IAC Inc. (NASDAQ:IAC) Shares Sold by Cove Street Capital LLC

Cove Street Capital LLC lessened its stake in shares of IAC Inc. (NASDAQ:IAC) by 39.2% during the 4th quarter, HoldingsChannel reports. The firm owned 80,503 shares of the company’s stock after selling 51,931 shares during the quarter. IAC comprises 4.1% of Cove Street Capital LLC’s holdings, making the stock its 7th biggest position. Cove Street Capital LLC’s holdings in IAC were worth $3,473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC grew its stake in IAC by 581.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 98,307 shares of the company’s stock valued at $5,291,000 after buying an additional 83,878 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of IAC by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 948,112 shares of the company’s stock valued at $51,027,000 after purchasing an additional 52,271 shares during the last quarter. Applied Fundamental Research LLC increased its stake in shares of IAC by 12.1% in the fourth quarter. Applied Fundamental Research LLC now owns 416,194 shares of the company’s stock worth $17,955,000 after purchasing an additional 44,835 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of IAC by 15.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 334,267 shares of the company’s stock worth $17,990,000 after purchasing an additional 44,000 shares during the last quarter. Finally, Barclays PLC boosted its stake in IAC by 922.5% during the 3rd quarter. Barclays PLC now owns 60,737 shares of the company’s stock valued at $3,268,000 after purchasing an additional 54,797 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on IAC shares. Oppenheimer dropped their price target on IAC from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Benchmark cut their target price on shares of IAC from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Truist Financial decreased their price target on shares of IAC from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. UBS Group cut their price objective on shares of IAC from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, JMP Securities decreased their target price on 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 equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, IAC currently has an average rating of “Moderate Buy” and an average price target of $64.31.

IAC Stock Down 5.2 %

Shares of NASDAQ:IAC opened at $46.32 on Friday. The company’s fifty day moving average is $44.90 and its 200-day moving average is $47.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. IAC Inc. has a 52 week low of $39.61 and a 52 week high of $58.29. The company has a market capitalization of $3.59 billion, a PE ratio of -7.10 and a beta of 1.29.

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.