IAC Inc. (NASDAQ:IAC) Holdings Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in IAC Inc. (NASDAQ:IAC) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,894,480 shares of the company’s stock after selling 735,796 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of IAC worth $211,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IAC. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of IAC by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,123 shares of the company’s stock worth $922,000 after purchasing an additional 1,901 shares in the last quarter. Captrust Financial Advisors purchased a new stake in IAC in the 3rd quarter worth approximately $282,000. Verition Fund Management LLC acquired a new stake in shares of IAC during the 3rd quarter valued at $1,374,000. Intrepid Capital Management Inc. purchased a new position in shares of IAC during the 3rd quarter valued at $1,782,000. Finally, Quarry LP increased its stake in shares of IAC by 408.9% in 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 last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on IAC shares. Truist Financial lowered their target price on IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. KeyCorp increased their price objective on IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Piper Sandler lowered shares of IAC from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $68.00 to $54.00 in a research note on Tuesday, December 10th. Benchmark cut their target price on IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Citigroup upped their price target on IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, IAC presently has an average rating of “Moderate Buy” and a consensus price target of $64.31.

IAC Stock Down 0.8 %

Shares of IAC stock opened at $45.94 on Tuesday. IAC Inc. has a 12 month low of $39.61 and a 12 month high of $58.29. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The firm has a market cap of $3.56 billion, a PE ratio of -7.05 and a beta of 1.29. The stock has a 50 day moving average of $44.97 and a 200-day moving average of $47.20.

IAC Company 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.