1 week Ago By Defense World Staff
Geode Capital Management LLC cut its holdings in shares of IAC Inc. ( NASDAQ:IAC – Free Report ) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 1,199,081 shares of the company’s stock after selling 18,399 shares during the period. Geode Capital Management LLC owned 1.49% of IAC worth $51,744,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in IAC. Norges Bank purchased a new stake in IAC in the fourth quarter valued at about $38,817,000. Joel Isaacson & Co.
LLC raised its position in shares of IAC by 553.6% in the 4th quarter. Joel Isaacson & Co.
LLC now owns 424,238 shares of the company’s stock valued at $18,302,000 after purchasing an additional 359,327 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in IAC by 223.5% in the 4th quarter.
Highbridge Capital Management LLC now owns 351,681 shares of the company’s stock worth $15,172,000 after purchasing an additional 242,982 shares in the last quarter. Proficio Capital Partners LLC grew its position in IAC by 4,238.5% during the 4th quarter.
Proficio Capital Partners LLC now owns 229,419 shares of the company’s stock worth $9,897,000 after purchasing an additional 224,131 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in IAC during the 4th quarter valued at approximately $8,015,000.
Hedge funds and other institutional investors own 88.90% of the company’s stock. Analyst Upgrades and Downgrades A number of brokerages have recently weighed in on IAC.
Barclays dropped their price objective on shares of IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th.
Benchmark dropped their price target on IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th.
UBS Group reduced their price objective on IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th.
Truist Financial dropped their target price on IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th.
Finally, JMP Securities reduced their price target on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a research report on Thursday, February 13th.
Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.31.
IAC Stock Performance Shares of IAC stock opened at $34.19 on Monday. The company has a current ratio of 2.
80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31.
IAC Inc. has a 12-month low of $32.05 and a 12-month high of $58.
29. The business’s 50 day moving average is $43.47 and its two-hundred day moving average is $45.
85. The company has a market capitalization of $2.65 billion, a P/E ratio of -5.
24 and a beta of 1.24. IAC Company Profile ( Free Report ) 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. Read More Five stocks we like better than IAC The Most Important Warren Buffett Stock for Investors: His Own Is McDonald’s Stock Serving a Value Meal to Investors? Insider Buying Explained: What Investors Need to Know Walgreens Comeback? Private Equity Circling for a Buyout Why Understanding Call Option Volume is Essential to Successful Options Trading Coca-Cola Stock Looks Refreshing After the Relief Rally Want to see what other hedge funds are holding IAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IAC Inc.
( NASDAQ:IAC – Free Report ). Receive News & Ratings for IAC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC and related companies with MarketBeat.com's FREE daily email newsletter .
.
