IAC (NASDAQ:IAC – Get Free Report) had its price target decreased by research analysts at UBS Group from $66.00 to $54.00 in a report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 12.81% from the company’s previous close.
A number of other equities analysts have also commented on IAC. Barclays dropped their price target on shares of IAC from $85.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, August 10th. Credit Suisse Group decreased their price target on shares of IAC from $123.00 to $112.00 and set an “outperform” rating for the company in a report on Thursday, August 10th. Oppenheimer dropped their price objective on IAC from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, August 10th. JPMorgan Chase & Co. cut their price objective on IAC from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, August 10th. Finally, Citigroup lowered their target price on IAC from $71.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, IAC presently has an average rating of “Moderate Buy” and an average target price of $78.31.
IAC Stock Down 1.0 %
Institutional Trading of IAC
Several institutional investors have recently made changes to their positions in IAC. Nomura Asset Management Co. Ltd. grew its position in IAC by 204.2% in the first quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the company’s stock valued at $38,000 after acquiring an additional 490 shares during the period. Parallel Advisors LLC grew its holdings in shares of IAC by 94.4% in the 1st quarter. Parallel Advisors LLC now owns 801 shares of the company’s stock worth $41,000 after purchasing an additional 389 shares during the last quarter. Spire Wealth Management increased its position in shares of IAC by 255.0% during the 1st quarter. Spire Wealth Management now owns 859 shares of the company’s stock worth $44,000 after purchasing an additional 617 shares in the last quarter. National Bank of Canada FI lifted its holdings in IAC by 58.8% during the 2nd quarter. National Bank of Canada FI now owns 1,131 shares of the company’s stock valued at $71,000 after purchasing an additional 419 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in IAC by 71.7% in the second quarter. Lazard Asset Management LLC now owns 1,149 shares of the company’s stock valued at $72,000 after buying an additional 480 shares in the last quarter. 85.60% of the stock is currently owned by institutional investors and hedge funds.
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.
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