Greenland Capital Management LP Sells 40,982 Shares of IAC Inc. (NASDAQ:IAC)

Greenland Capital Management LP cut its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 63.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,116 shares of the company's stock after selling 40,982 shares during the quarter. Greenland Capital Management LP's holdings in IAC were worth $997,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new position in IAC during the fourth quarter valued at $38,817,000. Joel Isaacson & Co. LLC lifted its holdings in shares of IAC by 553.6% in the 4th quarter. Joel Isaacson & Co. LLC now owns 424,238 shares of the company's stock valued at $18,302,000 after acquiring an additional 359,327 shares during the last quarter. Highbridge Capital Management LLC lifted its holdings in shares of IAC by 223.5% in the 4th quarter. Highbridge Capital Management LLC now owns 351,681 shares of the company's stock valued at $15,172,000 after acquiring an additional 242,982 shares during the last quarter. Proficio Capital Partners LLC grew its position in IAC by 4,238.5% in the fourth quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company's stock worth $9,897,000 after acquiring an additional 224,131 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in IAC during the fourth quarter worth approximately $8,015,000. Institutional investors own 88.90% of the company's stock.

IAC Trading Down 0.4 %

Shares of NASDAQ:IAC traded down $0.13 during trading on Friday, reaching $34.19. 1,182,008 shares of the company were exchanged, compared to its average volume of 822,942. The business's fifty day simple moving average is $43.47 and its 200-day simple moving average is $45.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. IAC Inc. has a 12-month low of $32.05 and a 12-month high of $58.29. The firm has a market capitalization of $2.65 billion, a PE ratio of -5.24 and a beta of 1.24.

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Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IAC. KeyCorp raised their price objective on IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Oppenheimer dropped their price objective 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 cut their price objective on shares of IAC from $66.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Truist Financial lowered their target price on shares of IAC from $80.00 to $76.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Citigroup upped their price target on shares of IAC from $56.00 to $58.00 and gave the company a "buy" rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.