IAC Inc. (NASDAQ:IAC) Stock Holdings Boosted by Applied Fundamental Research LLC

Applied Fundamental Research LLC lifted its position in IAC Inc. (NASDAQ:IAC) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,194 shares of the company’s stock after acquiring an additional 44,835 shares during the quarter. IAC makes up approximately 14.0% of Applied Fundamental Research LLC’s portfolio, making the stock its largest position. Applied Fundamental Research LLC’s holdings in IAC were worth $17,955,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Investments Inc lifted its holdings in IAC by 15.8% during the third quarter. Atria Investments Inc now owns 5,444 shares of the company’s stock worth $293,000 after acquiring an additional 743 shares during the period. Entropy Technologies LP purchased a new position in shares of IAC in the 3rd quarter worth about $338,000. Victory Capital Management Inc. grew its position in IAC by 1.6% during the third quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock valued at $1,705,000 after buying an additional 490 shares during the period. Oppenheimer Asset Management Inc. grew its position in IAC by 2.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 21,913 shares of the company’s stock valued at $1,179,000 after buying an additional 597 shares during the period. Finally, Natixis Advisors LLC increased its holdings in IAC by 1.5% during the third quarter. Natixis Advisors LLC now owns 83,100 shares of the company’s stock worth $4,472,000 after buying an additional 1,199 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Piper Sandler downgraded shares of IAC from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $68.00 to $54.00 in a research report on Tuesday, December 10th. Oppenheimer reduced their price objective on IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Citigroup boosted their target price on IAC from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, January 31st. KeyCorp lifted their price objective on IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, UBS Group dropped their price objective on shares of IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.67.

IAC Price Performance

Shares of NASDAQ:IAC opened at $44.56 on Monday. The company has a 50 day moving average of $43.68 and a 200 day moving average of $47.45. 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 cap of $3.45 billion, a P/E ratio of -6.83 and a beta of 1.29. IAC Inc. has a 12 month low of $39.61 and a 12 month high of $58.29.

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.