Diamond Hill Capital Management Inc. Acquires New Position in IAC Inc. $IAC

Posted by on May 23rd, 2026

Diamond Hill Capital Management Inc. purchased a new stake in shares of IAC Inc. (NASDAQ:IAC – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 308,630 shares of the company’s stock, valued at approximately $12,067,000.

A number of other institutional investors have also recently made changes to their positions in IAC. Goldman Sachs Group Inc. boosted its holdings in shares of IAC by 38.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company’s stock valued at $19,087,000 after acquiring an additional 115,652 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of IAC during the 1st quarter valued at about $207,000. Empowered Funds LLC boosted its holdings in shares of IAC by 9.8% during the 1st quarter. Empowered Funds LLC now owns 8,037 shares of the company’s stock valued at $369,000 after acquiring an additional 718 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of IAC during the 1st quarter valued at about $270,000. Finally, Creative Planning boosted its holdings in shares of IAC by 8.8% during the 2nd quarter. Creative Planning now owns 11,619 shares of the company’s stock valued at $434,000 after acquiring an additional 944 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

IAC Price Performance

Shares of NASDAQ:IAC opened at $42.03 on Friday. The firm’s 50 day moving average price is $41.09 and its 200-day moving average price is $38.40. IAC Inc. has a twelve month low of $29.56 and a twelve month high of $45.82. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $2.88 billion, a PE ratio of 113.60 and a beta of 1.03.

Analyst Upgrades and Downgrades

IAC has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded shares of IAC from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a report on Wednesday, May 6th. Barclays raised their price target on shares of IAC from $48.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of IAC from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, May 4th. UBS Group increased their price objective on shares of IAC from $42.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC set a $57.00 price objective on shares of IAC in a research note on Tuesday, March 3rd. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, IAC currently has a consensus rating of “Moderate Buy” and an average price target of $53.14.

Check Out Our Latest Stock Report on IAC

IAC Profile

(Free Report)

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.

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Institutional Ownership by Quarter for IAC (NASDAQ:IAC)

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