California Public Employees Retirement System Has $10.80 Million Holdings in IAC Inc. (NASDAQ:IAC)

California Public Employees Retirement System boosted its stake in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 58.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,434 shares of the company's stock after purchasing an additional 92,143 shares during the quarter. California Public Employees Retirement System owned approximately 0.31% of IAC worth $10,804,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IAC. Vanguard Group Inc. increased its stake in shares of IAC by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,906,737 shares of the company's stock valued at $341,097,000 after purchasing an additional 43,772 shares during the period. State Street Corp grew its holdings in IAC by 1.2% in the 3rd quarter. State Street Corp now owns 2,360,210 shares of the company's stock worth $127,027,000 after buying an additional 28,577 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in IAC by 9.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,583,367 shares of the company's stock valued at $68,306,000 after acquiring an additional 130,604 shares during the period. Geode Capital Management LLC raised its stake in IAC by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,217,480 shares of the company's stock valued at $65,541,000 after acquiring an additional 25,909 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in IAC by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 967,260 shares of the company's stock valued at $41,728,000 after acquiring an additional 19,148 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of research analysts have recently commented on IAC shares. Truist Financial lowered their price target on IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. KeyCorp raised their target price on shares of IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $60.00 price target on shares of IAC in a research note on Friday, March 21st. Barclays lowered their price objective on shares of IAC from $66.00 to $61.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, Oppenheimer cut their target price on IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $64.31.

IAC Price Performance

Shares of NASDAQ IAC traded down $0.13 during mid-day trading on Friday, reaching $34.19. The company had a trading volume of 1,182,008 shares, compared to its average volume of 822,613. The company has a 50-day moving average price of $43.47 and a two-hundred day moving average price of $45.91. The stock has a market cap of $2.65 billion, a PE ratio of -5.24 and a beta of 1.24. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. IAC Inc. has a 1-year low of $32.05 and a 1-year high of $58.29.

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.