Geode Capital Management LLC Sells 18,399 Shares of IAC Inc. (NASDAQ:IAC)

Geode Capital Management LLC lessened its position in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,199,081 shares of the company's stock after selling 18,399 shares during the period. Geode Capital Management LLC owned 1.49% of IAC worth $51,744,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IAC. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of IAC during the 4th quarter valued at about $41,000. MassMutual Private Wealth & Trust FSB grew its position in shares of IAC by 1,398.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock worth $89,000 after buying an additional 1,916 shares during the period. Allworth Financial LP increased its stake in shares of IAC by 1,193.4% in the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company's stock valued at $139,000 after acquiring an additional 3,079 shares in the last quarter. KBC Group NV lifted its position in shares of IAC by 22.8% during the 4th quarter. KBC Group NV now owns 3,278 shares of the company's stock valued at $141,000 after acquiring an additional 608 shares during the period. Finally, LPL Financial LLC boosted its stake in IAC by 17.1% during the fourth quarter. LPL Financial LLC now owns 5,016 shares of the company's stock worth $216,000 after acquiring an additional 733 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company's stock.

Analysts Set New Price Targets

IAC has been the topic of a number of research analyst reports. Benchmark cut their price objective on shares of IAC from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. KeyCorp raised their price objective on IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. UBS Group cut their target price on IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Oppenheimer lowered their price objective on shares of IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and set a $60.00 price objective on shares of IAC in a report on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $64.31.

IAC Stock Performance

IAC traded up $0.27 during trading hours on Friday, hitting $33.02. The stock had a trading volume of 826,162 shares, compared to its average volume of 832,551. The stock has a market cap of $2.56 billion, a PE ratio of -5.06 and a beta of 1.24. IAC Inc. has a 1 year low of $32.05 and a 1 year 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's fifty day simple moving average is $42.62 and its 200 day simple moving average is $45.26.

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.