Brandywine Global Investment Management LLC Sells 8,787 Shares of IAC Inc. (NASDAQ:IAC)

Brandywine Global Investment Management LLC lowered its position in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,850 shares of the company's stock after selling 8,787 shares during the quarter. Brandywine Global Investment Management LLC owned 0.31% of IAC worth $10,692,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in IAC by 12.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,123 shares of the company's stock worth $922,000 after purchasing an additional 1,901 shares during the last quarter. Captrust Financial Advisors bought a new stake in IAC in the third quarter worth approximately $282,000. Verition Fund Management LLC acquired a new position in shares of IAC during the 3rd quarter worth $1,374,000. Intrepid Capital Management Inc. bought a new position in shares of IAC during the 3rd quarter valued at $1,782,000. Finally, Quarry LP lifted its stake in shares of IAC by 408.9% in the 3rd quarter. Quarry LP now owns 977 shares of the company's stock valued at $53,000 after purchasing an additional 785 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

IAC Stock Down 2.4 %

Shares of NASDAQ:IAC traded down $0.88 during trading on Friday, hitting $35.88. 1,258,688 shares of the company's stock traded hands, compared to its average volume of 798,385. The company has a 50-day moving average price of $44.78 and a 200-day moving average price of $46.99. IAC Inc. has a 52 week low of $34.45 and a 52 week high of $58.29. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -5.50 and a beta of 1.24.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on IAC shares. Oppenheimer reduced their price target on IAC from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. UBS Group lowered their price target on IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Truist Financial lowered their price objective on shares of IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Benchmark reduced their price target on shares of IAC from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, Barclays cut their price target on IAC from $66.00 to $61.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $64.31.

About IAC

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.