Barclays PLC reduced its stake in shares of IAC Inc. (NASDAQ:IAC - Free Report) by 53.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,468 shares of the company's stock after selling 32,269 shares during the quarter. Barclays PLC's holdings in IAC were worth $1,228,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of IAC. Franklin Resources Inc. raised its position in shares of IAC by 6.7% during the 3rd quarter. Franklin Resources Inc. now owns 10,896 shares of the company's stock worth $577,000 after buying an additional 686 shares in the last quarter. Fortis Advisors LLC raised its holdings in IAC by 23.3% during the fourth quarter. Fortis Advisors LLC now owns 9,650 shares of the company's stock worth $416,000 after purchasing an additional 1,825 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in IAC by 452.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 102,883 shares of the company's stock worth $4,438,000 after purchasing an additional 84,259 shares in the last quarter. Empirical Asset Management LLC bought a new position in IAC during the 4th quarter valued at $7,794,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of IAC by 1,398.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company's stock valued at $89,000 after purchasing an additional 1,916 shares during the period. Institutional investors and hedge funds own 88.90% of the company's stock.
Analyst Ratings Changes
IAC has been the subject of several research reports. JMP Securities decreased their target price on IAC from $70.00 to $64.00 and set a "market outperform" rating for the company in a research note on Thursday, February 13th. Truist Financial lowered their price objective on shares of IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Barclays cut their target price on shares of IAC from $66.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Oppenheimer decreased their price target on shares of IAC from $72.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price objective on IAC from $60.00 to $45.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, IAC presently has an average rating of "Moderate Buy" and an average price target of $62.15.
Read Our Latest Stock Analysis on IAC
IAC Price Performance
NASDAQ IAC opened at $35.31 on Monday. 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 firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of -5.42 and a beta of 1.24. The company has a 50 day simple moving average of $40.32 and a 200-day simple moving average of $43.93. IAC Inc. has a 52-week low of $32.05 and a 52-week high of $58.29.
About IAC
(
Free Report)
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.
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