Factorial Partners LLC Purchases 14,000 Shares of IAC Inc. $IAC

Factorial Partners LLC boosted its position in shares of IAC Inc. (NASDAQ:IAC) by 41.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,000 shares of the company’s stock after acquiring an additional 14,000 shares during the period. Factorial Partners LLC’s holdings in IAC were worth $1,877,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of IAC. Elevation Wealth Partners LLC bought a new stake in shares of IAC in the 4th quarter valued at approximately $25,000. Hantz Financial Services Inc. grew its stake in shares of IAC by 173.4% in the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock valued at $31,000 after purchasing an additional 496 shares during the period. Advisory Services Network LLC bought a new stake in shares of IAC in the 3rd quarter valued at approximately $38,000. JFS Wealth Advisors LLC bought a new stake in shares of IAC in the 3rd quarter valued at approximately $39,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of IAC in the 3rd quarter valued at approximately $113,000. 88.90% of the stock is currently owned by institutional investors.

IAC Stock Up 1.1%

NASDAQ IAC opened at $45.38 on Tuesday. The firm has a market cap of $3.11 billion, a PE ratio of 122.65 and a beta of 1.03. IAC Inc. has a one year low of $29.56 and a one year high of $46.33. The stock’s 50 day simple moving average is $41.82 and its 200 day simple moving average is $38.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on IAC from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded IAC from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. Jefferies Financial Group lowered IAC from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a research note on Wednesday, May 6th. Benchmark upped their price objective on IAC from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded IAC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.14.

IAC Profile

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.