WINTON GROUP Ltd Lowers Stock Holdings in IAC Inc. (NASDAQ:IAC)

WINTON GROUP Ltd cut its holdings in shares of IAC Inc. (NASDAQ:IAC) by 81.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of IAC during the 4th quarter valued at about $41,000. Quarry LP grew its holdings in IAC by 408.9% in the third quarter. Quarry LP now owns 977 shares of the company’s stock valued at $53,000 after purchasing an additional 785 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in IAC by 1,398.5% during the fourth 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 during the last quarter. KBC Group NV raised its stake in 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 period. Finally, Allworth Financial LP boosted its holdings 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 during the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

IAC Price Performance

Shares of IAC stock opened at $46.32 on Friday. The firm has a fifty day simple moving average of $44.90 and a 200-day simple moving average of $47.28. The company has a market capitalization of $3.59 billion, a PE ratio of -7.10 and a beta of 1.29. IAC Inc. has a twelve month low of $39.61 and a twelve month high of $58.29. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

A number of analysts have recently commented on IAC shares. Benchmark dropped their price objective on IAC from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 13th. UBS Group cut their price objective on IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $60.00 target price on shares of IAC in a report on Friday, March 21st. Oppenheimer cut their price target on shares of IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, 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 research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the 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.