Royce & Associates LP Buys 45,000 Shares of IAC Inc. $IAC

Royce & Associates LP increased its stake in IAC Inc. (NASDAQ:IAC) by 17.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 304,497 shares of the company’s stock after purchasing an additional 45,000 shares during the quarter. Royce & Associates LP’s holdings in IAC were worth $11,906,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IAC. Davis Selected Advisers increased its stake in IAC by 12.1% in the 4th quarter. Davis Selected Advisers now owns 2,514,072 shares of the company’s stock worth $98,301,000 after buying an additional 270,383 shares in the last quarter. Helikon Investments Ltd increased its stake in IAC by 40.8% in the 4th quarter. Helikon Investments Ltd now owns 1,866,442 shares of the company’s stock worth $72,978,000 after buying an additional 540,643 shares in the last quarter. AQR Capital Management LLC increased its stake in IAC by 43.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,148,280 shares of the company’s stock worth $39,122,000 after buying an additional 349,969 shares in the last quarter. Newtyn Management LLC increased its stake in IAC by 10.0% in the 3rd quarter. Newtyn Management LLC now owns 1,100,000 shares of the company’s stock worth $37,477,000 after buying an additional 100,000 shares in the last quarter. Finally, Arkhouse Management Co. LP increased its stake in IAC by 0.3% in the 3rd quarter. Arkhouse Management Co. LP now owns 800,061 shares of the company’s stock worth $27,258,000 after buying an additional 2,391 shares in the last quarter. 88.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

IAC has been the subject of a number of analyst reports. Piper Sandler set a $52.00 price target on IAC in a research note on Thursday, May 7th. Zacks Research upgraded IAC from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Weiss Ratings upgraded IAC from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. UBS Group raised their price objective on IAC from $42.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, KeyCorp raised their price objective on IAC from $41.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, IAC currently has an average rating of “Moderate Buy” and an average target price of $53.14.

IAC Trading Up 4.1%

IAC opened at $44.21 on Thursday. The firm has a market cap of $3.03 billion, a P/E ratio of 119.49 and a beta of 1.03. IAC Inc. has a 12 month low of $29.56 and a 12 month high of $45.82. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average of $41.42 and a 200 day moving average of $38.66.

IAC Company Profile

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.