LLC lifted its stake in IAC by 98.8% in the third quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock worth $53,000 after purchasing an additional 492 shares during the last quarter. CWM LLC boosted its position in IAC by 55.6% during the second quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $54,000 after buying an additional 408 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of IAC during the second quarter valued at about $60,000. Finally, Innealta Capital LLC bought a new position in shares of IAC during the second quarter valued at about $146,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.

Analyst Ratings Changes

IAC has been the subject of several analyst reports. Benchmark restated a “buy” rating and set a $110.00 target price on shares of IAC in a report on Tuesday, November 12th. Truist Financial dropped their price objective on IAC from $88.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. UBS Group upgraded shares of IAC to a “hold” rating in a research report on Monday, October 28th. Citigroup cut their price objective on IAC from $70.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Macquarie restated an “outperform” rating and set a $14.00 target price on shares of IAC in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.36.

IAC Stock Performance

Shares of IAC stock opened at $48.56 on Tuesday. The company’s fifty day moving average price is $51.59 and its 200-day moving average price is $50.60. The stock has a market cap of $3.91 billion, a PE ratio of -112.93 and a beta of 1.33. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.30. IAC Inc. has a 12 month low of $43.51 and a 12 month high of $58.29.

IAC (NASDAQ:IAC) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($2.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($2.73). IAC had a negative return on equity of 5.63% and a negative net margin of 0.34%. The business had revenue of $938.70 million during the quarter, compared to analysts’ expectations of $922.62 million. During the same quarter last year, the company posted ($0.30) EPS. IAC’s revenue for the quarter was down 15.5% compared to the same quarter last year. On average, equities analysts expect that IAC Inc. will post -3.97 EPS for the current fiscal 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.