Vanguard Group Inc. Increases Position in IAC Inc. (NASDAQ:IAC)

Vanguard Group Inc. increased its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,906,737 shares of the company's stock after purchasing an additional 43,772 shares during the quarter. Vanguard Group Inc. owned approximately 9.82% of IAC worth $341,097,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IAC. State Street Corp boosted its holdings in shares of IAC by 1.2% during the 3rd quarter. State Street Corp now owns 2,360,210 shares of the company's stock worth $127,027,000 after buying an additional 28,577 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of IAC by 9.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,583,367 shares of the company's stock valued at $68,306,000 after purchasing an additional 130,604 shares during the period. Geode Capital Management LLC boosted its position in shares of IAC by 2.2% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of IAC by 2.0% in the 4th 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 during the period. Finally, Joel Isaacson & Co. LLC increased its position in IAC by 553.6% in the 4th quarter. Joel Isaacson & Co. LLC now owns 424,238 shares of the company's stock valued at $18,302,000 after buying an additional 359,327 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on IAC. KeyCorp raised their price objective on IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. 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 report on Thursday, February 13th. Citigroup upped their price objective on shares of IAC from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Piper Sandler lowered 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. Finally, Barclays decreased 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. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, IAC has an average rating of "Moderate Buy" and an average price target of $64.31.

IAC Price Performance

Shares of IAC stock traded down $1.85 during trading hours on Tuesday, reaching $32.68. The stock had a trading volume of 1,369,501 shares, compared to its average volume of 810,171. The stock's fifty day simple moving average is $44.06 and its 200 day simple moving average is $46.38. The firm has a market capitalization of $2.53 billion, a PE ratio of -5.01 and a beta of 1.24. IAC Inc. has a 12 month low of $32.22 and a 12 month 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.

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.