IAC Inc. (NASDAQ:IAC) Shares Acquired by Applied Fundamental Research LLC

Applied Fundamental Research LLC grew its position in shares of IAC Inc. (NASDAQ:IAC) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 416,194 shares of the company’s stock after purchasing an additional 44,835 shares during the quarter. IAC makes up 14.0% of Applied Fundamental Research LLC’s holdings, making the stock its biggest holding. Applied Fundamental Research LLC owned approximately 0.52% of IAC worth $17,955,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in IAC by 2.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company’s stock worth $497,000 after purchasing an additional 320 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of IAC by 1.6% during the third quarter. Victory Capital Management Inc. now owns 31,686 shares of the company’s stock worth $1,705,000 after acquiring an additional 490 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of IAC by 1.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 38,348 shares of the company’s stock worth $1,654,000 after acquiring an additional 531 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in IAC by 2.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 21,913 shares of the company’s stock valued at $1,179,000 after acquiring an additional 597 shares during the last quarter. Finally, KBC Group NV increased its position in IAC by 22.8% during the 4th quarter. KBC Group NV now owns 3,278 shares of the company’s stock valued at $141,000 after purchasing an additional 608 shares during the period. 88.90% of the stock is currently owned by institutional investors.

IAC Stock Performance

Shares of IAC stock opened at $44.56 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. The firm has a fifty day simple moving average of $43.68 and a two-hundred day simple moving average of $47.45. IAC Inc. has a 12 month low of $39.61 and a 12 month high of $58.29. The firm has a market capitalization of $3.45 billion, a PE ratio of -6.83 and a beta of 1.29.

Analyst Ratings Changes

IAC has been the topic of a number of analyst reports. KeyCorp upped their price objective on shares of IAC from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Oppenheimer cut their price target on shares of IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. UBS Group lowered their price objective on IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. 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. Finally, JMP Securities lowered 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. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, IAC has an average rating of “Moderate Buy” and an average price target of $64.67.

About IAC

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.