Delta Financial Advisors LLC Has $224,000 Stock Holdings in IAC Inc. (NASDAQ:IAC)

Delta Financial Advisors LLC decreased its position in IAC Inc. (NASDAQ:IAC) by 30.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,271 shares of the company’s stock after selling 1,875 shares during the period. Delta Financial Advisors LLC’s holdings in IAC were worth $224,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its holdings in IAC by 113,402.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 14,552,095 shares of the company’s stock worth $646,113,000 after purchasing an additional 14,539,274 shares during the period. Vanguard Group Inc. boosted its position in IAC by 1.5% during the third quarter. Vanguard Group Inc. now owns 7,342,693 shares of the company’s stock worth $406,639,000 after purchasing an additional 109,526 shares during the period. BlackRock Inc. increased its holdings in shares of IAC by 2.6% in the first quarter. BlackRock Inc. now owns 4,034,335 shares of the company’s stock valued at $404,563,000 after purchasing an additional 101,945 shares during the last quarter. Davis Selected Advisers raised its position in shares of IAC by 16.9% in the third quarter. Davis Selected Advisers now owns 2,960,918 shares of the company’s stock valued at $149,201,000 after purchasing an additional 428,065 shares during the period. Finally, FMR LLC lifted its stake in shares of IAC by 6.8% during the 3rd quarter. FMR LLC now owns 1,470,853 shares of the company’s stock worth $74,116,000 after buying an additional 93,467 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Trading Up 1.9 %

IAC stock traded up $0.90 during trading on Thursday, hitting $47.96. The company had a trading volume of 110,366 shares, compared to its average volume of 548,669. 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 stock has a market cap of $3.84 billion, a PE ratio of 18.98 and a beta of 1.32. The business has a 50-day moving average of $52.87 and a 200-day moving average of $50.27. IAC Inc. has a one year low of $41.39 and a one year high of $69.85.

IAC (NASDAQ:IAC) last posted its quarterly 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). The business had revenue of $1.06 billion for 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%. Research analysts predict that IAC Inc. will post -1.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IAC has been the topic of several research analyst reports. UBS Group increased their price target on shares of IAC from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. KeyCorp upped their price objective on IAC from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Truist Financial boosted their target price on shares of 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 objective on shares of IAC from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.69.

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.