Raymond James Financial Inc. Acquires Shares of 185,790 IAC Inc. (NASDAQ:IAC)

Raymond James Financial Inc. acquired a new position in shares of IAC Inc. (NASDAQ:IAC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 185,790 shares of the company's stock, valued at approximately $8,015,000. Raymond James Financial Inc. owned approximately 0.23% of IAC as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP raised its holdings 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 acquiring an additional 785 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in 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 purchasing an additional 1,916 shares during the period. KBC Group NV raised its stake in IAC by 22.8% during the fourth quarter. KBC Group NV now owns 3,278 shares of the company's stock worth $141,000 after purchasing an additional 608 shares during the period. 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 valued at $139,000 after purchasing an additional 3,079 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of IAC in the 3rd quarter valued at approximately $282,000. Institutional investors and hedge funds own 88.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IAC. UBS Group decreased their price objective on IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $60.00 price target on shares of IAC in a report on Friday, March 21st. KeyCorp raised their price objective on IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. JMP Securities decreased their target price 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. Finally, Citigroup lifted their price target on shares of IAC from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Three investment 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $64.31.

Remove Ads

IAC Stock Down 0.9 %

Shares of NASDAQ IAC traded down $0.45 during mid-day trading on Wednesday, hitting $48.97. The company had a trading volume of 742,314 shares, compared to its average volume of 764,421. The company has a market capitalization of $3.79 billion, a PE ratio of -7.51 and a beta of 1.29. The business's 50-day simple moving average is $44.57 and its 200 day simple moving average is $47.28. IAC Inc. has a 1-year low of $39.61 and a 1-year high of $58.29. 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 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.