IAC Inc. (NASDAQ:IAC) Holdings Lessened by Northern Right Capital Management L.P.

Northern Right Capital Management L.P. lessened its holdings in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,925 shares of the company's stock after selling 84,005 shares during the period. IAC accounts for approximately 6.1% of Northern Right Capital Management L.P.'s investment portfolio, making the stock its 6th biggest position. Northern Right Capital Management L.P. owned about 0.48% of IAC worth $16,606,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new stake in IAC during the fourth quarter worth $292,000. Guggenheim Capital LLC purchased a new position in IAC during the fourth quarter worth about $211,000. Raymond James Financial Inc. acquired a new stake in shares of IAC during the fourth quarter valued at about $8,015,000. Renaissance Technologies LLC raised its stake in shares of IAC by 82.2% in the 4th quarter. Renaissance Technologies LLC now owns 98,627 shares of the company's stock valued at $4,255,000 after acquiring an additional 44,500 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of IAC by 24.7% in the 4th quarter. Invesco Ltd. now owns 341,507 shares of the company's stock worth $14,733,000 after acquiring an additional 67,746 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company's stock.

Analyst Upgrades and Downgrades

IAC has been the topic of a number of research reports. Oppenheimer decreased their price target on IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Barclays lowered their target price on IAC from $66.00 to $61.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Benchmark reduced their price target on shares of IAC from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Truist Financial dropped their price objective on shares of IAC from $80.00 to $76.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, KeyCorp increased their target price on shares of IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, IAC currently has an average rating of "Moderate Buy" and an average target price of $62.15.

IAC Stock Up 1.7 %

Shares of NASDAQ IAC traded up $0.60 during midday trading on Thursday, hitting $35.54. 253,658 shares of the company's stock were exchanged, compared to its average volume of 841,400. The firm's fifty day simple moving average is $40.75 and its 200-day simple moving average is $44.31. The company has a market cap of $2.75 billion, a PE ratio of -5.43 and a beta of 1.24. IAC Inc. has a twelve month low of $32.05 and a twelve month high of $58.29. 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 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.