IAC Inc. $IAC Holdings Lifted by Factorial Partners LLC

Factorial Partners LLC increased its holdings in shares of IAC Inc. (NASDAQ:IAC) by 41.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,000 shares of the company’s stock after buying an additional 14,000 shares during the quarter. Factorial Partners LLC owned 0.07% of IAC worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. UBS Group AG boosted its position in IAC by 11.4% during the fourth quarter. UBS Group AG now owns 781,195 shares of the company’s stock valued at $30,545,000 after purchasing an additional 79,755 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in IAC during the third quarter valued at $6,050,000. Public Sector Pension Investment Board boosted its position in IAC by 8.7% during the third quarter. Public Sector Pension Investment Board now owns 504,604 shares of the company’s stock valued at $17,192,000 after purchasing an additional 40,468 shares during the last quarter. Highbridge Capital Management LLC boosted its position in IAC by 68.9% during the third quarter. Highbridge Capital Management LLC now owns 484,325 shares of the company’s stock valued at $16,501,000 after purchasing an additional 197,590 shares during the last quarter. Finally, Yakira Capital Management Inc. boosted its position in IAC by 24.8% during the third quarter. Yakira Capital Management Inc. now owns 223,078 shares of the company’s stock valued at $7,600,000 after purchasing an additional 44,267 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Stock Performance

IAC opened at $45.38 on Tuesday. IAC Inc. has a 12-month low of $29.56 and a 12-month high of $46.33. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $3.11 billion, a P/E ratio of 122.65 and a beta of 1.03. The stock’s 50 day moving average price is $41.82 and its two-hundred day moving average price is $38.90.

Analyst Ratings Changes

A number of research firms recently issued reports on IAC. JPMorgan Chase & Co. lifted their price objective on IAC from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. The Goldman Sachs Group boosted their price target on IAC from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Piper Sandler set a $52.00 price target on IAC in a research report on Thursday, May 7th. Weiss Ratings raised IAC from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen cut IAC from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, IAC currently has an average rating of “Moderate Buy” and an average target price of $53.14.

IAC Profile

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.