IAC Inc. (NASDAQ:IAC) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd reduced its holdings in shares of IAC Inc. (NASDAQ:IAC) by 81.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,604 shares of the company’s stock after selling 111,702 shares during the quarter. WINTON GROUP Ltd’s holdings in IAC were worth $1,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of IAC in the fourth quarter worth $41,000. Quarry LP increased its position in shares of IAC by 408.9% in the 3rd quarter. Quarry LP now owns 977 shares of the company’s stock worth $53,000 after purchasing an additional 785 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of IAC by 1,398.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock valued at $89,000 after purchasing an additional 1,916 shares in the last quarter. Allworth Financial LP raised its stake in shares of IAC by 1,193.4% in the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock valued at $139,000 after purchasing an additional 3,079 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of IAC by 22.8% during the fourth quarter. KBC Group NV now owns 3,278 shares of the company’s stock worth $141,000 after purchasing an additional 608 shares during the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

IAC Trading Down 5.2 %

Shares of NASDAQ IAC opened at $46.32 on Friday. The business has a 50 day simple moving average of $44.90 and a 200 day simple moving average of $47.28. IAC Inc. has a 52 week low of $39.61 and a 52 week high of $58.29. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of -7.10 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80.

Analysts Set New Price Targets

IAC has been the topic of a number of research analyst reports. Barclays reduced their target price on IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. KeyCorp lifted their target price on IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Piper Sandler downgraded IAC from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $68.00 to $54.00 in a report on Tuesday, December 10th. JMP Securities decreased their price target on IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $60.00 price objective on shares of IAC in a report on Friday, March 21st. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.31.

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.