Garden State Investment Advisory Services LLC Has $577,000 Stake in IAC Inc. (NASDAQ:IAC)

Garden State Investment Advisory Services LLC reduced its stake in shares of IAC Inc. (NASDAQ:IAC) by 16.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,379 shares of the company’s stock after selling 2,640 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in IAC were worth $577,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IAC. Aster Capital Management DIFC Ltd lifted its holdings in shares of IAC by 287.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock valued at $27,000 after acquiring an additional 457 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of IAC during the 4th quarter worth about $41,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of IAC by 1,398.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock valued at $89,000 after purchasing an additional 1,916 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 purchasing an additional 608 shares during the period. Finally, Allworth Financial LP boosted its position in IAC by 1,193.4% during the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock worth $139,000 after acquiring an additional 3,079 shares during the last quarter. 88.90% of the stock is owned by institutional investors.

IAC Price Performance

Shares of NASDAQ:IAC opened at $33.77 on Wednesday. The firm has a fifty day moving average price of $43.12 and a 200 day moving average price of $45.62. IAC Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $58.29. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of -5.18 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80.

Analyst Upgrades and Downgrades

IAC has been the subject of a number of research analyst reports. UBS Group reduced 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. KeyCorp lifted their price objective 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 reduced their price objective on IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Truist Financial cut their price objective on IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $60.00 price objective on shares of IAC in a research note on Friday, March 21st. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.31.

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.