IAC Inc. (NASDAQ:IAC) Shares Bought by Highbridge Capital Management LLC

Highbridge Capital Management LLC increased its position in IAC Inc. (NASDAQ:IAC) by 223.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 351,681 shares of the company’s stock after acquiring an additional 242,982 shares during the period. Highbridge Capital Management LLC owned approximately 0.44% of IAC worth $15,172,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of IAC during the fourth quarter valued at approximately $41,000. Quarry LP increased its position 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 period. MassMutual Private Wealth & Trust FSB raised its stake in 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 acquiring an additional 1,916 shares in the last quarter. KBC Group NV boosted its position in 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 acquiring an additional 608 shares during the period. Finally, Allworth Financial LP grew its stake in shares of IAC by 1,193.4% in the fourth quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock worth $139,000 after purchasing an additional 3,079 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors.

IAC Price Performance

NASDAQ IAC opened at $48.86 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. IAC Inc. has a 1 year low of $39.61 and a 1 year high of $58.29. The company has a market cap of $3.79 billion, a PE ratio of -7.49 and a beta of 1.29. The stock’s 50-day moving average price is $44.82 and its two-hundred day moving average price is $47.30.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup upped their price objective on shares of IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Benchmark decreased their price objective on shares of IAC from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 13th. UBS Group lowered their price objective on shares of IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. KeyCorp upped their target price on IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $60.00 price target on shares of IAC in a research report on Friday, March 21st. 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, the company presently has an average rating of “Moderate Buy” and an average target price of $64.31.

IAC Company 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.