Prudential Financial Inc. Has $3.32 Million Stock Holdings in IAC Inc. (NASDAQ:IAC)

Prudential Financial Inc. trimmed its holdings in shares of IAC Inc. (NASDAQ:IAC) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,753 shares of the company’s stock after selling 2,245 shares during the period. Prudential Financial Inc. owned approximately 0.09% of IAC worth $3,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Sanctuary Advisors LLC lifted its position in IAC by 581.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company’s stock worth $5,291,000 after buying an additional 83,878 shares in the last quarter. Applied Fundamental Research LLC raised its holdings in shares of IAC by 12.1% during the fourth quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company’s stock worth $17,955,000 after acquiring an additional 44,835 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position 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 purchasing an additional 44,000 shares during the last quarter. Barclays PLC increased its position in IAC by 922.5% in the 3rd quarter. Barclays PLC now owns 60,737 shares of the company’s stock worth $3,268,000 after purchasing an additional 54,797 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of IAC by 4,238.5% during the 4th 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 in the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.

IAC Price Performance

Shares of NASDAQ:IAC opened at $40.02 on Thursday. The company has a market cap of $3.10 billion, a price-to-earnings ratio of -6.14 and a beta of 1.24. The business has a 50 day moving average price of $44.88 and a 200 day moving average price of $47.06. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. IAC Inc. has a twelve month low of $37.76 and a twelve month high of $58.29.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on IAC shares. JMP Securities lowered their price target on IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $60.00 target price on shares of IAC in a research report on Friday, March 21st. Benchmark cut their price target on shares of IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Truist Financial decreased their price objective on shares of IAC from $80.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Barclays cut their target price on IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.31.

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.