Leuthold Group LLC Sells 2,049 Shares of IAC Inc. (NASDAQ:IAC)

Leuthold Group LLC decreased its stake in IAC Inc. (NASDAQ:IAC) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,470 shares of the company’s stock after selling 2,049 shares during the period. Leuthold Group LLC owned about 0.07% of IAC worth $2,522,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP grew 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 last quarter. MassMutual Private Wealth & Trust FSB boosted its position in IAC by 1,398.5% during the 4th 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 during the period. Allworth Financial LP grew its holdings in IAC by 1,193.4% during the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock worth $139,000 after acquiring an additional 3,079 shares during the last quarter. KBC Group NV increased its position in IAC by 22.8% in the 4th quarter. KBC Group NV now owns 3,278 shares of the company’s stock valued at $141,000 after acquiring an additional 608 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new position in shares of IAC during the third quarter valued at $208,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on IAC shares. Benchmark reduced their price objective 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. Truist Financial decreased their price target on IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Macquarie reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of IAC in a research note on Thursday, November 14th. UBS Group decreased their target price 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, TD Cowen lowered their price target on shares of IAC from $82.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.67.

IAC Trading Down 1.6 %

IAC opened at $45.63 on Friday. The company has a market cap of $3.67 billion, a P/E ratio of -7.00 and a beta of 1.32. The company has a fifty day moving average price of $43.07 and a two-hundred day moving average price of $48.08. The company has a current ratio of 2.80, a quick ratio of 2.75 and a debt-to-equity ratio of 0.31. IAC Inc. has a 1-year low of $39.61 and a 1-year high of $58.29.

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.