IAC Inc. (NASDAQ:IAC) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in IAC Inc. (NASDAQ:IAC - Free Report) by 1,066.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,515 shares of the company's stock after purchasing an additional 72,701 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of IAC worth $3,430,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IAC. Bank Julius Baer & Co. Ltd Zurich purchased a new position in IAC in the 4th quarter worth about $41,000. Quarry LP increased its position in shares of IAC by 408.9% during the third quarter. Quarry LP now owns 977 shares of the company's stock worth $53,000 after acquiring an additional 785 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of IAC by 1,398.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock valued at $89,000 after acquiring an additional 1,916 shares in the last quarter. Allworth Financial LP grew its stake in IAC by 1,193.4% in the fourth quarter. Allworth Financial LP now owns 3,337 shares of the company's stock worth $139,000 after purchasing an additional 3,079 shares in the last quarter. Finally, KBC Group NV grew its stake in IAC by 22.8% in the fourth quarter. KBC Group NV now owns 3,278 shares of the company's stock worth $141,000 after purchasing an additional 608 shares in the last quarter. Institutional investors own 88.90% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. restated an "overweight" rating and issued a $60.00 price objective on shares of IAC in a report on Friday, March 21st. UBS Group lowered their price target on shares of IAC from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Piper Sandler downgraded shares of IAC from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $68.00 to $54.00 in a research note on Tuesday, December 10th. JMP Securities reduced their price objective on shares of IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Finally, Citigroup lifted their price target on IAC from $56.00 to $58.00 and gave the company a "buy" rating in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $64.31.

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IAC Stock Performance

Shares of IAC stock traded down $2.54 during midday trading on Friday, hitting $46.32. The company had a trading volume of 1,172,351 shares, compared to its average volume of 780,294. The company has a fifty day simple moving average of $44.82 and a 200 day simple moving average of $47.30. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of -7.10 and a beta of 1.29. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. IAC Inc. has a 12-month low of $39.61 and a 12-month high of $58.29.

IAC Profile

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.