New Age Alpha Advisors LLC Buys New Shares in IAC Inc. (NASDAQ:IAC)

New Age Alpha Advisors LLC bought a new position in IAC Inc. (NASDAQ:IAC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,693 shares of the company’s stock, valued at approximately $289,000.

A number of other institutional investors have also bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of IAC in the fourth quarter worth $41,000. Quarry LP lifted its stake in 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in IAC by 1,398.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock worth $89,000 after purchasing an additional 1,916 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of IAC by 1,193.4% during 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 during the last quarter. Finally, KBC Group NV grew 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 valued at $141,000 after purchasing an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

IAC Trading Down 14.5 %

IAC opened at $39.26 on Wednesday. IAC Inc. has a one year low of $37.76 and a one year high of $58.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of -6.02 and a beta of 1.29. The stock’s 50 day moving average price is $44.91 and its 200-day moving average price is $47.11.

Wall Street Analysts Forecast Growth

IAC has been the subject of a number of research reports. 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. Piper Sandler lowered shares of IAC from an “overweight” rating to a “neutral” rating and cut their target price for the company from $68.00 to $54.00 in a report on Tuesday, December 10th. Truist Financial reduced their price target on shares of IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Oppenheimer lowered their price objective on shares of IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, Citigroup boosted their target price on shares of IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.