Thompson Siegel & Walmsley LLC Acquires 130,604 Shares of IAC Inc. (NASDAQ:IAC)

Thompson Siegel & Walmsley LLC grew its stake in IAC Inc. (NASDAQ:IAC - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,583,367 shares of the company's stock after purchasing an additional 130,604 shares during the period. Thompson Siegel & Walmsley LLC owned about 1.97% of IAC worth $68,306,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its stake in shares of IAC by 581.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company's stock valued at $5,291,000 after purchasing an additional 83,878 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in IAC by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company's stock worth $51,027,000 after buying an additional 52,271 shares during the period. Royce & Associates LP boosted its position in IAC by 5.1% during the 3rd quarter. Royce & Associates LP now owns 278,679 shares of the company's stock worth $14,999,000 after buying an additional 13,400 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in IAC by 15.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 334,267 shares of the company's stock worth $17,990,000 after buying an additional 44,000 shares during the period. Finally, Barclays PLC boosted its position in IAC by 922.5% during the 3rd quarter. Barclays PLC now owns 60,737 shares of the company's stock worth $3,268,000 after buying an additional 54,797 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts recently commented on IAC shares. Barclays cut their target price on shares of IAC from $66.00 to $61.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. UBS Group cut their target price 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. Benchmark lowered their price target on shares of IAC from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, February 13th. KeyCorp raised their price target on shares of IAC from $60.00 to $64.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Truist Financial lowered their price target on shares of IAC from $80.00 to $76.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Three 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 currently has a consensus rating of "Moderate Buy" and an average target price of $64.67.

IAC Trading Up 5.7 %

Shares of NASDAQ:IAC traded up $2.56 during mid-day trading on Monday, hitting $47.12. The company had a trading volume of 1,501,754 shares, compared to its average volume of 740,366. The firm has a fifty day moving average price of $43.68 and a 200 day moving average price of $47.45. The company has a market capitalization of $3.65 billion, a PE ratio of -7.23 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. IAC Inc. has a one year low of $39.61 and a one year high of $58.29.

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.