IAC Inc. (NASDAQ:IAC) Stock Holdings Increased by Brooktree Capital Management

Brooktree Capital Management grew its stake in IAC Inc. (NASDAQ:IAC) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,268 shares of the company’s stock after acquiring an additional 11,425 shares during the quarter. IAC comprises approximately 5.7% of Brooktree Capital Management’s portfolio, making the stock its 7th biggest holding. Brooktree Capital Management owned approximately 0.22% of IAC worth $7,647,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Applied Fundamental Research LLC lifted its position in IAC by 12.1% during the fourth quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company’s stock worth $17,955,000 after buying an additional 44,835 shares during the period. Royce & Associates LP lifted its position in IAC by 9.0% during the fourth quarter. Royce & Associates LP now owns 303,849 shares of the company’s stock worth $13,108,000 after buying an additional 25,170 shares during the period. Monimus Capital Management LP purchased a new position in IAC during the fourth quarter worth about $1,699,000. Commonwealth Equity Services LLC lifted its position in IAC by 2.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the company’s stock worth $497,000 after buying an additional 320 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position 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 period. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

IAC Price Performance

IAC stock opened at $47.12 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. IAC Inc. has a 1 year low of $39.61 and a 1 year high of $58.29. The firm has a market cap of $3.65 billion, a P/E ratio of -7.23 and a beta of 1.29. The stock has a 50-day simple moving average of $43.75 and a 200-day simple moving average of $47.42.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Piper Sandler downgraded IAC from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $68.00 to $54.00 in a research report on Tuesday, December 10th. Barclays reduced their target price 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 dropped their price target on IAC from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. KeyCorp upped their price target on IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, JMP Securities dropped their price target on IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, IAC has a consensus rating of “Moderate Buy” and an average price target 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.