Charles Schwab Investment Management Inc. Raises Holdings in IAC Inc. (NASDAQ:IAC)

Charles Schwab Investment Management Inc. boosted its holdings in shares of IAC Inc. (NASDAQ:IAC) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 967,260 shares of the company’s stock after buying an additional 19,148 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.20% of IAC worth $41,728,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP grew its position in shares of 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 last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in IAC by 1,398.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock worth $89,000 after purchasing an additional 1,916 shares during the last quarter. KBC Group NV grew its holdings in IAC by 22.8% in 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 grew its holdings in 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 purchasing an additional 3,079 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in IAC in the third quarter worth $282,000. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on IAC. JMP Securities dropped their target price on IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 13th. Oppenheimer cut their price objective on shares of IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. UBS Group lowered their target price on shares of IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Piper Sandler lowered shares of IAC from an “overweight” rating to a “neutral” rating and cut their price target for the company from $68.00 to $54.00 in a research note on Tuesday, December 10th. Finally, Barclays decreased 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. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, IAC has a consensus rating of “Moderate Buy” and a consensus target price of $64.67.

IAC Stock Performance

Shares of NASDAQ IAC opened at $44.56 on Friday. The company’s fifty day moving average price is $43.68 and its 200 day moving average price is $47.48. IAC Inc. has a 1 year low of $39.61 and a 1 year high of $58.29. The company has a market capitalization of $3.45 billion, a PE ratio of -6.83 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80.

IAC Company 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.