Quantbot Technologies LP Purchases Shares of 27,275 IAC Inc. (NASDAQ:IAC)

Quantbot Technologies LP acquired a new position in IAC Inc. (NASDAQ:IAC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,275 shares of the company’s stock, valued at approximately $1,177,000.

Several other large investors have also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in IAC by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,847,499 shares of the company’s stock valued at $153,252,000 after acquiring an additional 66,347 shares during the period. State Street Corp boosted its stake in shares of IAC by 1.2% in the third quarter. State Street Corp now owns 2,360,210 shares of the company’s stock valued at $127,027,000 after purchasing an additional 28,577 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in shares of IAC by 9.0% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,583,367 shares of the company’s stock valued at $68,306,000 after purchasing an additional 130,604 shares in the last quarter. Geode Capital Management LLC increased its stake in IAC by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,217,480 shares of the company’s stock worth $65,541,000 after buying an additional 25,909 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in IAC by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 967,260 shares of the company’s stock worth $41,728,000 after buying an additional 19,148 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

IAC Trading Down 1.2 %

NASDAQ IAC opened at $49.42 on Wednesday. The firm’s fifty day moving average price is $44.57 and its 200 day moving average price is $47.28. IAC Inc. has a 12 month low of $39.61 and a 12 month high of $58.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of -7.58 and a beta of 1.29.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial dropped their price target on shares of IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. JMP Securities cut their price target on IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. Barclays reduced their price target on IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Benchmark cut their target price on shares of IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Oppenheimer decreased their price target on shares of IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.31.

IAC Company 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.