IAC Inc. (NASDAQ:IAC) Shares Purchased by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership boosted its stake in IAC Inc. (NASDAQ:IAC) by 0.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 908,819 shares of the company’s stock after purchasing an additional 473 shares during the period. Artisan Partners Limited Partnership owned about 1.13% of IAC worth $39,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAC. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of IAC during the fourth quarter worth about $41,000. Quarry LP lifted its holdings in IAC by 408.9% during the 3rd quarter. Quarry LP now owns 977 shares of the company’s stock worth $53,000 after buying an additional 785 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in IAC by 1,398.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock valued at $89,000 after buying an additional 1,916 shares during the period. Allworth Financial LP grew its stake in shares of IAC by 1,193.4% in the fourth quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock worth $139,000 after acquiring an additional 3,079 shares in the last quarter. Finally, KBC Group NV increased its position in shares of IAC by 22.8% during the fourth quarter. KBC Group NV now owns 3,278 shares of the company’s stock worth $141,000 after acquiring an additional 608 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.

Analysts Set New Price Targets

IAC has been the subject of several analyst reports. Citigroup boosted their target price on IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Oppenheimer cut their target price on shares of IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Benchmark decreased their price target on shares of IAC from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Barclays reduced their price objective on shares of IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, Piper Sandler downgraded shares of IAC from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $68.00 to $54.00 in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.31.

IAC Trading Down 5.2 %

NASDAQ:IAC opened at $46.32 on Friday. The company has a market capitalization of $3.59 billion, a PE ratio of -7.10 and a beta of 1.29. IAC Inc. has a 52-week low of $39.61 and a 52-week high of $58.29. The stock’s 50 day moving average price is $44.90 and its 200 day moving average price is $47.28. The company has a quick ratio of 2.75, a current ratio of 2.80 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.