4,902 Shares in IAC Inc. (NASDAQ:IAC) Bought by Guggenheim Capital LLC

Guggenheim Capital LLC bought a new position in IAC Inc. (NASDAQ:IAC) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 4,902 shares of the company’s stock, valued at approximately $211,000.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in IAC by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 7,906,737 shares of the company’s stock worth $341,097,000 after purchasing an additional 43,772 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of IAC by 9.0% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,583,367 shares of the company’s stock valued at $68,306,000 after acquiring an additional 130,604 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of IAC by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 967,260 shares of the company’s stock valued at $41,728,000 after acquiring an additional 19,148 shares during the period. Norges Bank purchased a new position in shares of IAC in the fourth quarter valued at about $38,817,000. Finally, Joel Isaacson & Co. LLC increased its position in shares of IAC by 553.6% in the fourth quarter. Joel Isaacson & Co. LLC now owns 424,238 shares of the company’s stock valued at $18,302,000 after acquiring an additional 359,327 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group decreased their price objective on shares of IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. KeyCorp boosted their price objective on shares of IAC from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Oppenheimer reduced their price target on shares of IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Truist Financial reduced their price target on shares of IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Benchmark reduced their price target on shares of IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, IAC presently has an average rating of “Moderate Buy” and an average target price of $62.15.

IAC Trading Down 0.3 %

NASDAQ:IAC opened at $35.46 on Tuesday. IAC Inc. has a one year low of $32.05 and a one 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’s 50-day simple moving average is $41.17 and its 200 day simple moving average is $44.44. The firm has a market capitalization of $2.75 billion, a P/E ratio of -5.44 and a beta of 1.24.

About IAC

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.