UBS Group AG Has $30.55 Million Position in IAC Inc. $IAC

UBS Group AG raised its stake in shares of IAC Inc. (NASDAQ:IAC) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 781,195 shares of the company’s stock after buying an additional 79,755 shares during the period. UBS Group AG’s holdings in IAC were worth $30,545,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of IAC by 45.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 12,950 shares of the company’s stock valued at $506,000 after buying an additional 4,033 shares during the period. Optas LLC acquired a new stake in IAC during the fourth quarter valued at $221,000. Autumn Glory Partners LLC boosted its position in IAC by 33.6% during the fourth quarter. Autumn Glory Partners LLC now owns 13,325 shares of the company’s stock valued at $521,000 after purchasing an additional 3,350 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in IAC by 11.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,888 shares of the company’s stock valued at $739,000 after purchasing an additional 1,876 shares during the last quarter. Finally, Friedenthal Financial acquired a new stake in IAC during the fourth quarter valued at $1,015,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analyst Ratings Changes

IAC has been the subject of a number of research reports. Barclays lifted their price objective on IAC from $48.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday. Needham & Company LLC set a $57.00 price objective on IAC in a research report on Tuesday, March 3rd. UBS Group lifted their price objective on IAC from $42.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings raised IAC from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday. Finally, Citigroup lifted their price objective on IAC from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.14.

IAC Price Performance

Shares of NASDAQ:IAC opened at $44.06 on Friday. IAC Inc. has a fifty-two week low of $29.56 and a fifty-two week high of $45.82. The business has a 50-day moving average of $40.37 and a two-hundred day moving average of $37.82. The stock has a market capitalization of $3.02 billion, a P/E ratio of 119.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 2.75.

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.