Vanguard Group Inc. Grows Stock Holdings in IAC Inc. (NASDAQ:IAC)

Vanguard Group Inc. lifted its position in IAC Inc. (NASDAQ:IAC) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,906,737 shares of the company’s stock after buying an additional 43,772 shares during the period. Vanguard Group Inc. owned approximately 9.82% of IAC worth $341,097,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of IAC during the fourth quarter worth about $41,000. Quarry LP grew its position in IAC by 408.9% during the 3rd quarter. Quarry LP now owns 977 shares of the company’s stock worth $53,000 after purchasing an additional 785 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in IAC by 1,398.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock valued at $89,000 after purchasing an additional 1,916 shares in the last quarter. KBC Group NV raised its holdings in shares of IAC by 22.8% in the fourth quarter. KBC Group NV now owns 3,278 shares of the company’s stock worth $141,000 after buying an additional 608 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of IAC by 1,193.4% during the fourth quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock worth $139,000 after buying an additional 3,079 shares during the period. Institutional investors own 88.90% of the company’s stock.

IAC Trading Down 8.1 %

Shares of NASDAQ:IAC opened at $36.76 on Friday. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of -5.64 and a beta of 1.24. The business’s 50 day moving average price is $44.78 and its 200-day moving average price is $46.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. IAC Inc. has a 1 year low of $36.66 and a 1 year high of $58.29.

Analyst Ratings Changes

A number of equities analysts recently issued reports on IAC shares. Benchmark reduced their target price on IAC from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Barclays decreased their target price on IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $60.00 price target on shares of IAC in a report on Friday, March 21st. Piper Sandler cut shares of IAC from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $68.00 to $54.00 in a research note on Tuesday, December 10th. Finally, UBS Group cut their price objective on shares of IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.31.

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.