OLD National Bancorp IN purchased a new stake in IAC Inc. (NASDAQ:IAC – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,558 shares of the company’s stock, valued at approximately $235,000.
A number of other hedge funds have also recently modified their holdings of the business. Proficio Capital Partners LLC boosted its holdings in shares of IAC by 5,148.1% during the 1st quarter. Proficio Capital Partners LLC now owns 289,012 shares of the company’s stock valued at $289,000 after buying an additional 283,505 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of IAC by 81.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 47,458 shares of the company’s stock valued at $2,449,000 after buying an additional 21,247 shares in the last quarter. Alhambra Investment Partners LLC bought a new stake in shares of IAC during the 1st quarter valued at $398,000. Parkside Investments LLC boosted its holdings in shares of IAC by 46.3% during the 1st quarter. Parkside Investments LLC now owns 203,323 shares of the company’s stock valued at $10,491,000 after buying an additional 64,320 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of IAC by 17.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 112,340 shares of the company’s stock valued at $5,797,000 after buying an additional 16,806 shares in the last quarter. Institutional investors own 85.46% of the company’s stock.
IAC Trading Up 1.5 %
IAC stock opened at $63.74 on Wednesday. IAC Inc. has a 1-year low of $41.52 and a 1-year high of $81.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of -10.26 and a beta of 1.16. The business has a 50 day simple moving average of $58.24 and a two-hundred day simple moving average of $53.34.
Analysts Set New Price Targets
A number of brokerages have recently commented on IAC. Barclays boosted their target price on shares of IAC from $75.00 to $85.00 in a report on Thursday, May 11th. UBS Group lifted their price target on IAC from $54.00 to $61.00 in a research report on Thursday, May 11th. Wells Fargo & Company lifted their price target on IAC from $70.00 to $79.00 in a research report on Friday, May 12th. Oppenheimer lifted their price target on IAC from $70.00 to $75.00 in a research report on Thursday, May 11th. Finally, KeyCorp lifted their price target on IAC from $65.00 to $72.00 in a research report on Tuesday, May 30th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.93.
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.
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