Jefferies Financial Group Inc. Acquires Shares of 11,340 IAC Inc. $IAC

Jefferies Financial Group Inc. acquired a new stake in IAC Inc. (NASDAQ:IAC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,340 shares of the company’s stock, valued at approximately $443,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC bought a new stake in IAC in the fourth quarter valued at approximately $25,000. Advisory Services Network LLC bought a new stake in IAC in the third quarter valued at approximately $38,000. JFS Wealth Advisors LLC bought a new stake in IAC in the third quarter valued at approximately $39,000. Geneos Wealth Management Inc. raised its stake in IAC by 96.2% in the second quarter. Geneos Wealth Management Inc. now owns 3,060 shares of the company’s stock valued at $114,000 after buying an additional 1,500 shares during the period. Finally, Highlander Partners L.P. bought a new stake in IAC in the fourth quarter valued at approximately $126,000. Institutional investors own 88.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC set a $57.00 target price on IAC in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. increased their target price on IAC from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings upgraded IAC from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. KeyCorp increased their target price on IAC from $41.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Benchmark increased their target price on IAC from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.14.

IAC Trading Down 0.1%

Shares of NASDAQ:IAC opened at $44.89 on Friday. The business’s 50 day simple moving average is $41.68 and its 200 day simple moving average is $38.78. The company has a market capitalization of $3.08 billion, a P/E ratio of 121.33 and a beta of 1.03. IAC Inc. has a 1 year low of $29.56 and a 1 year high of $45.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69.

IAC 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.