IAC Inc. (NASDAQ:IAC) Shares Acquired by Yakira Capital Management Inc.

Yakira Capital Management Inc. boosted its holdings in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,649 shares of the company's stock after acquiring an additional 35,333 shares during the quarter. IAC comprises 2.2% of Yakira Capital Management Inc.'s holdings, making the stock its 13th largest holding. Yakira Capital Management Inc. owned approximately 0.17% of IAC worth $5,895,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAC. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in IAC by 12.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,123 shares of the company's stock valued at $922,000 after buying an additional 1,901 shares during the period. Captrust Financial Advisors acquired a new stake in shares of IAC during the third quarter valued at about $282,000. Verition Fund Management LLC purchased a new stake in shares of IAC in the 3rd quarter valued at approximately $1,374,000. Quarry LP lifted its holdings in shares of IAC by 408.9% in 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 last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of IAC by 28.9% during the 3rd quarter. Quantinno Capital Management LP now owns 20,397 shares of the company's stock worth $1,098,000 after purchasing an additional 4,568 shares during the period. Hedge funds and other institutional investors own 88.90% of the company's stock.

IAC Stock Down 0.5 %

NASDAQ:IAC traded down $0.18 during trading hours on Friday, hitting $34.14. The company's stock had a trading volume of 361,572 shares, compared to its average volume of 818,574. IAC Inc. has a 52-week low of $32.05 and a 52-week 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 stock has a market capitalization of $2.65 billion, a P/E ratio of -5.24 and a beta of 1.24. The stock has a fifty day moving average of $43.65 and a 200-day moving average of $46.04.

Analysts Set New Price Targets

A number of brokerages have issued reports on IAC. Barclays cut their target price on IAC from $66.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. JMP Securities decreased their target price on IAC from $70.00 to $64.00 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $60.00 target price on shares of IAC in a research report on Friday, March 21st. Truist Financial reduced their price target on shares of IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Oppenheimer dropped their price objective 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. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, IAC has a consensus rating of "Moderate Buy" and an average price target of $64.31.

IAC Company 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.