Sei Investments Co. Sells 9,512 Shares of IAC Inc. (NASDAQ:IAC)

Sei Investments Co. reduced its stake in IAC Inc. (NASDAQ:IAC - Free Report) by 40.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,152 shares of the company's stock after selling 9,512 shares during the period. Sei Investments Co.'s holdings in IAC were worth $611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in IAC during the fourth quarter valued at $1,177,000. Teacher Retirement System of Texas lifted its position in IAC by 1,066.9% during the 4th quarter. Teacher Retirement System of Texas now owns 79,515 shares of the company's stock valued at $3,430,000 after acquiring an additional 72,701 shares during the period. Brooktree Capital Management boosted its stake in IAC by 6.9% during the fourth quarter. Brooktree Capital Management now owns 177,268 shares of the company's stock worth $7,647,000 after acquiring an additional 11,425 shares in the last quarter. Applied Fundamental Research LLC grew its holdings in IAC by 12.1% in the fourth quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company's stock worth $17,955,000 after purchasing an additional 44,835 shares during the period. Finally, Royce & Associates LP grew its holdings in IAC by 9.0% in the fourth quarter. Royce & Associates LP now owns 303,849 shares of the company's stock worth $13,108,000 after purchasing an additional 25,170 shares during the period. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on IAC. JMP Securities cut their price target on IAC from $70.00 to $64.00 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. UBS Group cut their target price on IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Benchmark lowered their price target on IAC from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. KeyCorp increased their price objective on shares of IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. restated an "overweight" rating and set a $60.00 price objective on shares of IAC in a research note on Friday, March 21st. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.31.

IAC Stock Performance

Shares of IAC traded down $0.33 during trading hours on Tuesday, hitting $33.52. The stock had a trading volume of 141,956 shares, compared to its average volume of 822,120. The firm has a market capitalization of $2.60 billion, a PE ratio of -5.13 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. IAC Inc. has a 12 month low of $32.05 and a 12 month high of $58.29. The stock has a fifty day moving average price of $43.29 and a 200 day moving average price of $45.70.

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.