IAC Inc. (NASDAQ:IAC) is Brooktree Capital Management's 7th Largest Position

Brooktree Capital Management raised its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 6.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 177,268 shares of the company's stock after acquiring an additional 11,425 shares during the quarter. IAC makes up 5.7% of Brooktree Capital Management's holdings, making the stock its 7th largest holding. Brooktree Capital Management owned about 0.22% of IAC worth $7,647,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of IAC. Atria Investments Inc grew its position in shares of IAC by 15.8% during the 3rd quarter. Atria Investments Inc now owns 5,444 shares of the company's stock worth $293,000 after buying an additional 743 shares in the last quarter. 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 in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of IAC by 2.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,913 shares of the company's stock worth $1,179,000 after buying an additional 597 shares in the last quarter. Natixis Advisors LLC grew its position in shares of IAC by 1.5% during the 3rd quarter. Natixis Advisors LLC now owns 83,100 shares of the company's stock worth $4,472,000 after buying an additional 1,199 shares in the last quarter. Finally, Quest Partners LLC grew its position in shares of IAC by 2,546.5% during the 3rd quarter. Quest Partners LLC now owns 21,701 shares of the company's stock worth $1,168,000 after buying an additional 20,881 shares in the last quarter. Institutional investors own 88.90% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on IAC shares. Barclays dropped their price target on IAC from $66.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. UBS Group dropped their price objective on IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Truist Financial dropped their price objective on IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. JMP Securities dropped their price objective on IAC from $70.00 to $64.00 and set a "market outperform" rating on the stock in a research report on Thursday, February 13th. Finally, KeyCorp raised their price objective on IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, IAC has a consensus rating of "Moderate Buy" and a consensus target price of $64.31.

IAC Stock Down 0.3 %

IAC stock traded down $0.15 during midday trading on Friday, reaching $48.39. The company's stock had a trading volume of 2,075,764 shares, compared to its average volume of 759,512. The stock's 50-day simple moving average is $44.25 and its 200-day simple moving average is $47.36. 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 52-week low of $39.61 and a 52-week high of $58.29. The stock has a market capitalization of $3.75 billion, a P/E ratio of -7.42 and a beta of 1.29.

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.