Quantbot Technologies LP Purchases New Position in IAC Inc. (NASDAQ:IAC)

Quantbot Technologies LP bought a new position in shares of IAC Inc. (NASDAQ:IAC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,275 shares of the company's stock, valued at approximately $1,177,000.

Several other institutional investors also recently bought and sold shares of IAC. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of IAC during the 4th quarter valued at about $41,000. Quarry LP raised its position in shares of IAC by 408.9% during the 3rd quarter. Quarry LP now owns 977 shares of the company's stock worth $53,000 after purchasing an additional 785 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in IAC by 1,398.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock valued at $89,000 after buying an additional 1,916 shares in the last quarter. Allworth Financial LP boosted its holdings in IAC by 1,193.4% in the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company's stock worth $139,000 after buying an additional 3,079 shares during the last quarter. Finally, KBC Group NV increased its stake in IAC by 22.8% during the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock worth $141,000 after buying an additional 608 shares in the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

IAC Price Performance

IAC stock traded down $3.09 on Friday, hitting $45.78. 370,262 shares of the company's stock traded hands, compared to its average volume of 777,220. The stock has a fifty day moving average of $44.82 and a 200-day moving average of $47.30. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of -7.02 and a beta of 1.29. IAC Inc. has a 1-year low of $39.61 and a 1-year 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.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on IAC shares. JMP Securities lowered their price target on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating on the stock in a research report on Thursday, February 13th. KeyCorp increased their price objective on shares of IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Oppenheimer reduced their price target on shares of IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Barclays cut their price target on IAC from $66.00 to $61.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Finally, Truist Financial dropped their target price on IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, IAC presently has an average rating of "Moderate Buy" and an average 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.