WINTON GROUP Ltd Lowers Position in IAC Inc. (NASDAQ:IAC)

WINTON GROUP Ltd lowered its position in IAC Inc. (NASDAQ:IAC - Free Report) by 81.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,604 shares of the company's stock after selling 111,702 shares during the quarter. WINTON GROUP Ltd's holdings in IAC were worth $1,061,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC lifted its holdings in shares of IAC by 581.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company's stock valued at $5,291,000 after purchasing an additional 83,878 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in IAC by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company's stock valued at $51,027,000 after purchasing an additional 52,271 shares during the last quarter. Applied Fundamental Research LLC lifted its stake in shares of IAC by 12.1% in the 4th quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company's stock valued at $17,955,000 after purchasing an additional 44,835 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in IAC by 15.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 334,267 shares of the company's stock valued at $17,990,000 after buying an additional 44,000 shares in the last quarter. Finally, Barclays PLC raised its position in shares of IAC by 922.5% in the third quarter. Barclays PLC now owns 60,737 shares of the company's stock worth $3,268,000 after acquiring an additional 54,797 shares during the period. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IAC. Barclays lowered 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. Oppenheimer decreased their price objective on shares of IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. KeyCorp boosted their target price on shares of IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. JMP Securities reduced their target price on IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a report on Thursday, February 13th. Finally, Piper Sandler downgraded IAC from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $68.00 to $54.00 in a research report on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, IAC presently has an average rating of "Moderate Buy" and a consensus price target of $64.31.

IAC Trading Up 1.3 %

NASDAQ:IAC traded up $0.51 on Wednesday, hitting $39.77. The stock had a trading volume of 517,728 shares, compared to its average volume of 787,586. The company has a fifty day moving average price of $44.91 and a two-hundred day moving average price of $47.11. IAC Inc. has a 1-year low of $37.76 and a 1-year high of $58.29. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -6.11 and a beta of 1.24.

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.