Parkside Investments LLC Increases Holdings in IAC Inc. (NASDAQ:IAC)

Parkside Investments LLC increased its stake in shares of IAC Inc. (NASDAQ:IAC – Get Rating) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 139,003 shares of the company’s stock after buying an additional 14,545 shares during the quarter. Parkside Investments LLC owned about 0.17% of IAC worth $6,172,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wipfli Financial Advisors LLC purchased a new position in IAC during the third quarter worth approximately $40,000. Toronto Dominion Bank increased its stake in IAC by 103.8% during the third quarter. Toronto Dominion Bank now owns 807 shares of the company’s stock worth $45,000 after acquiring an additional 411 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in IAC by 12,044.4% during the third quarter. SRS Capital Advisors Inc. now owns 1,093 shares of the company’s stock worth $61,000 after acquiring an additional 1,084 shares during the last quarter. Wahed Invest LLC acquired a new stake in IAC during the second quarter worth $63,000. Finally, Seeyond acquired a new stake in IAC during the second quarter worth $72,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on IAC shares. Benchmark reissued a “buy” rating and set a $130.00 target price on shares of IAC in a research note on Friday, February 10th. Oppenheimer reissued an “outperform” rating and set a $70.00 target price on shares of IAC in a research note on Wednesday, February 15th. Barclays raised their target price on IAC from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 15th. StockNews.com began coverage on IAC in a research note on Thursday. They issued a “hold” rating for the company. Finally, Citigroup lifted their price objective on IAC from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.13.

IAC Trading Down 2.4 %

IAC opened at $50.02 on Friday. IAC Inc. has a 12 month low of $41.52 and a 12 month high of $106.77. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of -3.71 and a beta of 1.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.37 and a quick ratio of 2.37. The business has a fifty day moving average price of $52.93 and a 200 day moving average price of $51.83.

IAC (NASDAQ:IAC – Get Rating) last released its earnings results on Monday, February 13th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.32. IAC had a negative return on equity of 4.52% and a negative net margin of 22.35%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Sell-side analysts expect that IAC Inc. will post -2.16 earnings per share for the current fiscal year.

IAC Company Profile

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IAC is a media and Internet company comprised of some of the world’s most recognized brands and products, such as HomeAdvisor, Vimeo, About.com, Dictionary.com, The Daily Beast, Investopedia, and Match Group’s online dating portfolio, which includes Match, OkCupid and Tinder. Ranked by Fortune magazine’s annual standing of the world’s most admired companies in the Internet Services & Retailing sector for many years, IAC’s family of websites is one of the largest in the world, with over two billion monthly visits reaching users in more than 190 countries.