Assenagon Asset Management S.A. Sells 87,214 Shares of IAC Inc. (NASDAQ:IAC)

Assenagon Asset Management S.A. reduced its position in IAC Inc. (NASDAQ:IACFree Report) by 82.4% in the 1st quarter, HoldingsChannel reports. The firm owned 18,624 shares of the company’s stock after selling 87,214 shares during the period. Assenagon Asset Management S.A.’s holdings in IAC were worth $993,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Garden State Investment Advisory Services LLC raised its holdings in IAC by 1.3% in the 4th quarter. Garden State Investment Advisory Services LLC now owns 15,010 shares of the company’s stock valued at $786,000 after acquiring an additional 196 shares during the period. DAVENPORT & Co LLC lifted its holdings in IAC by 0.6% during the 4th quarter. DAVENPORT & Co LLC now owns 44,386 shares of the company’s stock worth $2,325,000 after purchasing an additional 271 shares during the last quarter. Covestor Ltd boosted its stake in IAC by 15.4% in the 3rd quarter. Covestor Ltd now owns 2,144 shares of the company’s stock valued at $108,000 after purchasing an additional 286 shares during the period. Spire Wealth Management grew its holdings in IAC by 23.1% in the 3rd quarter. Spire Wealth Management now owns 1,612 shares of the company’s stock valued at $81,000 after buying an additional 303 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in IAC by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 32,856 shares of the company’s stock worth $1,721,000 after buying an additional 320 shares during the period. Institutional investors own 88.90% of the company’s stock.

IAC Price Performance

Shares of IAC traded down $2.32 during trading hours on Tuesday, reaching $51.07. The stock had a trading volume of 902,432 shares, compared to its average volume of 801,270. The stock has a market capitalization of $4.10 billion, a PE ratio of -33.79 and a beta of 1.34. IAC Inc. has a 12 month low of $41.39 and a 12 month high of $69.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.70 and a current ratio of 2.70. The company’s 50-day moving average is $51.89 and its two-hundred day moving average is $51.35.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IAC shares. KeyCorp upped their price target on shares of IAC from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Wells Fargo & Company increased their target price on shares of IAC from $82.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Truist Financial boosted their price target on IAC from $80.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, May 10th. UBS Group raised their price objective on IAC from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Oppenheimer increased their target price on IAC from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.92.

Get Our Latest Analysis on IAC

IAC Profile

(Free Report)

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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Institutional Ownership by Quarter for IAC (NASDAQ:IAC)

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