IAC Inc. (NASDAQ:IAC) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its position in shares of IAC Inc. (NASDAQ:IAC) by 806.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,352 shares of the company’s stock after buying an additional 39,458 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.06% of IAC worth $1,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAC. Vanguard Group Inc. raised its holdings in shares of 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 raised its holdings in 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 buying an additional 130,604 shares during the period. Charles Schwab Investment Management Inc. grew its stake in IAC by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 967,260 shares of the company’s stock worth $41,728,000 after buying an additional 19,148 shares during the period. Norges Bank acquired a new stake in shares of IAC in the fourth quarter worth $38,817,000. Finally, Northern Trust Corp raised its stake in shares of IAC by 6.8% in the 4th quarter. Northern Trust Corp now owns 467,587 shares of the company’s stock valued at $20,172,000 after acquiring an additional 29,627 shares during the period. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial lowered their price target on IAC from $80.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, February 13th. KeyCorp dropped their target price on IAC from $64.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday. UBS Group decreased their price target on IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Benchmark dropped their price objective on shares of IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Citigroup decreased their target price on shares of IAC from $47.55 to $45.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, IAC currently has an average rating of “Moderate Buy” and an average price target of $61.00.

IAC Trading Up 0.1 %

NASDAQ:IAC opened at $35.35 on Tuesday. The company has a market cap of $2.74 billion, a PE ratio of -5.42 and a beta of 1.24. The business’s 50 day moving average is $40.12 and its two-hundred day moving average is $43.80. 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 52 week low of $32.05 and a 52 week high of $58.29.

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.