Heritage Investors Management Corp Sells 17,166 Shares of IAC Inc. (NASDAQ:IAC)

Heritage Investors Management Corp lowered its position in IAC Inc. (NASDAQ:IAC) by 17.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 82,929 shares of the company’s stock after selling 17,166 shares during the period. Heritage Investors Management Corp’s holdings in IAC were worth $3,578,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IAC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in IAC by 2.4% in the 3rd 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 purchasing an additional 66,347 shares in the last quarter. State Street Corp lifted its stake in IAC by 1.2% in the 3rd quarter. State Street Corp now owns 2,360,210 shares of the company’s stock worth $127,027,000 after purchasing an additional 28,577 shares in the last quarter. Geode Capital Management LLC lifted its stake in IAC by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,217,480 shares of the company’s stock worth $65,541,000 after purchasing an additional 25,909 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in IAC by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company’s stock worth $51,027,000 after purchasing an additional 52,271 shares in the last quarter. Finally, Joel Isaacson & Co. LLC lifted its stake in IAC by 553.6% in the 4th quarter. Joel Isaacson & Co. LLC now owns 424,238 shares of the company’s stock worth $18,302,000 after purchasing an additional 359,327 shares in the last quarter. Institutional investors own 88.90% of the company’s stock.

IAC Stock Performance

IAC stock opened at $46.56 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.80 and a quick ratio of 2.75. IAC Inc. has a 1-year low of $39.61 and a 1-year high of $58.29. The firm has a market capitalization of $3.75 billion, a P/E ratio of -7.14 and a beta of 1.32. The company’s 50-day moving average is $43.31 and its 200 day moving average is $48.02.

Analyst Ratings Changes

IAC has been the topic of several research analyst reports. Benchmark decreased their price target on shares of IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Barclays decreased their price target 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. 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. Oppenheimer decreased their target price on shares of IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, JMP Securities decreased their target price on shares of IAC from $70.00 to $64.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.67.

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.