10,182 Shares in IAC Inc. (NASDAQ:IAC) Purchased by Wellington Management Group LLP
Wellington Management Group LLP acquired 10,182 shares of IAC Inc. (NASDAQ:IAC) valued at approximately $439,000 during the fourth quarter. Other institutional investors also increased their stakes in IAC, with MassMutual Private Wealth & Trust FSB raising its position by 1,398.5%. Analysts have mixed ratings on IAC, with a consensus rating of "Moderate Buy" and a target price of $64.31. IAC's stock opened at $33.85, with a market cap of $2.62 billion and a PE ratio of -5.19.
Wellington Management Group LLP acquired a new position in shares of IAC Inc. (NASDAQ:IAC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,182 shares of the company's stock, valued at approximately $439,000.
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A number of other hedge funds also recently bought and sold shares of IAC. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of IAC during the 4th quarter worth about $41,000. MassMutual Private Wealth & Trust FSB increased 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 acquiring an additional 1,916 shares during the period. KBC Group NV raised its stake 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 purchasing an additional 608 shares during the last quarter. Allworth Financial LP raised 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 last quarter. Finally, LPL Financial LLC lifted its position in IAC by 17.1% in the fourth quarter. LPL Financial LLC now owns 5,016 shares of the company's stock valued at $216,000 after purchasing an additional 733 shares during the period. Institutional investors and hedge funds own 88.90% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on IAC shares. Benchmark reduced their target price on IAC from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, February 13th. UBS Group dropped their price objective on IAC from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. KeyCorp boosted their price target on IAC from $60.00 to $64.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $60.00 price objective on shares of IAC in a report on Friday, March 21st. Finally, Truist Financial cut their target price on IAC from $80.00 to $76.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.31.
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Read Our Latest Analysis on IAC
IAC Stock Down 1.0 %
Shares of IAC stock opened at $33.85 on Tuesday. The company has a market capitalization of $2.62 billion, a PE ratio of -5.19 and a beta of 1.24. IAC Inc. has a 1-year low of $32.05 and a 1-year high of $58.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. The business has a 50-day moving average of $43.29 and a 200-day moving average of $45.70.
IAC Company Profile
(Free Report)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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