IAC Inc. $IAC Shares Purchased by Helikon Investments Ltd

Helikon Investments Ltd raised its holdings in shares of IAC Inc. (NASDAQ:IAC) by 40.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,866,442 shares of the company’s stock after acquiring an additional 540,643 shares during the period. IAC makes up 3.9% of Helikon Investments Ltd’s holdings, making the stock its 7th largest position. Helikon Investments Ltd owned 2.61% of IAC worth $72,978,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of IAC by 38.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company’s stock valued at $19,087,000 after acquiring an additional 115,652 shares during the last quarter. United Services Automobile Association acquired a new position in IAC during the first quarter valued at approximately $207,000. Empowered Funds LLC increased its stake in IAC by 9.8% in the first quarter. Empowered Funds LLC now owns 8,037 shares of the company’s stock valued at $369,000 after purchasing an additional 718 shares in the last quarter. Focus Partners Wealth bought a new stake in IAC in the first quarter valued at approximately $270,000. Finally, Creative Planning raised its holdings in IAC by 8.8% in the second quarter. Creative Planning now owns 11,619 shares of the company’s stock worth $434,000 after purchasing an additional 944 shares during the period. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on IAC shares. Weiss Ratings raised shares of IAC from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group lifted their target price on IAC from $48.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Piper Sandler set a $52.00 price target on IAC in a report on Thursday, May 7th. Citigroup raised their price target on IAC from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, UBS Group boosted 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. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.14.

IAC Price Performance

IAC stock opened at $39.88 on Friday. The stock has a 50-day moving average price of $40.78 and a two-hundred day moving average price of $38.10. The stock has a market cap of $2.74 billion, a PE ratio of 107.79 and a beta of 1.03. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. IAC Inc. has a 1 year low of $29.56 and a 1 year high of $45.82.

About IAC

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.