New Age Alpha Advisors LLC Takes $289,000 Position in IAC Inc. (NASDAQ:IAC)

New Age Alpha Advisors LLC purchased a new position in IAC Inc. (NASDAQ:IAC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,693 shares of the company's stock, valued at approximately $289,000.

A number of other institutional investors have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in IAC by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,123 shares of the company's stock valued at $922,000 after purchasing an additional 1,901 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of IAC in the 3rd quarter valued at $282,000. Verition Fund Management LLC bought a new stake in shares of IAC in the 3rd quarter valued at $1,374,000. Intrepid Capital Management Inc. acquired a new stake in IAC during the 3rd quarter worth $1,782,000. Finally, Quarry LP lifted its holdings in IAC by 408.9% during the third quarter. Quarry LP now owns 977 shares of the company's stock worth $53,000 after acquiring an additional 785 shares in the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

IAC Stock Down 3.5 %

Shares of NASDAQ:IAC traded down $1.29 during trading on Friday, hitting $35.47. 1,966,466 shares of the company were exchanged, compared to its average volume of 802,021. IAC Inc. has a fifty-two week low of $35.26 and a fifty-two week high of $58.29. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -5.44 and a beta of 1.24. 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 firm has a fifty day moving average price of $44.64 and a two-hundred day moving average price of $46.77.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on IAC shares. Benchmark dropped their price target on IAC from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. UBS Group cut their price target on shares of IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Oppenheimer reduced their price target on shares of IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Citigroup raised their price objective on shares of IAC from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $60.00 price objective on shares of IAC in a research report on Friday, March 21st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, IAC currently has a consensus rating of "Moderate Buy" and a consensus 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.