New Age Alpha Advisors LLC Invests $289,000 in IAC Inc. (NASDAQ:IAC)

New Age Alpha Advisors LLC purchased a new position in shares of IAC Inc. (NASDAQ:IAC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,693 shares of the company's stock, valued at approximately $289,000.

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

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IAC Stock Down 8.1 %

IAC traded down $3.26 during trading on Thursday, reaching $36.76. The company had a trading volume of 1,839,924 shares, compared to its average volume of 795,932. The business's fifty day moving average price is $44.88 and its 200 day moving average price is $47.06. 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 12 month low of $36.69 and a 12 month high of $58.29. The company has a market cap of $2.85 billion, a P/E ratio of -5.64 and a beta of 1.24.

Wall Street Analysts Forecast Growth

IAC has been the topic of a number of research analyst reports. Benchmark decreased their price objective on shares of IAC from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Truist Financial decreased 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. UBS Group reduced 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. Barclays dropped their target price on shares of IAC from $66.00 to $61.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Finally, KeyCorp lifted their price objective on IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.