New York State Teachers Retirement System Sells 400 Shares of IAC Inc. (NASDAQ:IAC)

New York State Teachers Retirement System reduced its position in IAC Inc. (NASDAQ:IAC) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,980 shares of the company’s stock after selling 400 shares during the period. New York State Teachers Retirement System’s holdings in IAC were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of IAC. Creative Planning increased its stake in IAC by 55.7% during the third quarter. Creative Planning now owns 14,380 shares of the company’s stock worth $774,000 after acquiring an additional 5,145 shares during the last quarter. Raymond James & Associates increased its position in shares of IAC by 7.7% in the 3rd quarter. Raymond James & Associates now owns 48,353 shares of the company’s stock valued at $2,602,000 after acquiring an additional 3,471 shares during the period. International Assets Investment Management LLC grew its position in IAC by 5,282.0% during the 3rd quarter. International Assets Investment Management LLC now owns 45,209 shares of the company’s stock worth $24,330,000 after purchasing an additional 44,369 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in IAC during the 3rd quarter worth about $208,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of IAC by 2.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,475 shares of the company’s stock worth $833,000 after acquiring an additional 405 shares in the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. KeyCorp raised their price target on shares of IAC from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Benchmark decreased their price target on shares of IAC from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. UBS Group lowered their target price on shares of IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Barclays dropped their price target on 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 lowered their target price on IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.

IAC Stock Performance

NASDAQ IAC opened at $45.63 on Monday. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of -7.00 and a beta of 1.32. 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 fifty-two week low of $39.61 and a fifty-two week high of $58.29. The business has a fifty day moving average of $43.09 and a 200-day moving average of $48.10.

IAC Company 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.