ACR Alpine Capital Research LLC Sells 941 Shares of IAC Inc. (NASDAQ:IAC)

ACR Alpine Capital Research LLC lowered its holdings in shares of IAC Inc. (NASDAQ:IAC) by 1.1% during the 4th quarter, HoldingsChannel reports. The fund owned 87,610 shares of the company’s stock after selling 941 shares during the period. IAC accounts for approximately 0.1% of ACR Alpine Capital Research LLC’s portfolio, making the stock its 23rd biggest holding. ACR Alpine Capital Research LLC’s holdings in IAC were worth $3,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of IAC. Joel Isaacson & Co. LLC lifted its stake in shares of IAC by 553.6% in the fourth quarter. Joel Isaacson & Co. LLC now owns 424,238 shares of the company’s stock worth $18,302,000 after buying an additional 359,327 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of IAC by 4,238.5% in the fourth quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company’s stock worth $9,897,000 after buying an additional 224,131 shares in the last quarter. Empirical Asset Management LLC bought a new position in shares of IAC in the fourth quarter worth approximately $7,794,000. Assenagon Asset Management S.A. lifted its stake in shares of IAC by 452.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 102,883 shares of the company’s stock worth $4,438,000 after buying an additional 84,259 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of IAC by 581.3% in the third quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company’s stock worth $5,291,000 after buying an additional 83,878 shares in the last quarter. Institutional investors own 88.90% of the company’s stock.

Analysts Set New Price Targets

IAC has been the topic of several analyst reports. TD Cowen dropped their target price on shares of IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Truist Financial decreased their price objective on shares of IAC from $80.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, February 13th. JMP Securities decreased their price objective on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a report on Thursday, February 13th. UBS Group decreased their price objective on shares of IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Finally, Citigroup boosted their price objective on shares of IAC from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.67.

IAC Stock Down 0.7 %

Shares of IAC stock opened at $46.22 on Monday. The stock has a market cap of $3.72 billion, a P/E ratio of -7.09 and a beta of 1.32. IAC Inc. has a 12 month low of $39.61 and a 12 month high of $58.29. The company has a 50 day simple moving average of $43.39 and a two-hundred day simple moving average of $47.96. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31.

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.