IAC Inc. (NASDAQ:IAC) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in shares of IAC Inc. (NASDAQ:IAC) by 23.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 8,233 shares of the company’s stock after selling 2,567 shares during the period. US Bancorp DE’s holdings in IAC were worth $443,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of IAC during the first quarter worth $221,000. Oppenheimer Asset Management Inc. grew its holdings in shares of IAC by 6.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 24,853 shares of the company’s stock valued at $1,326,000 after purchasing an additional 1,546 shares during the period. Headlands Technologies LLC boosted its stake in IAC by 106.2% during the first quarter. Headlands Technologies LLC now owns 3,501 shares of the company’s stock worth $187,000 after buying an additional 1,803 shares during the period. QRG Capital Management Inc. boosted its stake in IAC by 28.4% during the first quarter. QRG Capital Management Inc. now owns 25,166 shares of the company’s stock worth $1,342,000 after buying an additional 5,571 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in IAC by 29.0% during the first quarter. Russell Investments Group Ltd. now owns 104,889 shares of the company’s stock worth $5,595,000 after buying an additional 23,567 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

IAC Stock Up 3.1 %

Shares of NASDAQ:IAC opened at $55.10 on Tuesday. The firm’s 50 day moving average price is $52.24 and its 200 day moving average price is $50.89. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of -24.08 and a beta of 1.33. IAC Inc. has a fifty-two week low of $43.51 and a fifty-two week high of $58.29. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.29.

Analyst Ratings Changes

IAC has been the subject of several research analyst reports. Benchmark reaffirmed a “buy” rating and set a $110.00 target price on shares of IAC in a research note on Tuesday, August 27th. Barclays lowered their target price on shares of IAC from $73.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Truist Financial increased their price target on shares of IAC from $87.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. UBS Group raised shares of IAC to a “hold” rating in a research report on Monday, October 28th. Finally, KeyCorp reduced their price target on shares of IAC from $67.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $77.89.

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.