IAC Inc. (NASDAQ:IAC) Stock Holdings Reduced by River Global Investors LLP

River Global Investors LLP trimmed its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,528 shares of the company's stock after selling 7,804 shares during the period. River Global Investors LLP's holdings in IAC were worth $497,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Atria Investments Inc raised its stake in shares of IAC by 15.8% in the 3rd quarter. Atria Investments Inc now owns 5,444 shares of the company's stock valued at $293,000 after acquiring an additional 743 shares during the period. NJ State Employees Deferred Compensation Plan purchased a new stake in IAC during the 3rd quarter worth approximately $209,000. WCM Investment Management LLC increased its stake in shares of IAC by 25.0% in the third quarter. WCM Investment Management LLC now owns 379,556 shares of the company's stock worth $20,762,000 after buying an additional 75,918 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of IAC in the 3rd quarter valued at about $338,000. Finally, Victory Capital Management Inc. raised its stake in shares of IAC by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 31,686 shares of the company's stock valued at $1,705,000 after purchasing an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IAC shares. TD Cowen reduced their price objective on IAC from $82.00 to $77.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. Piper Sandler lowered IAC from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $68.00 to $54.00 in a research report on Tuesday, December 10th. Truist Financial reduced their price target on shares of IAC from $80.00 to $76.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. UBS Group cut their price objective on IAC from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Finally, KeyCorp increased 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. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, IAC presently has an average rating of "Moderate Buy" and a consensus target price of $64.67.

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IAC Stock Up 0.4 %

NASDAQ:IAC traded up $0.16 on Wednesday, hitting $43.94. 1,244,405 shares of the company's stock traded hands, compared to its average volume of 737,408. The company has a market cap of $3.41 billion, a PE ratio of -6.74 and a beta of 1.29. IAC Inc. has a 1 year low of $39.61 and a 1 year 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 firm has a 50-day moving average price of $43.62 and a 200-day moving average price of $47.62.

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.