IAC Inc. (NASDAQ:IAC) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its stake in IAC Inc. (NASDAQ:IAC) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,850 shares of the company’s stock after selling 8,787 shares during the period. Brandywine Global Investment Management LLC owned 0.31% of IAC worth $10,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased its holdings in IAC by 171.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 108,895 shares of the company’s stock worth $4,540,000 after buying an additional 68,816 shares during the period. California Public Employees Retirement System raised its holdings in shares of IAC by 58.2% during the fourth quarter. California Public Employees Retirement System now owns 250,434 shares of the company’s stock worth $10,804,000 after purchasing an additional 92,143 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of IAC by 129.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 34,111 shares of the company’s stock valued at $1,472,000 after buying an additional 19,216 shares during the period. Highbridge Capital Management LLC grew its stake in shares of IAC by 223.5% during the 4th quarter. Highbridge Capital Management LLC now owns 351,681 shares of the company’s stock worth $15,172,000 after purchasing an additional 242,982 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of IAC in the fourth quarter worth about $289,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.

IAC Price Performance

IAC stock opened at $45.94 on Tuesday. IAC Inc. has a 52-week low of $39.61 and a 52-week high of $58.29. The business has a fifty day moving average of $44.97 and a two-hundred day moving average of $47.20. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -7.05 and a beta of 1.29. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31.

Wall Street Analyst Weigh In

IAC has been the topic of a number of recent analyst reports. Benchmark lowered their price target on IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Piper Sandler lowered shares of IAC from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $68.00 to $54.00 in a report on Tuesday, December 10th. Truist Financial cut their target price on shares of IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. UBS Group decreased their price target on shares of IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, Barclays decreased their target price on IAC from $66.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, IAC presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.31.

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.