AlphaQuest LLC Reduces Position in IAC Inc. (NASDAQ:IAC)

AlphaQuest LLC lessened its position in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 91.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,934 shares of the company's stock after selling 19,767 shares during the quarter. AlphaQuest LLC's holdings in IAC were worth $83,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in shares of IAC by 1.6% during the 3rd quarter. Victory Capital Management Inc. now owns 31,686 shares of the company's stock worth $1,705,000 after buying an additional 490 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of IAC by 1.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 38,348 shares of the company's stock worth $1,654,000 after buying an additional 531 shares during the period. KBC Group NV grew its position in shares of IAC by 22.8% during the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock worth $141,000 after buying an additional 608 shares during the period. Sanctuary Advisors LLC grew its position in shares of IAC by 0.7% during the 4th quarter. Sanctuary Advisors LLC now owns 98,966 shares of the company's stock worth $4,188,000 after buying an additional 659 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of IAC by 6.7% during the 3rd quarter. Franklin Resources Inc. now owns 10,896 shares of the company's stock worth $577,000 after buying an additional 686 shares during the period. Institutional investors and hedge funds own 88.90% of the company's stock.

IAC Stock Down 0.3 %

IAC traded down $0.15 during mid-day trading on Friday, reaching $48.39. 2,075,764 shares of the stock were exchanged, compared to its average volume of 760,637. The company has a 50 day moving average price of $44.25 and a two-hundred day moving average price of $47.33. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The stock has a market capitalization of $3.75 billion, a PE ratio of -7.42 and a beta of 1.29. IAC Inc. has a 1 year low of $39.61 and a 1 year high of $58.29.

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Analysts Set New Price Targets

A number of analysts have commented on the stock. JMP Securities decreased their price target on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Oppenheimer decreased their price target on shares of IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Barclays decreased their price target on shares of IAC from $66.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Truist Financial decreased their price target on shares of IAC from $80.00 to $76.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, KeyCorp boosted their price target on shares of IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.31.

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.