IAC Inc. (NASDAQ:IAC) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Posted by on Feb 24th, 2023

Skandinaviska Enskilda Banken AB publ raised its stake in shares of IAC Inc. (NASDAQ:IAC – Get Rating) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,868 shares of the company’s stock after buying an additional 260 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in IAC were worth $713,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Tortoise Investment Management LLC purchased a new position in shares of IAC during the 2nd quarter worth $32,000. Wipfli Financial Advisors LLC purchased a new position in shares of IAC during the 3rd quarter worth $40,000. Parallel Advisors LLC lifted its stake in shares of IAC by 106.6% during the 2nd quarter. Parallel Advisors LLC now owns 564 shares of the company’s stock worth $43,000 after purchasing an additional 291 shares during the period. Toronto Dominion Bank lifted its stake in shares of IAC by 103.8% during the 3rd quarter. Toronto Dominion Bank now owns 807 shares of the company’s stock worth $45,000 after purchasing an additional 411 shares during the period. Finally, SRS Capital Advisors Inc. lifted its stake in shares of IAC by 12,044.4% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,093 shares of the company’s stock worth $61,000 after purchasing an additional 1,084 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

IAC Stock Down 0.9 %

Shares of IAC stock opened at $52.76 on Friday. The business has a 50-day moving average of $50.76 and a 200-day moving average of $54.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market capitalization of $4.38 billion, a PE ratio of -3.91 and a beta of 1.12. IAC Inc. has a 1-year low of $41.52 and a 1-year high of $117.84.

Analysts Set New Price Targets

Several research analysts recently weighed in on IAC shares. Cowen cut their target price on IAC to $75.00 in a research report on Tuesday, November 15th. StockNews.com raised IAC from a “sell” rating to a “hold” rating in a research report on Wednesday, February 15th. Truist Financial cut their target price on IAC from $155.00 to $120.00 in a research report on Thursday, November 10th. Benchmark reaffirmed a “buy” rating and issued a $130.00 target price on shares of IAC in a research report on Friday, February 10th. Finally, Piper Sandler increased their target price on IAC from $67.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 15th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.13.

About IAC

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IAC is a media and Internet company comprised of some of the world’s most recognized brands and products, such as HomeAdvisor, Vimeo, About.com, Dictionary.com, The Daily Beast, Investopedia, and Match Group’s online dating portfolio, which includes Match, OkCupid and Tinder. Ranked by Fortune magazine’s annual standing of the world’s most admired companies in the Internet Services & Retailing sector for many years, IAC’s family of websites is one of the largest in the world, with over two billion monthly visits reaching users in more than 190 countries.

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Institutional Ownership by Quarter for IAC (NASDAQ:IAC)

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