Fox Run Management L.L.C. Takes Position in IAC Inc. (NASDAQ:IAC)

Fox Run Management L.L.C. purchased a new stake in shares of IAC Inc. (NASDAQ:IAC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,041 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds have also added to or reduced their stakes in IAC. Joel Isaacson & Co. LLC raised its position in shares of IAC by 553.6% during the 4th quarter. Joel Isaacson & Co. LLC now owns 424,238 shares of the company’s stock valued at $18,302,000 after acquiring an additional 359,327 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of IAC by 4,238.5% during the fourth quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company’s stock worth $9,897,000 after purchasing an additional 224,131 shares during the period. Raymond James Financial Inc. bought a new stake in IAC in the fourth quarter valued at about $8,015,000. Empirical Asset Management LLC acquired a new position in IAC in the fourth quarter valued at about $7,794,000. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in IAC by 9.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,583,367 shares of the company’s stock worth $68,306,000 after buying an additional 130,604 shares during the last quarter. Institutional investors own 88.90% of the company’s stock.

IAC Price Performance

NASDAQ IAC opened at $46.32 on Friday. IAC Inc. has a 12-month low of $39.61 and a 12-month high of $58.29. The firm’s 50 day moving average is $44.90 and its 200-day moving average is $47.28. The company has a market capitalization of $3.59 billion, a PE ratio of -7.10 and a beta of 1.29. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

A number of analysts recently weighed in on IAC shares. JMP Securities cut their price target on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Citigroup lifted their price target on shares of IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Benchmark lowered their price objective on shares of IAC from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. UBS Group reduced their target price on IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, Truist Financial lowered their price target on IAC from $80.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.31.

IAC 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.