Headlands Technologies LLC Buys Shares of 4,059 IAC Inc. (NASDAQ:IAC)

Headlands Technologies LLC purchased a new position in IAC Inc. (NASDAQ:IAC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 4,059 shares of the company’s stock, valued at approximately $175,000.

A number of other large investors also recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of IAC in the 4th quarter valued at $41,000. Quarry LP raised its holdings in shares of IAC by 408.9% in the 3rd quarter. Quarry LP now owns 977 shares of the company’s stock worth $53,000 after buying an additional 785 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted 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 worth $89,000 after buying an additional 1,916 shares during the period. KBC Group NV boosted its stake in IAC by 22.8% in the 4th quarter. KBC Group NV now owns 3,278 shares of the company’s stock valued at $141,000 after buying an additional 608 shares in the last quarter. Finally, Allworth Financial LP grew its position in IAC by 1,193.4% in the fourth quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock valued at $139,000 after acquiring an additional 3,079 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

IAC Stock Performance

Shares of IAC opened at $35.47 on Friday. The firm has a market cap of $2.75 billion, a P/E ratio of -5.44 and a beta of 1.24. IAC Inc. has a twelve month low of $35.26 and a twelve month high of $58.29. 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 firm’s 50 day moving average price is $44.64 and its two-hundred day moving average price is $46.82.

Analyst Ratings Changes

IAC has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a research note 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 lowered their price objective on shares of IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. KeyCorp upped their target price on shares of IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Oppenheimer lowered their price target on shares of IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Three equities research 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 has an average rating of “Moderate Buy” and an average 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.