Charles Schwab Investment Management Inc. boosted its holdings in IAC Inc. (NASDAQ:IAC - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 838,184 shares of the company's stock after purchasing an additional 25,988 shares during the period. Charles Schwab Investment Management Inc. owned about 1.05% of IAC worth $43,904,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IAC. Spire Wealth Management increased its holdings in IAC by 23.1% in the 3rd quarter. Spire Wealth Management now owns 1,612 shares of the company's stock worth $81,000 after acquiring an additional 303 shares during the last quarter. Covestor Ltd lifted its stake in shares of IAC by 15.4% during the 3rd quarter. Covestor Ltd now owns 2,144 shares of the company's stock valued at $108,000 after buying an additional 286 shares in the last quarter. Headlands Technologies LLC boosted its holdings in IAC by 39.7% in the 3rd quarter. Headlands Technologies LLC now owns 2,702 shares of the company's stock worth $136,000 after buying an additional 768 shares during the period. Park Avenue Securities LLC purchased a new position in IAC in the 3rd quarter valued at approximately $201,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in IAC during the 4th quarter valued at $203,000. 88.90% of the stock is owned by hedge funds and other institutional investors.
IAC Stock Down 3.2 %
Shares of NASDAQ IAC opened at $55.17 on Friday. The stock has a market capitalization of $4.43 billion, a P/E ratio of -34.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.70 and a quick ratio of 2.70. IAC Inc. has a one year low of $41.39 and a one year high of $69.85. The firm's 50 day simple moving average is $51.86 and its two-hundred day simple moving average is $51.22.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on IAC from $82.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, May 14th. Barclays boosted their price objective on shares of IAC from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Thursday, May 9th. Truist Financial increased their target price on shares of IAC from $80.00 to $87.00 and gave the stock a "buy" rating in a research note on Friday, May 10th. Oppenheimer boosted their price target on shares of IAC from $65.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, May 9th. Finally, UBS Group lifted their price objective on IAC from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $79.92.
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IAC Profile
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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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