Shufro Rose & Co. LLC Has $1.30 Million Holdings in IAC Inc. (NASDAQ:IAC)

Shufro Rose & Co. LLC lessened its holdings in IAC Inc. (NASDAQ:IAC) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,800 shares of the company’s stock after selling 400 shares during the period. Shufro Rose & Co. LLC’s holdings in IAC were worth $1,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management raised its holdings 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 acquiring an additional 303 shares during the last quarter. Covestor Ltd increased its stake in IAC by 15.4% in the 3rd quarter. Covestor Ltd now owns 2,144 shares of the company’s stock valued at $108,000 after buying an additional 286 shares during the last quarter. Headlands Technologies LLC increased its stake in IAC by 39.7% in the 3rd quarter. Headlands Technologies LLC now owns 2,702 shares of the company’s stock valued at $136,000 after buying an additional 768 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in IAC in the 4th quarter valued at about $203,000. Finally, Park Avenue Securities LLC purchased a new stake in IAC in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

Wall Street Analyst Weigh In

IAC has been the subject of several analyst reports. Truist Financial increased their price objective on shares of IAC from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Barclays increased their price objective on shares of IAC from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. UBS Group increased their price objective on shares of IAC from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, KeyCorp increased their price objective on shares of IAC from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, IAC currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.69.

IAC Stock Performance

Shares of IAC stock traded up $0.52 on Friday, reaching $48.62. 555,740 shares of the company traded hands, compared to its average volume of 509,294. IAC Inc. has a 52 week low of $41.39 and a 52 week high of $69.85. The company has a 50 day moving average of $52.13 and a 200 day moving average of $50.25. The firm has a market capitalization of $3.89 billion, a PE ratio of 19.60 and a beta of 1.32. 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 released its quarterly earnings data 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 the consensus estimate of $1.06 billion. IAC had a negative return on equity of 4.15% and a net margin of 6.09%. Equities analysts forecast that IAC Inc. will post -2.02 earnings per share for the current year.

IAC Company 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.