Victory Capital Management Inc. Has $1.53 Million Holdings in IAC Inc. (NASDAQ:IAC)

Victory Capital Management Inc. boosted its stake in shares of IAC Inc. (NASDAQ:IAC) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,531 shares of the company’s stock after purchasing an additional 3,845 shares during the quarter. Victory Capital Management Inc.’s holdings in IAC were worth $1,533,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Quarry LP raised its stake in shares of IAC by 408.9% in the 3rd quarter. Quarry LP now owns 977 shares of the company’s stock valued at $53,000 after buying an additional 785 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of IAC by 1,398.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock valued at $89,000 after buying an additional 1,916 shares in the last quarter. Allworth Financial LP raised its stake in shares of IAC by 1,193.4% in the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock valued at $139,000 after buying an additional 3,079 shares in the last quarter. KBC Group NV raised its stake in shares of IAC by 22.8% in the 4th quarter. KBC Group NV now owns 3,278 shares of the company’s stock valued at $141,000 after buying an additional 608 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of IAC in the 3rd quarter valued at $282,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IAC. JMP Securities dropped their target price on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating for the company in a research report on Thursday, February 13th. Piper Sandler cut shares of IAC from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $68.00 to $54.00 in a research report on Tuesday, December 10th. KeyCorp increased 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. Truist Financial dropped their target price on shares of IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, Citigroup increased their price objective on shares of IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, IAC presently has a consensus rating of “Moderate Buy” and an average target price of $64.67.

IAC Stock Down 0.4 %

Shares of NASDAQ IAC opened at $46.95 on Wednesday. The firm has a market capitalization of $3.64 billion, a PE ratio of -7.20 and a beta of 1.29. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. IAC Inc. has a 1 year low of $39.61 and a 1 year high of $58.29. The firm’s 50-day moving average is $43.83 and its 200-day moving average is $47.37.

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.