Bank Julius Baer & Co. Ltd Zurich Makes New Investment in IAC Inc. (NASDAQ:IAC)

Bank Julius Baer & Co. Ltd Zurich acquired a new position in IAC Inc. (NASDAQ:IAC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 852 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in IAC by 1.6% in 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. Illinois Municipal Retirement Fund lifted its stake in IAC by 1.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 38,348 shares of the company’s stock valued at $1,654,000 after buying an additional 531 shares during the period. Oppenheimer Asset Management Inc. lifted its stake 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 buying an additional 597 shares during the period. KBC Group NV lifted its stake in IAC by 22.8% in the fourth quarter. KBC Group NV now owns 3,278 shares of the company’s stock valued at $141,000 after buying an additional 608 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in IAC by 0.7% in the fourth quarter. Sanctuary Advisors LLC now owns 98,966 shares of the company’s stock valued at $4,188,000 after buying an additional 659 shares during the period. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Stock Down 0.4 %

NASDAQ:IAC opened at $43.78 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The company has a market cap of $3.39 billion, a PE ratio of -6.71 and a beta of 1.29. IAC Inc. has a 52-week low of $39.61 and a 52-week high of $58.29. The stock has a 50-day simple moving average of $43.62 and a 200 day simple moving average of $47.62.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on IAC shares. TD Cowen cut their target price on IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Benchmark cut their target price on IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Truist Financial cut their target price on IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Barclays lowered their price target on IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Finally, Oppenheimer lowered their price target on IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.