Investidor Profissional Gestao de Recursos Ltda. Sells 18,153 Shares of IAC Inc. (NASDAQ:IAC)

Investidor Profissional Gestao de Recursos Ltda. cut its holdings in IAC Inc. (NASDAQ:IAC) by 20.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 72,300 shares of the company’s stock after selling 18,153 shares during the quarter. IAC comprises 1.8% of Investidor Profissional Gestao de Recursos Ltda.’s holdings, making the stock its 11th biggest position. Investidor Profissional Gestao de Recursos Ltda. owned approximately 0.09% of IAC worth $3,891,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of IAC. International Assets Investment Management LLC acquired a new stake in IAC in the 2nd quarter valued at $39,000. GAMMA Investing LLC raised its position in IAC by 98.8% during the third quarter. GAMMA Investing LLC now owns 990 shares of the company’s stock worth $53,000 after acquiring an additional 492 shares in the last quarter. CWM LLC grew its position in shares of IAC by 55.6% in the 2nd quarter. CWM LLC now owns 1,142 shares of the company’s stock valued at $54,000 after acquiring an additional 408 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of IAC during the 2nd quarter worth about $60,000. Finally, Innealta Capital LLC bought a new stake in shares of IAC in the 2nd quarter valued at about $146,000. 88.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

IAC has been the subject of a number of research analyst reports. KeyCorp reduced their price target on IAC from $67.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Benchmark reissued a “buy” rating and set a $110.00 target price on shares of IAC in a report on Tuesday, November 12th. UBS Group raised IAC to a “hold” rating in a report on Monday, October 28th. TD Cowen decreased their price objective on shares of IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Finally, Citigroup dropped their price objective on shares of IAC from $70.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.91.

IAC Trading Down 0.1 %

Shares of IAC stock opened at $46.95 on Monday. The stock has a market cap of $3.78 billion, a P/E ratio of -109.19 and a beta of 1.33. IAC Inc. has a 1 year low of $43.51 and a 1 year high of $58.29. The company has a current ratio of 2.75, a quick ratio of 2.68 and a debt-to-equity ratio of 0.30. The stock has a 50 day simple moving average of $51.97 and a 200 day simple moving average of $50.91.

IAC (NASDAQ:IAC) last released its earnings results 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). The company had revenue of $938.70 million for the quarter, compared to the consensus estimate of $922.62 million. IAC had a negative net margin of 0.34% and a negative return on equity of 5.63%. The business’s revenue was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) earnings per share. On average, research analysts predict that IAC Inc. will post -3.97 earnings per share for the current fiscal 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.