IAC Inc. (NASDAQ:IAC) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in IAC Inc. (NASDAQ:IAC) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 343,391 shares of the company’s stock after buying an additional 10,250 shares during the quarter. Principal Financial Group Inc. owned about 0.43% of IAC worth $14,814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of IAC. Quarry LP increased its holdings in IAC by 408.9% in 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 increased its holdings 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 worth $89,000 after buying an additional 1,916 shares during the period. Allworth Financial LP increased its holdings in IAC by 1,193.4% in 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. KBC Group NV boosted its position in IAC by 22.8% in the 4th quarter. KBC Group NV now owns 3,278 shares of the company’s stock worth $141,000 after purchasing an additional 608 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in IAC in the 3rd quarter worth approximately $209,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

IAC Stock Down 1.1 %

NASDAQ IAC opened at $45.32 on Thursday. The business has a fifty day moving average price of $43.22 and a 200 day moving average price of $48.03. IAC Inc. has a one year low of $39.61 and a one year high of $58.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. The company has a market cap of $3.65 billion, a P/E ratio of -6.95 and a beta of 1.32.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group lowered their price objective on IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Citigroup upped their price objective on IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. TD Cowen lowered their price objective on IAC from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Oppenheimer lowered their price objective on IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, JMP Securities lowered their price objective on IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.67.

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.