III Capital Management Invests $4.31 Million in IAC Inc. (NASDAQ:IAC)

III Capital Management purchased a new stake in shares of IAC Inc. (NASDAQ:IAC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 100,000 shares of the company's stock, valued at approximately $4,314,000. IAC makes up approximately 0.7% of III Capital Management's holdings, making the stock its 20th biggest holding. III Capital Management owned 0.12% of IAC as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd increased its stake in shares of IAC by 287.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company's stock worth $27,000 after purchasing an additional 457 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in IAC during the fourth quarter valued at approximately $41,000. MassMutual Private Wealth & Trust FSB raised its position in shares of IAC by 1,398.5% in the fourth 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 during the period. Aquatic Capital Management LLC acquired a new stake in shares of IAC in the fourth quarter worth $135,000. Finally, KBC Group NV boosted its holdings in shares of IAC by 22.8% during the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock worth $141,000 after buying an additional 608 shares during the period. 88.90% of the stock is owned by institutional investors and hedge funds.

IAC Price Performance

NASDAQ IAC traded down $0.13 during trading on Friday, hitting $35.31. 668,257 shares of the company's stock were exchanged, compared to its average volume of 827,339. The stock's 50 day moving average price is $40.32 and its two-hundred day moving average price is $44.06. The company has a market cap of $2.74 billion, a PE ratio of -5.42 and a beta of 1.24. IAC Inc. has a fifty-two week low of $32.05 and a fifty-two week 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

IAC has been the topic of a number of research reports. Oppenheimer dropped their target price on shares of IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. KeyCorp boosted their price objective on shares of IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Barclays reduced their target price on shares of IAC from $66.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. JMP Securities lowered 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. Finally, JPMorgan Chase & Co. reduced their price objective on IAC from $60.00 to $45.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $62.15.

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.