IAC Inc. (NASDAQ:IAC) Shares Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC increased its position in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 4,238.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 229,419 shares of the company's stock after buying an additional 224,131 shares during the period. Proficio Capital Partners LLC owned about 0.29% of IAC worth $9,897,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Quarry LP increased its position in IAC by 408.9% during the third quarter. Quarry LP now owns 977 shares of the company's stock worth $53,000 after buying an additional 785 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of IAC by 1,398.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock worth $89,000 after acquiring an additional 1,916 shares during the last quarter. Allworth Financial LP increased its holdings in shares of IAC by 1,193.4% in the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company's stock valued at $139,000 after acquiring an additional 3,079 shares during the period. KBC Group NV raised its position in IAC by 22.8% in the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock valued at $141,000 after purchasing an additional 608 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in IAC during the 3rd quarter worth $209,000. 88.90% of the stock is owned by hedge funds and other institutional investors.

IAC Price Performance

Shares of NASDAQ:IAC traded down $0.72 during midday trading on Monday, hitting $45.50. 1,050,513 shares of the stock were exchanged, compared to its average volume of 907,655. IAC Inc. has a twelve month low of $39.61 and a twelve month high of $58.29. 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 price of $43.39 and a 200-day moving average price of $47.96. The stock has a market cap of $3.66 billion, a P/E ratio of -6.98 and a beta of 1.32.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. TD Cowen reduced their target price on shares of IAC from $82.00 to $77.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. Piper Sandler downgraded IAC from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $68.00 to $54.00 in a research note on Tuesday, December 10th. Barclays decreased 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. 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. Finally, Benchmark decreased their price target on IAC from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, IAC currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.67.

IAC 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.