IAC Inc. (NASDAQ:IAC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of IAC Inc. (NASDAQ:IAC) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,980 shares of the company’s stock after selling 400 shares during the period. New York State Teachers Retirement System’s holdings in IAC were worth $733,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IAC. Sanctuary Advisors LLC grew its position in IAC by 581.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company’s stock valued at $5,291,000 after buying an additional 83,878 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in IAC by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company’s stock valued at $51,027,000 after buying an additional 52,271 shares in the last quarter. Royce & Associates LP lifted its stake in IAC by 5.1% during the third quarter. Royce & Associates LP now owns 278,679 shares of the company’s stock valued at $14,999,000 after buying an additional 13,400 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in IAC by 15.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 334,267 shares of the company’s stock valued at $17,990,000 after buying an additional 44,000 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of IAC by 922.5% in the third quarter. Barclays PLC now owns 60,737 shares of the company’s stock worth $3,268,000 after purchasing an additional 54,797 shares in the last quarter. Institutional investors own 88.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. KeyCorp increased their price target on shares of IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Piper Sandler downgraded IAC from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $68.00 to $54.00 in a report on Tuesday, December 10th. TD Cowen lowered their price objective on shares of IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Citigroup lifted their price objective on IAC from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Oppenheimer cut their price objective on IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.67.

IAC Price Performance

Shares of IAC opened at $45.63 on Monday. IAC Inc. has a 1 year low of $39.61 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 company has a market capitalization of $3.67 billion, a price-to-earnings ratio of -7.00 and a beta of 1.32. The business has a 50-day moving average of $43.09 and a 200-day moving average of $48.10.

IAC 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.