IAC Inc. (NASDAQ:IAC) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC boosted its position in IAC Inc. (NASDAQ:IAC) by 62.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,225 shares of the company’s stock after purchasing an additional 2,393 shares during the quarter. EntryPoint Capital LLC’s holdings in IAC were worth $269,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of IAC in the fourth quarter valued at $41,000. Quarry LP lifted its holdings in IAC by 408.9% in the 3rd quarter. Quarry LP now owns 977 shares of the company’s stock valued at $53,000 after acquiring an additional 785 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of IAC by 1,398.5% during the 4th 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 in the last quarter. Allworth Financial LP grew its stake 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 worth $139,000 after purchasing an additional 3,079 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of IAC by 22.8% in the 4th quarter. KBC Group NV now owns 3,278 shares of the company’s stock worth $141,000 after purchasing an additional 608 shares in the last quarter. 88.90% of the stock is owned by institutional investors.

IAC Price Performance

NASDAQ IAC opened at $46.32 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of -7.10 and a beta of 1.29. The company has a 50 day simple moving average of $44.90 and a 200-day simple moving average of $47.28. IAC Inc. has a 52-week low of $39.61 and a 52-week high of $58.29.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group reduced their target price on shares of IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. KeyCorp lifted their target price on IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Oppenheimer reduced their target price on IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. JMP Securities dropped 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, Piper Sandler downgraded IAC from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $68.00 to $54.00 in a report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, IAC presently has an average rating of “Moderate Buy” and a consensus price target of $64.31.

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.