IAC Inc. (NASDAQ:IAC) Shares Bought by Royce & Associates LP

Royce & Associates LP boosted its position in IAC Inc. (NASDAQ:IAC - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 303,849 shares of the company's stock after purchasing an additional 25,170 shares during the quarter. Royce & Associates LP owned about 0.38% of IAC worth $13,108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAC. Joel Isaacson & Co. LLC boosted its holdings in shares of IAC by 553.6% during the 4th quarter. Joel Isaacson & Co. LLC now owns 424,238 shares of the company's stock worth $18,302,000 after purchasing an additional 359,327 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in IAC by 4,238.5% during the fourth quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company's stock worth $9,897,000 after buying an additional 224,131 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in IAC in the 4th quarter valued at $8,015,000. Empirical Asset Management LLC acquired a new stake in shares of IAC in the 4th quarter worth $7,794,000. Finally, Thompson Siegel & Walmsley LLC raised its holdings in shares of IAC by 9.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,583,367 shares of the company's stock worth $68,306,000 after acquiring an additional 130,604 shares during the period. Hedge funds and other institutional investors own 88.90% of the company's stock.

IAC Stock Down 0.3 %

Shares of NASDAQ IAC traded down $0.15 during mid-day trading on Friday, hitting $48.39. The company had a trading volume of 2,075,760 shares, compared to its average volume of 758,677. IAC Inc. has a 1-year low of $39.61 and a 1-year high of $58.29. The company has a market capitalization of $3.75 billion, a PE ratio of -7.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. The business's 50-day simple moving average is $44.10 and its 200 day simple moving average is $47.39.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on IAC. KeyCorp raised their price objective on shares of IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. UBS Group reduced their price target on shares of IAC from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Truist Financial lowered their price objective on IAC from $80.00 to $76.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Citigroup lifted their target price on IAC from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Barclays lowered 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently 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.