Rhumbline Advisers Raises Position in IAC Inc. (NASDAQ:IAC)

Rhumbline Advisers boosted its holdings in IAC Inc. (NASDAQ:IAC) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,325 shares of the company’s stock after purchasing an additional 2,563 shares during the period. Rhumbline Advisers owned approximately 0.23% of IAC worth $7,822,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IAC. Joel Isaacson & Co. LLC grew its holdings in shares of IAC by 553.6% in the fourth quarter. Joel Isaacson & Co. LLC now owns 424,238 shares of the company’s stock worth $18,302,000 after purchasing an additional 359,327 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in IAC during the 4th quarter valued at $7,794,000. Assenagon Asset Management S.A. grew its holdings in IAC by 452.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 102,883 shares of the company’s stock worth $4,438,000 after acquiring an additional 84,259 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of IAC by 581.3% in the third quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company’s stock valued at $5,291,000 after acquiring an additional 83,878 shares during the period. Finally, WCM Investment Management LLC raised its stake in shares of IAC by 25.0% during the third quarter. WCM Investment Management LLC now owns 379,556 shares of the company’s stock valued at $20,762,000 after acquiring an additional 75,918 shares during the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IAC has been the topic of several recent analyst reports. Barclays cut their target price on IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. UBS Group cut their price objective on IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Benchmark decreased their target price on IAC from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Macquarie reaffirmed an “outperform” rating and issued a $14.00 price target on shares of IAC in a research note on Thursday, November 14th. Finally, TD Cowen reduced their price objective on shares of IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.67.

IAC Stock Down 0.9 %

NASDAQ:IAC opened at $45.82 on Wednesday. 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’s 50-day moving average price is $43.15 and its 200-day moving average price is $48.05. The company has a market capitalization of $3.69 billion, a PE ratio of -7.03 and a beta of 1.32. IAC Inc. has a 1-year low of $39.61 and a 1-year high of $58.29.

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.