Royce & Associates LP Has $13.11 Million Position in IAC Inc. (NASDAQ:IAC)

Royce & Associates LP grew its stake in IAC Inc. (NASDAQ:IAC) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 303,849 shares of the company’s stock after purchasing an additional 25,170 shares during the period. Royce & Associates LP’s holdings in IAC were worth $13,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IAC. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in IAC during the 4th quarter worth approximately $41,000. Quarry LP boosted its position 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 during the period. MassMutual Private Wealth & Trust FSB boosted its position in IAC by 1,398.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock worth $89,000 after buying an additional 1,916 shares during the period. Allworth Financial LP boosted its position in IAC by 1,193.4% during the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock worth $139,000 after buying an additional 3,079 shares during the period. Finally, KBC Group NV boosted its position in IAC by 22.8% during the 4th quarter. KBC Group NV now owns 3,278 shares of the company’s stock worth $141,000 after buying an additional 608 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on IAC shares. Barclays lowered their price target on shares of IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Truist Financial lowered their price target on shares of IAC from $80.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, February 13th. UBS Group lowered their price target on shares of IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. KeyCorp raised their price target on shares of IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, JMP Securities lowered their price target on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.67.

IAC Stock Performance

Shares of IAC stock opened at $47.12 on Tuesday. The firm has a market capitalization of $3.65 billion, a PE ratio of -7.23 and a beta of 1.29. The firm has a fifty day simple moving average of $43.75 and a two-hundred day simple moving average of $47.42. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. IAC Inc. has a 12 month low of $39.61 and a 12 month high of $58.29.

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.