Parkside Investments LLC decreased its holdings in shares of IAC Inc. (NASDAQ:IAC – Free Report) by 83.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,381 shares of the company’s stock after selling 172,616 shares during the period. Parkside Investments LLC’s holdings in IAC were worth $1,305,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC raised its holdings in IAC by 5.5% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 24,334 shares of the company’s stock worth $951,000 after buying an additional 1,272 shares during the last quarter. New Age Alpha Advisors LLC raised its holdings in IAC by 3.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock worth $356,000 after buying an additional 309 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in IAC by 173.4% during the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after buying an additional 496 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of IAC in the fourth quarter valued at about $443,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of IAC in the fourth quarter valued at about $12,067,000. Institutional investors and hedge funds own 88.90% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on the stock. TD Cowen increased their target price on shares of IAC from $60.00 to $66.00 and gave the company a “buy” rating in a report on Monday, May 4th. Wall Street Zen downgraded shares of IAC from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. KeyCorp increased their target price on shares of IAC from $41.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Citigroup increased their target price on shares of IAC from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, UBS Group increased their target price on shares of IAC from $42.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, IAC has an average rating of “Moderate Buy” and an average price target of $53.14.
IAC Stock Performance
Shares of IAC stock opened at $42.03 on Tuesday. The firm has a 50-day moving average of $41.19 and a 200-day moving average of $38.51. The company has a market cap of $2.88 billion, a P/E ratio of 113.60 and a beta of 1.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69. IAC Inc. has a one year low of $29.56 and a one year high of $45.82.
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.
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