Boyar Asset Management Inc. Has $780,000 Stock Position in IAC Inc. (NASDAQ:IAC)

Boyar Asset Management Inc. lessened its holdings in IAC Inc. (NASDAQ:IAC) by 5.8% during the fourth quarter, HoldingsChannel reports. The fund owned 18,089 shares of the company’s stock after selling 1,119 shares during the quarter. Boyar Asset Management Inc.’s holdings in IAC were worth $780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Barclays PLC lifted its stake in IAC by 922.5% during the 3rd quarter. Barclays PLC now owns 60,737 shares of the company’s stock valued at $3,268,000 after acquiring an additional 54,797 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of IAC by 6.7% during the third quarter. Franklin Resources Inc. now owns 10,896 shares of the company’s stock valued at $577,000 after purchasing an additional 686 shares in the last quarter. Fortis Advisors LLC lifted its position in shares of IAC by 23.3% during the fourth quarter. Fortis Advisors LLC now owns 9,650 shares of the company’s stock valued at $416,000 after purchasing an additional 1,825 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in IAC by 452.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 102,883 shares of the company’s stock worth $4,438,000 after purchasing an additional 84,259 shares during the last quarter. Finally, Empirical Asset Management LLC bought a new stake in IAC in the 4th quarter worth about $7,794,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IAC shares. KeyCorp lifted their target price on shares of IAC from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Barclays cut their price objective on IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Oppenheimer decreased their target price on IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Truist Financial cut their price target 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of IAC from $60.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, IAC has an average rating of “Moderate Buy” and a consensus price target of $62.15.

IAC Stock Performance

Shares of IAC stock opened at $35.79 on Wednesday. The firm’s 50 day moving average is $40.96 and its 200 day moving average is $44.38. The stock has a market capitalization of $2.77 billion, a P/E ratio of -5.49 and a beta of 1.24. IAC Inc. has a 12 month low of $32.05 and a 12 month high of $58.29. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31.

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.