Applied Fundamental Research LLC Has $17.96 Million Stake in IAC Inc. (NASDAQ:IAC)

Applied Fundamental Research LLC boosted its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 416,194 shares of the company's stock after buying an additional 44,835 shares during the period. IAC makes up about 14.0% of Applied Fundamental Research LLC's investment portfolio, making the stock its biggest position. Applied Fundamental Research LLC owned approximately 0.52% of IAC worth $17,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IAC. Royce & Associates LP boosted its holdings in IAC by 9.0% during the fourth quarter. Royce & Associates LP now owns 303,849 shares of the company's stock worth $13,108,000 after buying an additional 25,170 shares during the last quarter. Monimus Capital Management LP bought a new position in IAC during the 4th quarter worth approximately $1,699,000. Commonwealth Equity Services LLC grew its holdings in IAC by 2.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company's stock valued at $497,000 after purchasing an additional 320 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in IAC by 9.0% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,583,367 shares of the company's stock valued at $68,306,000 after purchasing an additional 130,604 shares in the last quarter. Finally, Swiss National Bank raised its holdings in IAC by 0.7% in the fourth quarter. Swiss National Bank now owns 142,200 shares of the company's stock worth $6,135,000 after purchasing an additional 1,000 shares during the period. 88.90% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group lowered their price objective on shares of IAC from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Oppenheimer lowered their price target on IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Benchmark cut their price objective on IAC from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. KeyCorp increased their target price on IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Barclays cut their price target on shares of IAC from $66.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.67.

IAC Stock Up 0.5 %

Shares of IAC stock traded up $0.26 during trading hours on Thursday, reaching $48.54. 1,186,231 shares of the company's stock were exchanged, compared to its average volume of 752,430. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $43.97 and a two-hundred day moving average of $47.38. The stock has a market cap of $3.76 billion, a P/E ratio of -7.44 and a beta of 1.29. IAC Inc. has a fifty-two week low of $39.61 and a fifty-two week high of $58.29.

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.