Charles Schwab Investment Management Inc. Has $41.73 Million Holdings in IAC Inc. (NASDAQ:IAC)

Charles Schwab Investment Management Inc. boosted its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 967,260 shares of the company's stock after buying an additional 19,148 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.20% of IAC worth $41,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IAC. Quarry LP boosted its holdings in IAC by 408.9% in the 3rd quarter. Quarry LP now owns 977 shares of the company's stock worth $53,000 after acquiring an additional 785 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of IAC by 1,398.5% in the fourth 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 during the period. Allworth Financial LP grew its holdings in IAC by 1,193.4% during the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company's stock valued at $139,000 after purchasing an additional 3,079 shares in the last quarter. KBC Group NV increased its stake in IAC by 22.8% during the 4th 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 period. Finally, Captrust Financial Advisors purchased a new stake in IAC during the 3rd quarter worth $282,000. 88.90% of the stock is owned by institutional investors and hedge funds.

IAC Price Performance

IAC stock traded up $1.36 during midday trading on Wednesday, hitting $48.31. The company's stock had a trading volume of 576,173 shares, compared to its average volume of 747,625. IAC Inc. has a 12 month low of $39.61 and a 12 month high of $58.29. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $3.74 billion, a PE ratio of -7.40 and a beta of 1.29. The stock's 50-day moving average price is $43.83 and its 200-day moving average price is $47.37.

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Analyst Upgrades and Downgrades

IAC has been the topic of a number of analyst reports. Benchmark dropped their target price on IAC from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Barclays reduced their target price on IAC from $66.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. JMP Securities dropped their price target on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. UBS Group decreased their price objective on shares of IAC from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Finally, Piper Sandler cut IAC from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $68.00 to $54.00 in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.67.

IAC 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.