QRG Capital Management Inc. Has $1.21 Million Stock Position in IAC Inc. (NASDAQ:IAC)

QRG Capital Management Inc. trimmed its position in IAC Inc. (NASDAQ:IAC) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,105 shares of the company’s stock after selling 3,715 shares during the quarter. QRG Capital Management Inc.’s holdings in IAC were worth $1,212,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quarry LP increased its holdings in shares of IAC by 408.9% during the third quarter. Quarry LP now owns 977 shares of the company’s stock worth $53,000 after purchasing an additional 785 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in IAC by 1,398.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock worth $89,000 after buying an additional 1,916 shares in the last quarter. Allworth Financial LP grew its position in IAC by 1,193.4% during the fourth quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock worth $139,000 after buying an additional 3,079 shares in the last quarter. KBC Group NV increased its stake in IAC by 22.8% during the 4th quarter. KBC Group NV now owns 3,278 shares of the company’s stock worth $141,000 after acquiring an additional 608 shares during the period. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in IAC in the 3rd quarter valued at $209,000. Institutional investors own 88.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IAC. Citigroup increased their target price on IAC from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, January 31st. UBS Group reduced their price objective 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 dropped their target price on shares of IAC from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Piper Sandler lowered shares of IAC from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $68.00 to $54.00 in a research report on Tuesday, December 10th. Finally, TD Cowen lowered their price objective on shares of IAC from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.67.

IAC Price Performance

Shares of IAC opened at $45.50 on Tuesday. The company has a quick ratio of 2.75, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.66 billion, a PE ratio of -6.98 and a beta of 1.32. IAC Inc. has a 12-month low of $39.61 and a 12-month high of $58.29. The business has a 50-day simple moving average of $43.45 and a two-hundred day simple moving average of $47.92.

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.