HighTower Advisors LLC Increases Stock Holdings in IAC Inc. (NASDAQ:IAC)

HighTower Advisors LLC boosted its position in shares of IAC Inc. (NASDAQ:IAC) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,624 shares of the company’s stock after acquiring an additional 713 shares during the period. HighTower Advisors LLC’s holdings in IAC were worth $1,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of IAC. Sanctuary Advisors LLC lifted its stake in IAC by 581.3% during the third quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company’s stock worth $5,291,000 after purchasing an additional 83,878 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of IAC by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company’s stock worth $51,027,000 after purchasing an additional 52,271 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in IAC by 15.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 334,267 shares of the company’s stock worth $17,990,000 after acquiring an additional 44,000 shares during the period. Barclays PLC increased its position in shares of IAC by 922.5% during the third quarter. Barclays PLC now owns 60,737 shares of the company’s stock valued at $3,268,000 after buying an additional 54,797 shares during the period. Finally, Proficio Capital Partners LLC grew its stake in IAC by 4,238.5% in the fourth quarter. Proficio Capital Partners LLC now owns 229,419 shares of the company’s stock worth $9,897,000 after purchasing an additional 224,131 shares during the period. Institutional investors own 88.90% of the company’s stock.

IAC Trading Up 3.3 %

Shares of NASDAQ:IAC opened at $50.00 on Tuesday. The business’s 50 day moving average price is $44.42 and its 200-day moving average price is $47.29. IAC Inc. has a 1 year low of $39.61 and a 1 year high of $58.29. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -7.67 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75.

Wall Street Analyst Weigh In

IAC has been the subject of several research analyst reports. UBS Group reduced their price objective on IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $60.00 price objective on shares of IAC in a report on Friday. Truist Financial dropped their target price on shares of IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. KeyCorp boosted their target price on shares of IAC from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, IAC presently has an average rating of “Moderate Buy” and an average price target of $64.31.

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.