IAC Inc. (NASDAQ:IAC) Stake Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of IAC Inc. (NASDAQ:IAC) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,741 shares of the company’s stock after selling 774 shares during the period. Thrivent Financial for Lutherans’ holdings in IAC were worth $2,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Pathstone Holdings LLC lifted its stake in IAC by 8.2% in the third quarter. Pathstone Holdings LLC now owns 24,119 shares of the company’s stock valued at $1,298,000 after acquiring an additional 1,819 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of IAC by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company’s stock valued at $51,027,000 after purchasing an additional 52,271 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in IAC by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,123 shares of the company’s stock worth $922,000 after purchasing an additional 1,901 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in IAC by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,847,499 shares of the company’s stock worth $153,252,000 after buying an additional 66,347 shares during the last quarter. Finally, Captrust Financial Advisors bought a new position in IAC during the third quarter valued at about $282,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on IAC shares. Citigroup upped their price target on IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. JMP Securities lowered their price target on IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a report on Thursday, February 13th. Piper Sandler cut shares of IAC from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $68.00 to $54.00 in a research note on Tuesday, December 10th. Barclays lowered their target price on shares of IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, Oppenheimer cut their target price on shares of IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.31.

IAC Stock Down 0.2 %

IAC stock opened at $48.86 on Friday. IAC Inc. has a twelve month low of $39.61 and a twelve month high of $58.29. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.79 billion, a PE ratio of -7.49 and a beta of 1.29. The business’s 50-day simple moving average is $44.82 and its 200 day simple moving average is $47.30.

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.