13,802 Shares in IAC Inc. (NASDAQ:IAC) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in shares of IAC Inc. (NASDAQ:IAC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,802 shares of the company’s stock, valued at approximately $595,000.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in IAC during the 4th quarter worth approximately $175,000. Wellington Management Group LLP acquired a new stake in shares of IAC in the 4th quarter valued at about $439,000. CIBC Private Wealth Group LLC grew its stake in IAC by 171.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 108,895 shares of the company’s stock valued at $4,540,000 after acquiring an additional 68,816 shares during the period. California Public Employees Retirement System raised its holdings in IAC by 58.2% during the fourth quarter. California Public Employees Retirement System now owns 250,434 shares of the company’s stock worth $10,804,000 after buying an additional 92,143 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of IAC by 129.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 34,111 shares of the company’s stock worth $1,472,000 after acquiring an additional 19,216 shares during the last quarter. 88.90% of the stock is owned by institutional investors.

IAC Trading Up 1.9 %

Shares of IAC stock opened at $40.02 on Thursday. IAC Inc. has a 52-week low of $37.76 and a 52-week high of $58.29. The business’s fifty day moving average is $44.88 and its 200 day moving average is $47.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The company has a market capitalization of $3.10 billion, a PE ratio of -6.14 and a beta of 1.24.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IAC. Truist Financial dropped their price objective on IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Citigroup lifted their price objective on shares of IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. 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 report on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $60.00 price target on shares of IAC in a report on Friday, March 21st. Finally, Piper Sandler downgraded IAC from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $68.00 to $54.00 in a research note on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, IAC presently has a consensus rating of “Moderate Buy” and an average target price of $64.31.

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.