IAC Inc. (NASDAQ:IAC) Shares Bought by Highbridge Capital Management LLC

Highbridge Capital Management LLC increased its position in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 223.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 351,681 shares of the company's stock after buying an additional 242,982 shares during the period. Highbridge Capital Management LLC owned about 0.44% of IAC worth $15,172,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its holdings in shares of IAC by 8.2% in the 3rd quarter. Pathstone Holdings LLC now owns 24,119 shares of the company's stock valued at $1,298,000 after acquiring an additional 1,819 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of IAC by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company's stock worth $51,027,000 after buying an additional 52,271 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of IAC by 12.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,123 shares of the company's stock worth $922,000 after purchasing an additional 1,901 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in IAC by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,847,499 shares of the company's stock valued at $153,252,000 after purchasing an additional 66,347 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in IAC during the 3rd quarter worth $282,000. Institutional investors and hedge funds own 88.90% of the company's stock.

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IAC Trading Down 14.8 %

Shares of NASDAQ:IAC traded down $6.81 during trading on Tuesday, reaching $39.14. 667,464 shares of the stock were exchanged, compared to its average volume of 782,052. IAC Inc. has a 12-month low of $37.98 and a 12-month high of $58.29. The firm's 50-day moving average price is $44.97 and its 200 day moving average price is $47.20. 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 firm has a market cap of $3.03 billion, a price-to-earnings ratio of -6.02 and a beta of 1.29.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IAC. Piper Sandler lowered IAC from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $68.00 to $54.00 in a report on Tuesday, December 10th. UBS Group dropped their target price on IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. KeyCorp lifted their price objective on shares of IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Barclays cut their price objective on IAC from $66.00 to $61.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Finally, Benchmark lowered their price target on shares of IAC from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.